Assets in the UK multi-employer provider DC sector shrank by £14bn in 2022, but the sector added more than 1m new active savers, an increase of 6.7 per cent, according to figures...
The Financial Conduct Authority has censured Lighthouse Advisory Services for the unsuitable advice given to those looking to transfer out of defined benefit pension schemes. These “serious failings” occurred between 2015 and...
Twenty five members of the Net Zero Asset Managers’ Initiative (NZAMI) are potentially misleading clients, according to a green think tank —by having more than $365bn (£295bn) invested in 15 of the...
Aviva has improved its Group Protection online platform Aviva Group Protection Online (AGPOL) to enable intermediaries to self-serve renew Group Protection contracts for up to 250 lives. This update reduces the average...
Pension company Smart has raised a further £76m in its latest funding round. This series E funding has been led by Aquiline Capital Parents and includes investments from Fidelity International, Natixis Investment...
The group risk industry paid out £2.21bn in claims in 2022, a figure that is down by £12.3m on the previous year. Figures from Group Risk Development (Grid) show this is due...
The Financial Reporting Council (FRC) has published a consultation to revise Technical Actuarial Standard 300 (TAS 300) and introduce Technical Actuarial Standard 310 (TAS 310), aimed at ensuring the actuarial standards in relation...
What is driving growth in the cash plan market? Employee health and wellbeing has moved up the corporate agenda since the Covid pandemic. We now see companies across all sectors looking to...
Despite the increase in activity in the risk transfer market, any schemes still have some way to go on their de-risking journey, according to a recent survey by pensions law firm Sackers. ...
A record number of people were received less state pension than they should last year according to the latest figures from the Department of Work and Pensions. Its figures show that state...
