Insurance companies do not need to offer additional security in pension buy-in transactions, trustees believe.
Hewitt Associates polled a group of around 40 trustees at a debate held in its London office last week and found that 93% believed bulk annuity providers did not need to provide "security options" - which...
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.