Aegon is withdrawing from the bulk annuities market with immediate effect as part of a restructure of its UK life and pensions business.
The insurer said it was withdrawing from the bulk annuity market because increasing price competition meant the business was not hitting profitability targets. It said it would take significant steps...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point