ANNUITY providers should have more freedom over how they invest their funds to give customers better rates, a consultant says.
Smith and Williamson director Mike Fosberry said the government should review the way annuity company guarantees are backed as bond yields remain near all-time lows. Fosberry added: “In a way, it is...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.