FRIENDS Provident has reported an 11pc increase in first quarter life and pensions new business from £223m to £247m.
Despite this, it reported its fund management subsidiary, F&C Investments, had seen assets under management fall from £103.6bn at December 31 to £101.8bn at the end of March. Friends provident executive...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.