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 Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.