THE LIFE and pensions industry is losing billions of pounds through policies being cancelled early, a new report reveals.
Accountant KPMG estimates the industry lost £4bn in 2004 from early cancellations and more than half the total money paid out was to customers surrendering their policies before they reached maturity....
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.