German bank WestLB is planning to enter the UK pensions buyout market, PP can reveal.
If the move goes ahead the commercial bank, which owns WestLB Mellon Asset Management, would be the latest entrant into a market which has grown massively in the past year with the introduction of firms...
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.