Rothesay Life has secured a longevity swap with US reinsurer Prudential to cover the members of 93 schemes it has insured.
The deal insurers the longevity risk of 20,000 pensioners and deferred members and covers approximately £1bn of liabilities. Rothesay Life managing director said the deal was an example of the insurer's...
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.