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.
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point