The ICI Pension Fund has completed a £630m buy-in covering over 4,000 of its members with Scottish Widows.
It is the trustee's eighth bulk annuity transaction since ICI introduced buy-ins into its de-risking strategy in 2013. Around 60% or £6.3bn of the scheme's liabilities has been insured so far and the...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.