Bulk annuity buyout specialist Paternoster has admitted increased competition is leading some firms to quote "uneconomic" prices.
It is commonly accepted buyouts should be priced at around 130pc of FRS17 liability levels but Wood says Paternoster is “having to stand back from some transactions where the pricing has become uneconomic”....
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.