THE FINANCIAL Services Authority pension scheme deficit rose to £91.3m in 2006, latest figures show.
The FSA’s annual report and accounts blames a fall in corporate bond yields and increases in inflation and longevity assumptions. The increase to £91.3m from £80.3m in 2005 was offset by asset returns...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.