SCHEMES are set to receive rebates of £7.5m following a decision by CrestCo to reduce fees paid in 2006 by around 10pc.
The UK settlements house – which is used by most UK schemes and their delegates – said that the rebate would be paid in a lump sum to each client in early 2007, based on the transactional fees it paid...
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.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.