UK - Scottish Widows Investment Partnership, the fund management arm of Lloyds TSB, has posted a 59% increase in new business in 2003.
The firm said that during last year, its new business was up 59% over its 2002 results to £2bn. SWIP’s total assets under management at the end of 2003 stood at £77bn, compared to the £70bn it had the previous year.
Trustees lack expertise, time and resources to develop effective communications on technical pensions issues and need professional help, a major review of the British Steel saga has concluded.
In this week's Pensions Buzz, we want to know if you think trustees should consult directly with members before agreeing to a DB superfund buyout.
Thousands of savers taking tax-free lump sums ahead of retirement are at risk of a pensions shortfall in later life due to neglecting their remaining pot, Zurich has warned.
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?