Towers Watson has downgraded global ten to 15-year government bonds to "highly unattractive" - warning premiums can no longer compensate pension schemes for taking duration risk.
The consultant said the actions of central banks in printing money and investment flows into perceived safe havens had inflated the bond prices and reduced risk premiums. Global investment committee...
The Centre for Social Justice is calling for the state pension age to be raised to 70 by 2028 and to 75 by 2035, a much faster rise than currently planned.
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.