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...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point