SWITZERLAND/UK - Swiss Re has confirmed it is to launch into the pension fund buyout market in September.
The company said it would provide full buyout options along with products to manage interest and inflation initially targeting UK and European schemes and then look to the US.
Swiss Re's announcement came a week after Lehman Brothers refused to confirm it was entering the buyout arena despite rumours to the contrary (www.globalpensions.com).
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.