Closed life fund consolidator Phoenix Group will sell £5bn worth of in-payment annuities to Guardian Financial Services next month.
Guardian will meet all future payments to the 300,000 annuity holders, taking its total assets under management to £13bn. Guardian was acquired by private equity firm Cinven in November 2011 to stake...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.