UK - AXA Sun Life has announced it is to slash terminal bonuses on its pensions by 18%.
The typical payout on its endowment policies and bonds is also to be reduced by 23%.
This comes at the same time as the insurer announced its annual bonuses would total £322m for its with-profits customers.
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Welplan Pensions has triggered its exit from the master trust market, with just a few days to go until The Pensions Regulator's (TPR) application deadline.