Aviva

The Prudential Insurance Company of America (PICA) has agreed to assume approximately £1bn of pension liabilities from Aviva's bulk annuity business.

Sales in Aviva's bulk purchase annuity business totalled £1.5bn in the first half of 2018, its half-year results have revealed.

With just three months to go before TPR's master trust authorisation regime launches, the watchdog has outlined further details of its expectations. James Phillips reports

Aviva has announced a raft of changes to its independent governance committee (IGC) in a bid to make the body fully independent and also include member representation for the first time.

Six out of nine automatic enrolment (AE) providers have no policy to prevent investments in companies that profit from chemical and biological weapons, according to analysis by ShareAction.

Kirsty Cooper has been appointed the insurance and pensions champion for the government's expanded dormant assets scheme.

The Marks and Spencer (M&S) Pension Scheme has insured around 15% of its pensioner liabilities through two bulk annuity insurance policies with Aviva and Phoenix Group.

Low income earners in the majority of master trusts are missing out on tax relief on their retirement savings due to a legislative technicality, according to research.

A third round of IGC reports show most have lowered charges, but transaction costs remain hard to pin down. Kim Kaveh looks at the key findings.

Edward Levy has been appointed as a trustee director at Law Debenture in a bid to expand its trustee team.