The Financial Services Consumer Panel (FSCP) has urged the Financial Conduct Authority (FCA) to create requirements for employers and trustees of workplace schemes to provide annuity services for members.
In a paper published today, the FSCP called on the FCA to conduct a "rigorous" study of the annuity market, particularly focusing on the "possible exploitative pricing of ‘rollover' annuities sold by insurance...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.