The Imperial Home Decor scheme has agreed a £5m medically underwritten buyout of its defined contribution (DC) section in the first such deal to be publicly announced.
The agreement with Partnership secures the pensions of 140 retired DC members whose benefits had previously been delivered through internal annuities. The scheme had been in wind-up since October 2003...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.