UK - Norwich Union will maintain the current bonus rates and payouts on its with-profits funds until January 2005.
The firm – part of insurance giant Aviva – said the decision to hold the regular and final bonus rates on conventional and unitised with-profits policies followed a review which began in January.
Payouts on conventional and unitised policies will also remain at current levels.
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.