DB

DB pension transfer activity increased for the third month in a row in June according to the XPS Transfer Watch Index. This index gives an annualised rate that shows that for every...

Emma Douglas, managing director, workplace savings at Aviva, will become the new chair of the Pensions and Lifetime Savings Association (PLSA). Douglas, who switched from Legal & General Investment Management to Aviva...

The Government recently unveiled plans to crack down on pension scams by proposing a change to the definition of a statutory transfer. We all understand that members have the right to transfer...

Consultancy firm Buck has completed a £50m buyout transaction for the Cambridge-based Ridgeon Group Pension and Life Assurance scheme. This transaction secures benefits for around 230 pensioners and a further 300 deferred...

Hundreds of firms that sponsor DB schemes could face a large increase in pension contributions in the next round of valuations. Modelling by consultants LCP —  based on figures from The Pensions...

Advice firms that use contingent charging have been far more likely to recommend a DB transfer than those using non-contingent fee options, according to new FCA data. LCP obtained this information following...

FTSE 350 DB pension schemes are now beating pre-Covid expectations, with the rebound in financial markets reducing the average time to buyout to around 7 years and 5 months Figures from Barnett...

Aviva has compled a £64m bulk annuity deal with the Givaudan UK pension plan.  Givaudan is a multinational manufacturer based in Switzerland that develops fragrances and tastes for the cosmetic and food...

Treasury officials are looking at changes to pension allowances and tax reliefs in November Budget as a means of raising funds to help pay the Covid bill. According to reports in the...

There has been a 22 per cent increase in NHS staff opting out of the pension scheme over the past year, according to data from Quilter.  It says the numbers opting out...