Level annuity rates continue to decline in October as the top two providers slash rates, according to Alexander Forbes Annuity Bureau.
Last month's two top-rate providers Aviva and Canada Life cut level annuity rates, allowing Aegon Scottish Equitable to jump ahead in the rates table. The provider held its rates for the month at £6430...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers