Towers Watson has completed more than $1bn (£0.6bn) in transactions involving multinationals using their in-house insurance companies to fund pensions, the consultancy said.
The move involves using an outside insurance company to meet the benefit obligations of a defined benefit plan. The insurance company then reinsures the policy to the company's captive insurer - its in-house...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.