Scottish Widows

Scottish Widows will be one of the first providers to bulk switch its workplace pension customers into default funds tailored to freedom and choice.

Early exit charges for members wanting to access their pot at age 55 will be capped at 5% according to Standard Life.

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.

Scottish Widows has announced it will remove all exit fees across its workplace pensions.

Scottish Widows' life and pension sales have risen by 10% since 2014 on the back of £2.8bn from its first two bulk annuity deals.

The intention of the government to increase the scrutiny of master trusts through fresh legislation has been championed by a number of industry players.

Tony Britton (pictured above) has joined Aon's defined contribution (DC) team as head of delegated sales where he is tasked with boosting the profile of the firm's master trust.

As insurers implement new capital buffers that make bulk annuities less profitable, Kristian Brunt-Seymour explores how it will impact the market.

This year saw major changes in the pensions industry. Here's our run down of what happened.