Legal & General

Legal & General (L&G) has seen record growth in its annuity business following increase in demand for bulk annuities, according to the group's half yearly report.

Insurers are expected to offer income drawdown for schemes unwilling to offer the full range of retirement income options to members.

The Merchant Navy Officers Pension Fund (MNOPF) has tied up a £1.3bn buyout of its old section that includes a one-off discretionary increase for all members.

Helen Morrissey finds there is still plenty of potential for non-compliance

National Employment Savings Trust (NEST) has reached one million members, double the membership of its closest master trust competitor.

Legal & General (L&G), one of the country's largest annuity providers, has said it expects to see revenues from annuity products fall by three quarters by the end of 2015 following a sweeping reform of the sector.

Legal & General (L&G) pensions strategy director Adrian Boulding has succeeded Railways Pension Trustee Company chief executive Chris Hitchen as chairman of the Pension Quality Mark (PQM).

Today's Budget pension reforms will not irreparably damage the annuity market, says Just Retirement customer insight director, Stephen Lowe.

Naomi Rainey looks at the increase in enforcement activity as AE staging dates ramp up

Insurers say they are struggling to set up independent governance committees (IGCs) for their contract-based schemes and hire suitable candidates due to a limited timeframe.