News

Prudential has agreed an annuity referral partnership with Hub Financial Solutions as part of the provider's plan to widen the range of products and services available to its customers.

Daniel Booth has been appointed as the first permanent chief investment officer (CIO) of the £46bn Border to Coast Pensions Partnership.

The majority of Pensions Buzz respondents said directors who avoid obligations should be penalised.

Turnaround company Melrose Industries is seeking to insure the benefits of one of the GKN pension schemes it took on when acquiring the aerospace business earlier this year, according to reports.

The UK's 100 largest listed companies saw their combined defined benefit (DB) funding level fall by 80 basis points during August, according to JLT Employee Benefits.

Expanding strategic partnership

The government's National Fraud Initiative (NFI) has saved £144.8m over the past two years by helping detect and prevent occupational pension fraud and overpayments.

This week's top stories included The Pensions Regulator writing to 14 pension schemes, questioning the values they were giving to members seeking to transfer out.

Whitbread has pledged to use proceeds from its proposed £3.9bn sale of Costa Coffee to Coca-Cola to make an additional contribution to its defined benefit (DB) scheme.

Veteran parliamentarian Frank Field has resigned the Labour whip to serve as an independent Labour MP, sparking uncertainty over his role as chair of the Work and Pensions Committee (WPC).