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”....
The Brunel Pension Partnership has become the fourth local authority pool to receive the green light from the regulator.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.