Legal and General's workplace pension sales have risen 189% this year due to the introduction of auto-enrolment for major retailers.
It now has 248,000 members in its schemes as sales grew to £159m from £55m last year, according to their Q3 interim management statement. Major schemes transferred into the L&G platform in the quarter...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.