News

Quilter has sold its heritage life and pensions devision, Old Mutual Wealth Life Assurance Ltd, to ReAssure for £425m.

This week's top stories include The Pension Superfund's second deal, and British American Tobacco's £3.4bn buy-in with Pension Insurance Corporation.

Smart Pension's head of policy and communications says Now Pensions' AE index was propaganda but raises the issue of the long-term effect of charges.

Pensions and investment consultancy Mercer has come under fire after taking 10 months to complete a defined benefit (DB) transfer.

An overwhelming majority of smaller schemes are failing to meet all standards of governance and trusteeship, The Pensions Regulator's (TPR) annual defined contribution survey shows.

The British American Tobacco (BAT) UK Pension Fund has completed a £3.4bn buy-in with Pension Insurance Corporation (PIC), the largest buy-in transaction including pensioner and deferred members.

The Pensions Regulator (TPR) is inviting responses from pension trustees and advisers in a consultation on four draft guides to support tougher investment governance rules.

PensionBee has surpassed half a billions pounds in total assets under administration since the firm was founded in 2014.

Local government funds should ditch prescribed governance models and move instead towards an outcomes-based approach with minimum standards, a report has proposed.

Lloyds Banking Group has secured one million new pension customers since the start of 2018, according to its half year results to 30 June.