News

The government has scrapped plans to go ahead with an Autumn Budget on 6 November as prime minister Boris Johnson continues to push for a general election before the end of the year.

XPS Pensions Group has published early results for the six months to 30 September, growing revenues 8% as it attempts to return to a “modest” growth rate.

There has been a 30% reduction in the number of small scheme buy-in and buyout transactions, highlighting how insurer attention has shifted towards larger deals.

Asset manager Greencoat Capital has signed an agreement to acquire a Rotherham biomass power plant in an investment on behalf of several pension fund clients.

Automatic enrolment (AE) has helped level the number of women saving into a workplace pension with the number of men, The Pensions Regulator (TPR) has said.

The Financial Reporting Council (FRC) has launched a revised stewardship code – significantly raising its expectations on how money is invested.

Broadstone has acquired Bristol-based BBS Consultants & Actuaries for an undisclosed amount as it continues to expand its actuarial and consulting service.

The total number of mandates in the market rose 10% in the 12 months to June 2019 despite ongoing challenges stemming from the Competition and Markets Authority investigation into fiduciary management markets, KPMG finds.

Aviva Life and Pensions UK has completed a £1.7bn bulk annuity buy-in with the Aviva Staff Pension Scheme.

Manchester Airport Group (MAG) has selected Legal and General (L&G) to run a master trust scheme for its employees after a review of its defined contribution arrangement, PP has learned.