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.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.