The £900m Durham County Council Pension Fund has selected two companies for a showdown for the role of Additional Voluntary Contributions (AVC) provider to run alongside existing stakeholder Equitable Life.
According to pensions manager Howard Ladlier, the fund will shortly decide between Standard Life or Prudential Portfolio Management, adding that the fund may appoint both if they have equally attractive proposals.
Ladlier confirmed that consultant Watson Wyatt shortlisted four potential candidates, including Clerical Medical which operates accounts for the UK-based Durham County Council Pension Fund via Halifax.
By Janet Du Chenne
Females can expect to live a greater number of years in poor health than males, according to data from the Office for National Statistics (ONS) for 2015 to 2017.
Scottish higher-rate taxpayers will benefit from more pensions tax relief than workers on the same salary anywhere else in the UK as income tax bands continue to diverge.
Schemes risk breaking the law and being forced to wind up as The Pensions Regulator (TPR) warns some may be master trusts but do not know so.
As a hectic 2018 draws to an end, Jonathan Stapleton wishes readers a quieter 2019.