Trustees of the Christopherson (FS) Pension Scheme have agreed a £55m buyout for its members with Pension Insurance Corporation (PIC).
The deal covers the liabilities for the scheme's near 350 members and was agreed with motor insurer Equity Red Star, the sponsor of the scheme. Christopherson was originally a Lloyds listed insurer...
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MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.