UK - Winterthur Life reported an increase of 169% in the sales of defined contribution products during the first half of 2003.
And group personal pension sales topped £5m – a 261% rise.
The firm said it had experienced overall “strong growth”, with individual pensions business through independent financial advisers up 21% on last year.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.