Interest rates need to rise twice to tackle inflation; Britons falling £87bn short in retirement savings; China seeks West's help in pension crisis; Pensions overhaul gives Aviva a boost
Interest rates need to rise twice to tackle inflation Financial Times (p2) Interest rates will need to rise to 5.25pc in the coming months if inflation is to fall back to its target by the end of next...
The Centre for Social Justice is calling for the state pension age to be raised to 70 by 2028 and to 75 by 2035, a much faster rise than currently planned.
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.