UK - Reliance Mutual is seeking further blocks of life assurance and pensions business following its acquisition of 23,500 policies from Family Assurance.
The acquisition of £260m in funds under management from Family was the latest in a line of similar deals, which have seen the Kent-based company buy parts of Templeton and Time Assurance and the overall acquisition of Criterion Life Assurance.
Chief executive Les Etheridge said he had a clear strategy on how Reliance Mutual would be positioned during the next phase of its development. This included acquiring small to medium-sized blocks of business.
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
In this week's Pensions Buzz, we want to know whether bosses should have to pay into the same staff DB scheme as their workers rather than their own executive pension fund.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.