Bulk annuity sales could hit £3bn this year after pension funds purchased more than £2.4bn during the first three quarters of 2009, Mercer says.
The consultant said this was higher than the long-term trend of around £1bn a year, but very far from the high levels of 2008 when sales were around £8bn. Mercer principal David Ellis said: "Taken...
The Environment Agency Pension Fund (EAPF) has joined a coalition of 88 investors to demand companies disclose more information on environmental impact.
The cross industry guaranteed minimum pension (GMP) equalisation working group has formed five sub-committees to each work on a key component of the guidance.
KAS Bank has launched an end-to-end cost transparency solution for defined contribution (DC) schemes to assist in the delivery of chair's statements.