Pension Insurance Corporation (PIC) concluded £5.6bn on bulk annuities in 2020 after recording just over £2.1bn in the second half of the year.
Pension providers need to tackle rampant ‘pension apathy’ by allowing savers to have a greater say in how their investment is used to tackle issues of concern such as climate change, Aviva says.
Hackney Council Pension Fund has set out a timeline to review further decarbonisation of its investments, as it moves towards its commitment to become carbon neutral by 2040.
The Axa UK Group Pension Scheme has agreed a £3bn longevity swap with Hannover Re, insuring the longevity risk of a largely non-pensioner population.
The current situation of cybercrime in the pensions industry is a growing concern, with attacks almost doubling during the Covid-19 pandemic, according to industry experts.
Helping firms 'get ahead' under SFDR
Retirees who are shunning annuities face a huge variety of product options, charges and investment performance when going down the investment pathway route and need to do more to 'look under the bonnet' before making a selection, LCP research finds.
Uber has confirmed it will automatically enrol eligible drivers into a qualifying pension scheme following its Supreme Court defeat last month.
The Pensions Regulator (TPR) has launched a consultation on amalgamating ten of its 15 codes of practice into a single 149-page document.