Aviva has reported UK operating profits up 3% for the first half of the year, and highlighted auto-enrolment as an area of opportunity.
Total operating profit across the group was up 5% for the half year to £1.33bn, compared to £1.27bn in H1 2010. Aviva said real profits rose 13%, but this excluded the impact of an £84m special distribution...
This week’s top stories included the launch of Punter Southall’s defined benefit scheme consolidator, while The Pensions Regulator laid down three ‘gateway principles’ for superfund transfers.
Escalating standards for sole trustees will become a norm for reputable firms, even if they are voluntary, says Nigel Hill.
Sole trustees will be expected to assess whether to report to The Pensions Regulator (TPR) if they are removed, or resign, from an appointment because of sponsor’s actions.
Overall mortality remains in line with pre-coronavirus trends despite a recent increase in Covid-19 related deaths, according to the Continuous Mortality Investigation (CMI).
Aon has been re-appointed by the £400m ITN Pension Scheme to provide fiduciary management services.