NEW PLAYERS have broken Legal & General and Prudential's dominance of the bulk annuity market.
PP can exclusively reveal that AIG Life is on the verge of signing its first deal with pension scheme trustees. And members of Allied Steel & Wire pension schemes will have their retirement benefits secured...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.