Aegon

Aegon has sold a £6bn UK annuity portfolio to Rothesay Life in a bid to focus on expanding its investment platform.

Aegon is reducing or simplifying charges for over 600,000 contributing members of workplace schemes, according to its independent governance committee (IGC).

Budget documents reveal the government is mulling a clampdown on the range of benefits available under salary sacrifice arrangements, writes Kristian Brunt-Seymour.

Action must be taken to tackle the increasingly large gap in performance of auto-enrolment (AE) providers, according to a report by ShareAction.

The top stories this week were Ros Altmann criticising bullying by WASPI supporters and the government forcing trust-based schemes to report on transfer performance.

Rothesay Life has entered into talks to buy Aegon's £8bn ($11.57bn) annuity book according to Sky News.

Some of UK's largest pension schemes and fund managers have called on Anglo American, Glencore and Rio Tinto to be more transparent over climate change risks.

More people are on track with saving for retirement than at any point in the last two years, but the vast majority are still not putting away enough, research finds.

Aegon has overhauled its workplace pension default funds in response to the extra retirement flexibilities introduced in April.

Fulcrum Asset Management has promoted two members of staff, Tim Meggs and Nabeel Abdoula, to partner.