Towers Watson has launched an off-shore longevity hedging service to give medium-sized schemes direct access to the reinsurance market.
The Longevity Direct service lets schemes cut out the insurers and banks that have traditionally acted as intermediaries by owning a ready-made insurance cell to pass the risk through to the re-insurance...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.