News

Former pensions minister Stephen Timms has been elected chairman of the influential Work and Pensions Committee (WPC).

The Co-operative Pension Scheme, known as Pace, has completed a £1bn buy-in with Aviva in the first announced bulk annuity deal of 2020.

Investors in the LF Equity Income fund, formerly run by Neil Woodford, will receive between 46p and 59p per unit they hold in the fund for their first capital distribution, Link Fund Solutions has said.

Savers who take an early retirement after becoming ill or sustaining severe injury are being increasingly harshly penalised for breaching pension tax relief limits, according to Royal London.

Defined benefit (DB) pension schemes will be able to predict the outcome of member options exercises using artificial intelligence (AI), says Mercer.

This week’s 102 Pensions Buzz respondents were in agreement that a permanent pensions commission should be formed.

The pension schemes bill has passed its second reading in the House of Lords, despite questions over the breadth of government powers.

Three Lloyds Banking Group pension schemes have transferred £10bn of longevity risk to Pacific Life Re in the second-largest longevity swap ever.

Professional Pensions is pleased to announce the launch of Professional Pensions Live – the new name for Pensions and Benefits UK.

Over 80% of consumers want to know more about which companies their pensions are invested in and more transparent updates on their business activities, according to PensionBee.