News

Lane Clark and Peacock (LCP) achieved a record total revenue of £114.9m in the 2018/19 financial year, partly helped by a 15.5% growth in revenues from its defined contribution (DC) business.

The People's Pension, Atlas Master Trust and The Cheviot Trust have been granted authorisation from The Pensions Regulator (TPR), taking the total number of authorised master trusts to 18.

Pension schemes have been warned they may now face a more challenging legal test if they wish to fix drafting errors.

The Greene King Pension Scheme has appointed XPS Pensions as its actuarial and investment adviser following a competitive tender process.

The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".

This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.

NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.

Pension schemes that have not hedged their liabilities could face funding issues as long-dated bond yields have plummeted, industry experts have warned.

Aegon's master trust now manages over £1bn in savers' assets as its overall European life business continues to grow.

More than 8,000 investment fraud reports have been made so far this year, more than double the amount in the same period last year, a Freedom of Information request has revealed.