Life and pensions underlying profits at Lloyds Banking Group were down 18% to £461m in the first half of the year, latest results show.
The firm, which includes the Scottish Widows operation, blamed the profit dip on the Department for Work and Pensions (DWP) charge cap proposal, announced in the first quarter of the year. It said its...
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.