UK - City watchdogs have relaxed rules to ease pressure on life assures. The Financial Services Authority says life assurers will no longer be forced to sell equities in a bid to meet the regulatory minimum margin (RMM).
The RMM forced insurance companies to keep assets equal to 104% of their liabilities – a rule that pushed many life offices to ditch equities as stock markets tumbled. Firms will now be able to apply for a waiver from the RMM rules.
Industry experts are calling on the government to act quickly on new pensions dashboard legislation. The DWP is looking at how to do it amid Brexit constraints, writes Kim Kaveh.
An interactive and hands-free technology that allows savers to track how much they have invested into their retirement pots has been launched by Smart Pension.
The Lighthouse Pensions Trust has recorded an 84% surge in the number of employers signed up to its auto-enrolment (AE) provision.
Melrose Industries's UK defined benefit (DB) schemes had a £5.5m combined deficit at the end of 2016, its annual results have revealed.