As many as ten million pension savers will increase their contributions to take advantage of greater at-retirement flexibility announced in the Budget, according to research.
Trustees of the RetailLink Management Limited pension plan have put in place a deal to buy out the £35m scheme over the next four years.
Prudential has become the latest life company to report severely hit annuity sales in the wake of radical reforms to how people can access their pension.
Legal & General (L&G) enjoyed a record quarter for bulk annuity business at the beginning of 2014, writing more than £3bn in new business according to the firm's quarterly results.
Buy-in prices have fallen by up to 3% as a result of changes announced in last month's Budget, one consultant says.
The ICI Pension Fund trustees have entered into two buy-ins with Legal & General (L&G) and Prudential Retirement Income Services.
Rachel Dalton says providers are targeting tardy employers
The independent project board (IPB) leading the Office of Fair Trading (OFT) review into legacy defined contribution (DC) schemes may struggle to tackle outdated arrangements, industry figures warn.
Pensions Minister Steve Webb has revealed that Department for Work and Pensions (DWP) officials met representatives of leading insurers 27 times over the last four months.
BAE systems has entered into longevity swaps with Legal & General (L&G) covering £1.7bn of liabilities in two of its schemes.