DUKE Street Capital founder Edmund Truell has secured £1bn of capital to fund his new bulk annuity firm, Pension Insurance Corporation.
PIC estimates this amount of cash will enable it to take on £20bn worth of final salary scheme liabilities. Investors in the new business include reinsurance giant Swiss Re, ABN AMRO, HBOS, Royal...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.