L&G

Legal and General (L&G) director of mergers and acquisitions and strategy Wadham Downing is to step down from his role at the end of the year.

PP looks at the complex set of deals that allowed TRW Automotive to shed more than £2.6bn in liabilities

Top stories on PP this week have included a potential £2bn windfall for sponsors, a complex £2.5bn buyout, a government U-turn on freedom and choice and calls for a drawdown fee cap. Here's what you might have missed.

The TRW Pension Scheme has secured a £2.5bn pensioner buyout with Legal & General (L&G) after a year-long liability management project involving pension increase exchange (PIE) and enhanced transfer value (ETV) exercises.

The UK bulk annuity market exceeded £8.5bn in the first three quarters of 2014, making this year already the busiest on record, according to figures published today.

Our top stories this week covered concerns over a drawdown capacity crunch and fines for savers who take advantage of DC ‘freedom and choice', a pension scam crackdown and a slap on the wrist for L&G. Here's what you might have missed.

The Financial Ombudsman Service has ordered Legal and General (L&G) to compensate two customers who transferred out of defined benefit schemes following "unsuitable" advice.

Legal & General (L&G) has reported record bulk annuity numbers which it said had "more than offset" a 61% drop in sales of traditional annuity policies since the Budget reforms were announced.

Experts imagined stepping into the shoes of Steve Webb for a day at the NAPF annual conference in Liverpool earlier this month. Natasha Browne heard their big ideas.

Overestimates on populations may have led to schemes overspending on buyouts.