L&G

AMNT’s Janice Turner says stewardship needs updating

Legal & General's (L&G) bulk annuity business has entered into a partnership with Club Vita to share longevity data and expertise.

The Schindler Group scheme has agreed a £50m buy-in with Legal & General (L&G) to cover the liabilities relating to its current pensioner members.

The volume of premiums in bulk annuity deals reached a record £3.9bn between July and September, research from LCP shows.

Smiths Group has struck a fourth buy-in for its TI Group Pension Scheme, in a £170m deal with Pension Insurance Corporation (PIC) that takes its total insured liabilities to more than £800m.

Respondents were split over whether Legal and General's (L&G) announcement it was capping default fund charges was an indication that the National Employment Savings Trust (NEST) was helping drive down fees.

Animal care retailer Pets at Home has chosen Legal & General's master trust as its auto-enrolment (AE) provider.

Legal and General (L&G) will cap its charges on the default fund within workplace pension schemes at 50 basis points (bps) from 9 September.

L&G’s Adrian Boulding explains the direction of travel for DC standards

Deficits in the private sector rose in August with smaller-cap listed and unlisted firms mainly to blame, research from JLT Employee Benefits (JLTEB) shows.