Failure to consider impaired annuities costing retirees £1.25bn a year
PENSIONERS are missing out on £1.25bn of pension benefits a year by not seeking professional advice on how health considerations can boost annuity rates.
Research by ill-health financial solutions provider Partnership found half of people over 50 who suffer poor health do not know their medical condition could entitle them to a greater annuity in retirement....
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ITS hires new director in London office
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
PPF consults on adopting more 'optimistic' assumptions
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
PPF index: DB deficit falls 27% to £62.8bn
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Buck name revived as Conduent completes sale of HR consulting arm to H.I.G. Capital
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.