UK/SWITZERLAND - Newcastle Building Society is moving its pensions business to Swiss firm Zurich Financial Services after 13 years with Norwich Union.
It takes effect from March 2003 and sees Zurich providing financial solutions including Threadneedle pensions, to the society’s 450,000 members.
ZFS recently announced partnerships with the Bristol & West and Market Harborough building societies.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers