News

Guinness Peat Group (GPG) is set to spend around £18m on legal advice and fees over a two-year period, in its defence against action by The Pensions Regulator (TPR).

Aviva has confirmed it is to buy rival insurer Friends Life in a deal worth £5.6bn which will create a combined business with 16 million customers.

The majority of multinational organisations do not believe their global mobility programmes deliver value for money, according a report from PwC.

MyCSP has blamed a backlog of 47,000 member enquiries inherited from Capita when it took administration in-house for delayed payments to members.

Schemes may have to revisit their approach to giving members in ill-health early access to their pensions after a decision by the Pensions Ombudsman.

Pension schemes are targeting overambitious returns that could jeopardise their deficit reduction plans, according to a survey by Create Consultancy.

The total value of annual bulk annuity deals is predicted to reach a "new normal" of over £10bn after volumes doubled within two years, according to LCP.

CTL Engineering has secured a buyout of its pension scheme that has allowed the manufacturing firm to be sold.

The Confederation of British Industry (CBI) is urging the government to cut employee national insurance contributions (NICs) and provide more free childcare places.

Proposals to improve DC governance are passing the buck to trustees