UK - The Pensions Annuity Friendly Society has suspended chief executive Chris Rostron pending an internal investigation.
Acting chief executive Simon Whitehead said he could not make any comment until the internal investigation had been completed.
But he added: “Policyholders can rest assured that their benefits will not be affected.”
PAFS is a specialist provider of impaired life annuities with an annual turnover of £34m.
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.