The longevity swap market appeared to dry up in 2012, as new business dropped by more than two-thirds, according to data from Legal and General.
The insurer's latest report on the de-risking market found that the two transactions completed last year covered £2.2bn of liabilities, while the five deals agreed in 2011 covered £7bn in liabilities....
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.