Royal London has announced plans to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot, subject to High Court approval.
The provider said it wants to offer an "actuarially fair exchange" for GARs in a bid to stop policyholders from "throwing away" the value of these guarantees. Around three in five GAR policyholders...
The founder of Pensions Actuary Services and former Buck chief actuary Mark Stocker has died.
The top stories this week included articles on LCP’s warning that trustees will need to be corporate finance experts under new TPR powers, Livingbridge’s sale of Broadstone to Intermediate Capital Group, and the final approval of the Pension Schemes Bill....
Tender Watch: GMC scheme reappoints Aon; Homes England hires Hymans; Civil Service appoints NTT Data for CSPS and RMSPS schemes
Professional Pensions rounds up some of the latest tender awards from across the industry.
The Institute and Faculty of Actuaries’ (IFoA) Actuarial Research Centre (ARC) has published a report considering the judgement and decision making by pension trustees.
In this week’s Pensions Buzz survey we want to know whether you agree The Pensions Regulator’s approach to the defined benefit (DB) funding code is the correct one.