News

Legal & General (L&G) has seen record growth in its annuity business following increase in demand for bulk annuities, according to the group's half yearly report.

The trustees of the Miki Travel Limited Pension & Assurance Scheme have secured a buyout with Pension Insurance Corporation (PIC).

Glassdoor has launched a benefits review service, allowing job seekers to compare benefits packages and perks at different organisations.

Pension funds are helping to drive transparency in the FX markets as broker-dealers are increasingly incentivised to move to electronic trading.

The cost of implementing the 0.75% charge cap has already overshot expectations from the Department for Work and Pensions (DWP).

LCP research finds employers are looking for different ways to plug deficits

A shift towards collective defined contribution (CDC) schemes is "unlikely" as the trend towards defined contribution (DC) plans continues, LCP says.

An increasing number of FTSE100 firms are seeking alternatives to straight cash funding, with 38 FTSE100 companies disclosing some form of security arrangements in their 2013 accounts, LCP research finds.

If all the FTSE100 companies still using the RPI inflation measure in their pension schemes were to move to using RPIJ, the combined pension deficit could fall by up to £20bn, LCP says.

The funding level of FTSE350 pension schemes tumbled to a four-year low of 83% after deficits grew by £4bn last month.