News

The funding of DB schemes continues to improve, with the aggregate surplus of the 5,050 schemes in the PPF 7800 index rising in March.  In total this surplus stood at £455.5bn at...

XPS Pensions Group has expressed concerns about Government’s plans to use the Pension Protection Fund (PPF) to act as a public consolidator for DB schemes. The pensions consultancy said it found proposals...

Aviva has completed the acquisition of AIG’s protection business for £453m. The deal, announced in September last year, sees Aviva purchase AIG Life from Corebridge Financial, a subsidiary of the US-based insurance...

Pension administrators Cartwright has expanded its team with the appointment of Gertrude Sheta to the new role of GMPe project specialist. Cartwright specialises in DB and hybrid schemes and said this appointment...

How tech can help to outsmart scammers trying to steal people’s money, pensions and identities The tactics would-be scammers use to try to get hold of people’s money and pension savings are...

Former Smart Pension platform strategy director Martin Freeman has launched Pensio, an independent pensions technology consultancy. In a LinkedIn post, Freeman said: “I want to use my soberingly long experience in the...

Standard Life’s parent company Phoenix is reported to be launching a new ‘superfund’ later this year, investing in unlisted assets in the UK and overseas. The Telegraph is reporting that this fund...

People's Partnership is calling for a ban on pension-switching incentives due to their tendency to prevent pension holders from reading the small print. According to new research from People’s Partnership, cash incentives make...

PIB Employee Benefits has acquired benefits platform YouatWork for an undisclosed sum.  PIB Employee Benefits says this aquisition will enable it to expand its product portfolio, and marks a significant chapter in...

HM Revenue & Customs (HMRC) is advising certain pension holders to delay benefit withdrawals or transfers until the right measures are in place for the planned abolition of the Lifetime Allowance (LTA),...