UK - Lloyds TSB has been fined £1.9m for mis-selling a precipice bonds product designed by pensions and insurance firm Scottish Widows.
The bank will also have to pay around £98m in compensation to 22,500 investors who invested in the extra income and growth product between October 2000 and July 2001.
The 100 largest global pension funds are widely ignoring climate-related risks despite recent warnings by UN scientists, the Asset Owners Disclosure Project (AODP) says.
Premier Inn owner Whitbread has cut its defined benefit (DB) pension deficit to £162m ahead of its agreed £3.9bn sale of Costa Coffee to Coca-Cola.
Trends in longevity and mortality have proven difficult to forecast historically, but are vital to funding schemes and ensuring adequate retirement pots. James Phillips explores the key influences
The two-sided simplified annual pensions statement should be applauded, even if it missing information, says Jonathan Stapleton.