Early exit charges for members wanting to access their pot at age 55 will be capped at 5% according to Standard Life.
The Kingfisher Pension Scheme has undergone a £230m medically underwritten buy-in with Legal & General (L&G) in a landmark deal for the bulk annuity market.
Legal and General (L&G) has not followed its competitors to take action on early exit fees, despite agreeing to reduce legacy charges by £1m.
The bulk annuity market had a record final quarter in 2015 as buy-in and buyout deals totalled £5.4bn, according to LCP.
Action must be taken to tackle the increasingly large gap in performance of auto-enrolment (AE) providers, according to a report by ShareAction.
Tesco has appointed Legal & General as its defined contribution (DC) bundled pension provider.
Michael Walker has been appointed principal consultant in Aon Hewitt's risk settlement group.
As the number of small bulk annuity deals have fallen year on year despite overall growth in the market, Kristian Brunt-Seymour explores how small schemes can avoid being squeezed out.
Legal and General Investment Management (LGIM) is boosting its auto-enrolment (AE) proposition for small businesses by offering an end to end solution for companies yet to stage.
The People's Pensions has come out top for service according to research into auto-enrolment providers carried out by Pensions PlayPen.