News

Achieving better member outcomes is the top priority for defined contribution (DC) schemes according to Aon's DC Survey.

The Wiggins Teape Pension Scheme has agreed a £400m pensioner buy-in with Scottish Widows in the insurer's first foray into the bulk annuity market.

Willis plans to offer Towers Watson shareholders a £117.75m ($179m) sweetener to head off legal challenges targeting the merger of the two consultants.

The government has proposed simplifying guaranteed annuity rate (GAR) valuations and introducing a statutory requirement for trustees to give risk warnings to members wanting to take advantage of the April freedoms.

The UK Power Networks Pension Scheme has appointed SEI to act as fiduciary manager for its defined benefit (DB) section and investment adviser on its defined contribution arrangements.

Insurers completed bulk annuity transactions of £2.5bn in the third quarter, bringing total benefits insured in 2015 to around £6.9bn.

The Pension Quality Mark (PQM) has made Nigel Stanley and Georgina Stewart non-executive directors to the PQM board.

The proposed merger between Just Retirement and Partnership has been put on hold subject to meeting Solvency II requirements and is expected in January.

Louise Farrand has been hired to replace Nils Johnson as executive director at the Defined Contribution Investment Forum (DCIF)

A former owner of Carrington Wire Limited (CWL) has been banned from acting as a company director after helping the firm's parent company dump its defined benefit (DB) scheme.