Prudential

Pension transfer requests out of defined benefit (DB) schemes doubled after the relaxation of defined contribution (DC) retirement processes, according to one provider.

Legal and General (L&G) has reinsured longevity risk relating to $2.9bn (£1.9bn) of pension liabilities in its bulk annuity business through Prudential Retirement Insurance and Annuity Company.

A string of mid-sized transactions have made for a record-breaking second quarter in the bulk annuity market, according to data from LCP.

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.

Paul O'Sullivan has been appointed regional development manager for the North by the Pensions Trust.

The Northern Bank Pension Scheme has entered into a £680m buy-in with Prudential, marking the largest bulk annuity deal agreed so far this year.

The former NEST and PPF chairman says IGCs will be very influential

Prudential has launched a set of multi-asset funds for corporate pension schemes and changed its default lifestyle strategies following the April pension freedoms.

The Pensions Ombudsman (PO) Tony King has ordered Prudential to provide a transfer request to a member wishing to move his funds into a newly-created pension scheme.

Prudential has revealed who will join independent chairman Lawrence Churchill on its independent governance committee (IGC).