The Financial Conduct Authority (FCA) is considering whether to force firms to provide clients with an annuity comparator tool after initial trials produced a dramatic increase of consumers shopping around for the best deals.
The regulator will consult later in the year on rules governing the use of the tool, which had pushed up shopping around level from 13% to 40% when tested on consumers in recent months. The FCA had...
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.