UK - Pension fund trustee company Thomas Eggar Trustees has changed its name to Thomas Eggar Trust Corporation.
The change was made to consolidate Thomas Eggar’s brand trading name and to emphasise that its trust services are offered via a trust corporation and that the enhanced protection this implies should be made more explicit.
The Centre for Social Justice is calling for the state pension age to be raised to 70 by 2028 and to 75 by 2035, a much faster rise than currently planned.
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.