LEGAL & General is to broaden its capabilities in the bulk annuity market amid greater competition from new players such as Paternoster and Synesis Life.
Managing director of annuities Simon Gadd said the insurer was in the early stages of looking at how to target open final salary schemes and leveraging its capabilities by teaming up with banks and reinsurers....
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.