The £337m Next Group Pension Plan has undertaken a £124m buy-in deal for the defined benefit section of the scheme, half year results reveal.
The agreement, struck with an unnamed insurance company, was completed on 2 August this year. Under the terms of the arrangement, the plan paid £124m to the insurance firm and will in return receive annuity...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.