NEW LIFE AND PENSIONS business is being massively overstated as insurers fail to account for people switching between providers, Higham Dunnett Shaw says.
The oursourcing and consulting firm said that its research indicated that for every £1 of new single premium business reported by life offices, at least 70p is being lost as a result of investors switching...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.