The acquisition of Lucida's book of annuities by Legal & General (L&G) demonstrates the security given by regulation governing the bulk annuity market, say consultants.
The insurer bought the £1.4bn portfolio for £151m through its subsidiary L&G Assurance Society last week (PP Online, 26 June). The move came after Lucida closed to new business in November after to struggling...
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.