Deal structured as insurance arrangement between scheme trustee and Zurich UK
Transaction transfers longevity risk for around 7,000 members to Zurich UK and PFI
Scottish Widows’ independent governance committee (IGC) has published its annual chairman’s report – giving the provider a good value for money rating for its modern products but suggesting improvements, particularly for the firm’s legacy offerings.
Lloyds Banking Group has secured one million new pension customers since the start of 2018, according to its half year results to 30 June.