Almost 100 bulk annuity and longevity swap deals worth more than £50m have taken place in the UK since 2007 as part of an international trend, Mercer research says.
The consultancy's research also said the transfer of risk from scheme sponsors to third parties is accelerating, with more FTSE companies joining the trend. In 2011 alone, around 150 deals worth approximately...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.