Zurich has completed a £300m longevity hedge swap with an undisclosed pension scheme of a small firm, marking its fifth such deal in 13 months.
The "named life" deal advised by Mercer reinsured 80% of the longevity hedge through SCOR, while Zurich retained 20%. It means that Zurich has now helped small firms de-risk more than £1bn of pension...
An abrupt change in interest rates "will lead to problems" in the real economy and financial markets, economist Gerard Lyons warns.
The Pensions Regulator (TPR) has banned three people from serving as pension trustees after around £9m was suspected of being scammed from 346 savers.
Over three-quarters of investment managers are male, while over four in ten are white British, according to research by the Diversity Project.
Schemes are increasing their usage of index strategies. Armit Bhambra looks at the four key factors driving this growth