Centrica initiated a pension increase exchange (PIE) exercise across its defined benefit (DB) pension schemes in 2014.
The British Gas owner announced the move in its latest results published yesterday where it revealed a shocking 35% fall in profits resulting from the drop in oil and gas prices. The PIE offered retired...
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.