Secondary annuity market could pave the way for DB flexibilities
Introducing greater flexibilities for defined benefit (DB) members should be a serious legislative consideration for the government according to Broadstone technical director David Brooks.
It comes as the consultation on developing a secondary annuity market which closed this week has again raised the issue over the lack of flexibilities for DB members. The government previously announced...
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Prudential Retirement expands its global longevity reinsurance business
PFI’s retirement business, also known as Prudential Retirement, is expanding its global longevity reinsurance business with an offering driven by growth in the UK pensions market.
How happy are lay trustees in their role?
Professional Pensions is looking to speak to a number of member-nominated trustees.
Five stories you may have missed this week
This week’s top stories included a ruling for a convicted trustee to return £292,000 in stolen pension funds, while the long-awaited timeline for the pensions dashboard was announced.
Trustee forced to return £292,000 stolen from workplace scheme
A convicted fraudster has been ordered to repay £292,000 which he transferred from savers’ pension pots and funnelled into businesses he part-owned.
