Scottish Life has confirmed that it will continue to undertake new auto-enrolment business through consultancy charging, despite being criticised by the pensions minister and releasing a statement apparently announcing a u-turn.
It will conduct new AE business on a consultancy charging basis where an agreement to do so has already been reached by the employer and adviser, and they then approach Scottish Life to run the scheme....
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.