Rothesay Life and Paternoster have reinsured £450m of longevity risk with US-based Prudential Retirement.
The transaction will reinsure the longevity risk of both buy-in, buyout and longevity swap deals written by the firms, covering pensioners and members who have yet to retire. Rothesay Life - which acquired...
HMRC has confirmed providers operating relief at source pension schemes can continue to collect automatic tax relief at a basic rate of 20% under new Scottish Income Tax rules.
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.