Buy-in and buyout pricing could increase due to future capital requirements for insurers holding equity release mortgage assets to back deals. Victoria Ticha looks at what it means for trustees
Just Retirement and Partnership have finalised their merger to become JRP Group which will manage a total of more than £15bn assets.
The number of transfers from defined benefit (DB) to defined contribution (DC) schemes has been lower than expected, according to the Financial Reporting Council (FRC).
Volumes of buy-ins and buy-outs exceeded £11bn for 2015 according to Lane Clark & Peacock (LCP).
Fewer than ten life companies will have conquered the market by 2020
The proposed merger between Just Retirement and Partnership has been put on hold subject to meeting Solvency II requirements and is expected in January.
Senior bankers found guilty of misconduct could face their bonuses being clawed back up to ten years after award following a major stiffening of rules by financial regulators.
The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have published final rules to improve individual accountability in the banking sector, following up laws on variable pay.
The Financial Services Compensation Scheme (FSCS) will soon protect the total value of people's annuities, it has confirmed.