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 Pensions Regulator (TPR) and Financial Conduct Authority (FCA) have outlined plans to better understand the consumer pensions journey as they launch their joint strategy.
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.