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 edition of Professional Pensions is out now
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.
The aviation sector's constant evaluation of mistakes to improve safety should be applied to defined benefit schemes, as too many are making the same mistakes again and again, latest research shows.
A month of strikes are due to hit 64 universities from tomorrow over major reforms to the Universities Superannuation Scheme (USS).