The National Union of Mineworkers pension scheme has taken advantage of historically low gilt yields to secure a buy-in with Metlife Assurance.
The scheme completed a deal in two weeks to swap £27m of low risk assets for a buy-in policy which will provide a better match for current pensioner liabilities. Consultants have been urging schemes...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.