UK - Standard & Poor's Ratings Services is set to review its triple-B counterparty credit and insurer financial strength ratings on Britannic Assurance.
The move follows a trading statement issued from Britannic Group – the parent company of Britannic Assurance – that annual bonuses for 2002 are likely to be deferred and that no final dividend is likely to be paid in respect of 2002.
Pension freedoms could generate as much as £1.9bn a year in tax revenue for the next 10 years, according to research by the Pensions Policy Institute (PPI).
The Pension Protection Fund (PPF) has conceded it does not have "all the data we need to calculate" the impact of last month's ruling that some benefits may be unlawful.
A looming court decision on gender equalisation of pension schemes could hit FTSE 100 profits by up to £15bn, Lane Clark and Peacock (LCP) says.
Dutch custodian KAS Bank has created a fintech solution to help schemes save on costs and improve transparency of currency hedging strategies.