Aviva's exit from the large-scale UK bulk purchase annuity market due to disappointing returns will not affect competition, Aon Hewitt says.
Aviva chairman John McFarlane (pictured) today identified areas of the business he sees as "non-core" which are underperforming and will be "exited", of which the large bulk annuity business was one. ...
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.