News

This week's top stories included The Insolvency Service disqualifying four trustee directors who were found to have mismanaged members' pension funds.

Nearly half of UK employees surveyed did not take a sick day in 2017.

Rothesay Life has purchased an £860m portfolio of equity release loans as the Prudential Regulation Authority (PRA) is due to end its consultation on insurers' use of the asset to back business.

Chancellor of the Exchequer Philip Hammond has confirmed he will deliver the government's annual budget on 29 October.

Manchester-based audio branding agency PHMG has added 'wedding leave' and 'proud parent leave' to its benefits package.

Equiniti has bought the Cabinet Office's 24% stake in MyCSP and extended its contract to administer the Civil Service pension schemes until the end of 2021.

Some 38% of pension schemes say high management fees are an obstacle to investing in hedge funds, research from the Asset Management Exchange (AMX) has found.

Canada Life has signed a £351m bulk annuity contract insuring the pensioner liabilities of 2,510 members and dependents in the AA UK Pension Scheme.

The Insolvency Service has disqualified four directors of trustee firms from running companies for a total of 34 years following an investigation.

Errors in the Competition and Markets Authority's (CMA) data analysis make its provisional decision on the investment consultants market investigation "flawed", and lacks an "adequate evidential basis" to impose remedies, Mercer has said.