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...
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