DB

The Pension Protection Fund levy looks set to reduce during 2021/ 22 according to a consultation paper put out by the organisation.  This paper proposes a reduction in the overall levy to...

Royal London is bidding to take over fellow mutual financial services provider LV= in a deal estimated to be worth in excess af £500m, according to media reports. The tie-up would create...

The new rules, including the ban on contingent charging, in FCA Policy Statement 20/6, come into effect next month and we are already starting to see advisers change their processes and pricing....

The Pension SuperFund has appointed James Pearce as its new chief financial officer. Pearce joins from Just Group where he was director of group finance. In this role he was responsible for...

Up to 1.5m scheme members are still owed backdated payments due to the equalisation of guaranteed minimum payments — and in some cases refunds could be worth up to £25,000. This research...

Broadstone has appointed Christopher Rice as a senior actuarial director in its Bristol office. Rice has over 20 years of experience working with UK pension schemes and joins from Capita where he...

Aon has appointed six of its senior employees to be partners in the global business.  Among those appointed are Tony Britton, who currently leads the strategy for Aon’s UK DC product suits,...

Corporate credit downgrades caused by the Covid crisis present a serious challenge for UK pension funds, according to Axa Investment Managers.  Since the start of the pandemic rating agencies have downgraded more...

Over 50 per cent of pension transfers carried out since the Covid crisis have triggered a scam warning.  This data was compiled for the Work and Pension Select Committe by XPS Pensions...

Almost half of those currently on DB transfers say they are unsure whether they will still be active in this market in a year’s time, according to new research. More stringent regulation...