News

The Cadbury Mondelēz Pension Fund has agreed a £520m buy-in with Rothesay Life, insuring benefits for around 1,900 pensioner members.

UK gross domestic product (GDP) contracted in the second quarter for the first time since 2012, the Office for National Statistics said in its latest report, meaning the UK is only one negative quarter away from a recession.

The government is looking to bring forward legislation to give The Pensions Ombudsman (TPO) additional powers, including an early resolution function, "in due course".

The investment portfolios of consolidators could be more resilient to market shocks than the typical insurer portfolio, latest research by Redington reveals.

Around £17.5bn of buy-ins and buyouts were transacted in the first half of the year as market records continue to tumble.

The government has put forward proposals to review pensions tax relief rules in order to give senior NHS clinicians full flexibility over the amount that they contribute to their pensions.

Phoenix Life has completed a £1.1bn buy-in with its own defined benefit (DB) plan, the PGL Pension Scheme, it has announced.

Analytical services company Camradata has published a white paper investigating defined contribution (DC) investment options and market challenges for investors.

Legal & General (L&G) completed £6.3bn of buy-ins and buyouts in the first six months of the year, with another £923m deal completed in July, the firm's half year results confirm.

Five million pension savers could be putting their retirement pots at risk to scammers, The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) warn as part of their latest ScamSmart campaign.