Prudential

Jonathan Mindell and Nick Bushell have been appointed to senior positions at JLT Employee Benefits (JLT EB).

Pensioners are at risk of overspending in their retirement years due to flexibilities allowing them to withdraw straight from their defined contribution (DC) pots, according to Prudential.

Retirement advisory firms expect profits to rise as a result of new pension rules due to be implemented next April, and are already to looking to expand, research finds.

Strong bulk annuity sales have helped plug losses incurred in Prudential's individual annuity business, its half-year results show.

The value of buy-in and buyout deals completed in the first half of the year was four times higher than in the same period last year, research shows.

The Philips Pension Fund has insured a further £300m of pensioner liabilities following on from a £484m buy-in it completed last year.

Pension Insurance Corporation (PIC) has secured £300m of new capital to grow its business by targeting multi-billion pound buy-ins and buyouts.

Higher rate taxpayers who do not pay into a pension scheme are missing out on a collective £225m in tax relief every year, according to data from Prudential.

Prudential has become the latest life company to report severely hit annuity sales in the wake of radical reforms to how people can access their pension.

Prudential has agreed a four-year deal to operate its salary sacrifice car scheme.