UK - Schemes, insurers and trade unions are urging the government to give tax breaks to firms which make pensions available in the workplace.
The Association of British Insurers – which has been holding top level talks with the government and regulators about the idea – is being backed by the Trades Union Congress and the National Association of Pension Funds.
They are hoping the move will promote financial advice to employees by providing an incentive to bosses to offer pensions and advice.
Scottish Life head of pensions strategy Steve Bee said: “The ABI’s ‘pension contribution tax credit’ made a lot of sense.
Pension Insurance Corporation (PIC) has agreed to a 30 year debt investment in Phoenix Community Housing, a not-for-profit, resident-led housing association in London.
Royal London has announced plans to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot, subject to High Court approval.
The Salvus Master Trust will welcome another 1,200 members and 20 employers as it absorbs the £7m Complete Master Trust.
Aon has appointed Emma Adair to lead client service for its UK investment team.