UK - Insurance broking group Bradstock has been forced into liquidation.
The group – which managed to avoid going into administration last year after a deal with trustees to plug its £14m scheme deficit – has collapsed because it cannot find affordable professional indemnity insurance.
Ernst & Young has been appointed as liquidators.
Andy Palmer says trustees and employers should prepare for a no deal, which could pose big risks to sponsor covenants
The government has rejected the Treasury Committee's call for fundamental and incremental changes to pensions tax relief, noting there is "no clear consensus".
BlackRock has won over a quarter of a £109bn Scottish Widows mandate following a competitive tender process, as the battle for the remaining £79bn in assets continues.