Legal & General intends to extend the longevity swap market to cover smaller schemes, after completing a £1bn deal with the Pilkington Superannuation Scheme.
The insurer's first foray into the marketplace was announced yesterday (PP Online, 9 January) and head of business development for bulk purchase annuities Tom Ground (pictured) said it could signal a significant...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).