US firm Prudential Retirement has completed its first longevity reinsurance transaction with UK-based Rothesay Life.
Under the terms of the transaction, Prudential Retirement will provide reinsurance of longevity risk to Goldman Sachs subsidiary Rothesay Life, initially covering pension account values of £100m ($160m)....
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MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.