News

Legal & General (L&G) enjoyed a record quarter for bulk annuity business at the beginning of 2014, writing more than £3bn in new business according to the firm's quarterly results.

Imperial Tobacco has agreed a £65m-a-year recovery plan, to eliminate the deficit of the Imperial Tobacco Pension Fund by March 2028.

The combined deficit of schemes at FTSE 350 firms climbed to £111bn in April as falling bond yields and rising inflation expectations cancelled out stock market gains, says Mercer.

The government has published amendments to the definition of money purchase benefits, which will take effect in early July.

Barnett Waddingham has appointed Julia Turney as head of strategic development in its workplace benefits team.

JLT Employee Benefits (JLT EB) has named Ian Burns as director of investment consulting.

Pensions communications are failing to break down complicated issues for savers, according to research.

Employees who feel cared for are 27% more likely to stay with their current employer for over five years, compared to those who feel adequately or poorly looked after, research finds.

FTSE 100 companies are failing to measure and report on the psychological health of their employees, a Business in the Community (BITC) benchmark reveals.

The Association of Consulting Actuaries (ACA) has appointed KPMG partner David Fairs as chairman.