Textiles company AW Hainsworth has secured a buyout for its defined benefit pension scheme in a deal worth £2.3m.
Aviva insured the scheme, with deal management lead Jamie Cole saying it emphasised the importance of smaller funds being prepared for buyouts. "We're pleased to have helped a company with such rich...
The onset of the pandemic dented asset valuations but it will take time to understand the true cost for defined benefit (DB) schemes.
More than 240,600 savers have lost an estimated £14.6bn of pension savings to fraudsters, but a further £2.5trn remains potentially accessible to criminals, The People’s Pension (TPP) says.
Another week-on-week increase in the number of deaths with Covid-19 mentioned on the death certificate has brought total excess deaths since the beginning of the second wave to 5,000.
Smart has launched a retirement product in a bid to help guide members and bridge the advice gap.