An innovative package that will enable defined contribution members to hedge the risk of falling annuity rates is being developed by structured product specialist Nvesta.
Business development director Anthony Green said a 60-year-old with a £100,000 pension pot would need almost twice as much to buy the same income stream if annuity rates halved in the five years to retirement....
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).