DB

Scottish Widows has facilitated a £10bn longevity swap which covers three separate pension schemes run by Lloyds Banking Group. This is the second largest deal of its kind in the UK.  The...

Three out of four firms delivering DB transfer advice are giving "potentially harmful" information to pension scheme members, according to the Financial Conduct Authority. These figures were released as part of a...

More than 30 financial advice firms have stopped offering pension transfer advice in just three months because of the cost of professional indemnity cover, according to the Personal Finance Society. The Personal...

Former pension minister Baroness Altmann has described the FCA’s overhaul of the Financial Services Register as a “scammer’s charter”,  accusing it of diminishing consumer protection and making it harder for trustees to...

The new Pension Schemes Bill will be published today, after being introduced to the House of Lords yesterday.  This bill — which was included in the recent Queen’s Speech — contains legislation...

Hymans Robertson has advised on a £800m longevity swap for a FTSE100 pension scheme. Hymans Robertson said that it has negotiated the first “enhanced pass through structure” with Zurich, with the majority...

More than a third (34 per cent) of trustees are taking steps to ensure members get professional financial advice at retirement, according to new research. Pensions consultancy Hymans Robertson says this is...

A fourfold increase in the number of defined benefit bulk buy outs is expected over the next decade, according to latest industry figures. Mercer points out that by the end of this...

Insurers have criticised government plans to address the problems with the taxation of NHS pensions, as a temporary ‘Elastoplast’, which fails to tackle underlying complexities within the pension system.  There has been...

Pensioners barred from inflation protection worth more than £20,000 under the new state pension have won a victory over the Government after the Parliamentary Ombudsman found it guilty of maladministration. The Parliamentary...