News

The Metropolitan Tower Life Insurance Company (MetLife) has reinsured approximately $5bn (£3.6bn) of Rothesay pension liabilities.

Law Debenture posted £11.5m of revenue in its pension business in 2020, growth of 8.3% on the prior year, with its governance service receiving enhanced activity.

The outlook for future longevity in the UK has not necessarily worsened as a result of the coronavirus pandemic, Aon says.

This week’s top stories included a legal challenge over the government’s Retail Prices Index realignment, while British Airwards deferred £450m in deficit recovery contributions.

PGIM Investments has expanded its ESG offering with the launch of a total return UCITS bond fund.

Chancellor Rishi Sunak has plans to freeze the lifetime allowance for the rest of the current parliament in a "stealth tax" on the wealthy, according to reports.

Professional Pensions rounds up some of the latest tender awards from across the industry.

Most reform options for pension tax will leave many savers with smaller pots and cause substantially more costs for schemes and employers, says the Pensions and Lifetime Savings Association (PLSA).

The uncertainty surrounding the potential impact of so-called long Covid and behavioural changes heightens the need for schemes to increase their longevity hedging, says Prudential Financial.

Scottish Widows’ workplace pension assets hit £68bn at the end of 2020, comprising almost half of its total £113bn of open book assets under administration.