Some of the UK's top firms have been forced to up their longevity increase assumptions after underestimating the rate at which their scheme members' life expectancy is improving, Hymans Robertson said.
Spirax-Sarco Engineering, Pennon Group, British American Tobacco and Severn Trent are among those who made the most drastic revisions, according to the consultancy's research. The consultancy's FTSE350...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.