Rothesay Life has reinsured the longevity risk it secured from the Uniq Pension Scheme through a £423m deal with US-based firm Prudential Retirement.
The American firm said the deal secured the retirement benefits of about 20,000 of the Uniq scheme, who are insured by Rothesay Life through a £830m buy-in policy. The reinsurance deal covers the...
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.