LCP

PP speaks to trustees and consultants about the liquidity squeeze and what could happen next

LCP warns of member ‘shock’ at scale of decline in pot values in pre-retirement phase

Overall, today’s statement will lead to an improvement in DB scheme funding

Trustees urged to evaluate the sponsoring employer’s financial position

The buy-in is the second between PIC and the plan, covering its remaining liabilities

A benchmark annuity will now provide an extra £36,220 income over a 20-year period

Improved DB funding and rising interest rates increased bulk annuity deals by 50% in H1

DWP urged to boost collaboration and stability to ensure legislation is accomplished

A ‘flex first, fix later’ product would seek to achieve the best of both worlds for retirees

New research paper highlights the benefits and drawbacks of consolidation