Prudential has signalled its bulk annuity volumes will reduce as new regulatory capital buffers will make it harder to make the business profitable.
Under Solvency II, which came into effect on 1 January, capital requirements for annuities are much higher for insurers than under the previous regime. Speaking at Prudential's investor day on 19 January,...
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.