UK - Axa is aiming to become one of the big players in the corporate pensions market.
The financial services giant is developing its range of pension products to make the implementation of new schemes smoother.
Head of pensions marketing Steve Folkard said Axa was investing a considerable sum in the continuing development of its proposition over the next 12 months.
He said this was in addition to the £30m already spent to “improve our pensions platform over the past year as part of this major initiative”.
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This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.