Mizuho Capital Markets has offloaded its hybrid pension fund through a transfer exercise and ultimately a buyout with Legal & General (L&G), following a corporate reorganisation.
The scheme with around 190,000 members, had a complex benefits structure whereby individual defined contribution (DC) accounts were underpinned by contracted-out defined benefits (DB). The deal is relatively...
Defined benefit (DB) schemes are not taking advantage of "exceptional" pricing for bulk annuities, with most schemes insured in H1 being repeat buyers, Aon Hewitt has said.
Hymans Robertson has appointed Tom Dunster to lead its equity research team in a newly-created position.
UK households have not stopped saving to go on a debt-fuelled consumer spending spree, according to research from Royal London, despite official figures revealing the savings ratio is at a record-low.
The government has announced it will press ahead with "tough" measures to protect pension savers as figures reveal almost £5m was lost to scammers between January and May this year.