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...
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.