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...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point