Legal & General (L&G) will no longer report to shareholders on a quarterly basis, after a landmark decision removed the requirement for interim reporting.
The insurer's decision follows the removal last November of regulation requiring companies to issue interim management statements, a move that was widely welcomed. Quarterly reports have long been criticised...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter