The Financial Ombudsman Service has ordered Legal and General (L&G) to compensate two customers who transferred out of defined benefit schemes following "unsuitable" advice.
Legal & General (L&G) has reported record bulk annuity numbers which it said had "more than offset" a 61% drop in sales of traditional annuity policies since the Budget reforms were announced.
Experts imagined stepping into the shoes of Steve Webb for a day at the NAPF annual conference in Liverpool earlier this month. Natasha Browne heard their big ideas.
Overestimates on populations may have led to schemes overspending on buyouts.
The Uniac Pension Fund, which provides benefits for Unilever workers seconded overseas, has agreed a £129m buy-in with Legal & General (L&G) to cover its pensioner members.
The Ofcom Staff Pension Plan has secured a £50m buy-in with Legal and General (L&G), covering approximately 30 pensioners and 320 deferred members.
Legal and General Investment Management (LGIM) has launched a fiduciary management service alongside a set of funds aimed at schemes targeting a buyout.
The ICI Pension Fund agreed a £3.6bn buy-in earlier this year. Natasha Browne hears from the chief executive about how it went
The industry is panicked by all the reforms unleashed in the Budget 2014, but AE is well under way. This is one area in which it can sit back and rest assured it has done enough to make the initiative work
The Merchant Navy Officers Pension Fund (MNOPF) has consolidated its pension payments to simplify the process for members.