The Financial Conduct Authority (FCA) will begin requesting data from annuity providers as part of its on-going investigation into the market.
The regulator began major review of the £11bn annuity market earlier this year in its former incarnation, the Financial Services Authority (FSA) (PP Online, 31 January). An FCA spokesman today confirmed...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.