UK - Smaller insurers will have to merge if they are to keep a competitive advantage in the current marketplace, says Standard & Poor's.
Director Paul Waterhouse said: “An impact of weaker stock markets will be to accelerate market consolidation.
“The depressed investment conditions of the past few years have placed significant pressure on such companies and will accelerate this change.”
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.