Prudential Retirement has reinsured benefits for around 22,500 pensioners, after taking on liabilities from Rothesay Life in their sixth deal together.
The deal will see Prudential take on the longevity risk for around £960m of pension liabilities for eight pension schemes. The agreement follows the two firms' first deal together in 2011, which saw...
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Royal London has announced that group chief executive Phil Loney has decided to stand down by the end of 2019.
Crashing out of the European Union without a deal could cause a 37% increase in the aggregate buyout deficit for defined benefit (DB) schemes, says Cardano.