Friends Provident saw new group pensions business fall by 44% in the first three months of the year, an interim management statement published today reveals.
The life and pensions firm said new group pensions business fell from £127m on an APE (annualised premium equivalent) basis in the first quarter of 2008 to £70m in the first three months of this year....
In this week's Pensions Buzz survey, we want to know whether or not you agree with Lord Myners' opinion that asset owners, such as pension funds, are substantially to blame for short-termism in business.
The combined funding level decreased by just over four percentage points by the end of last month to 93.6%, according to the Pension Protection Fund's (PPF) latest update.
Plastics manufacturer Carclo has missed yet another dividend as it continues to battle its defined benefit (DB) pension funding shortfall.