UK - The value of occupational pensions administered by insurance companies rose from £180bn to £210bn in 2000, figures from the Association of British Insurers reveal.
The ABI’s Insurance Trends report shows that insurance-administered funds increased their share of the pensions market from 39% to 43% between 1999 and 2000.
The value of employer-administered schemes fell by 5% from – £785bn to £745bn – over the same period.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.