The provider says it anticipates workplace schemes needing to have several, possibly three, options within the default arrangement, to accommodate those still wanting an annuity, those wanting to go into drawdown and...
The guide details areas of common ground, and explains how both regulators seek to ensure that member outcomes are not adversely affected by the differences in regulatory regime. TPR executive director for...
This year’s Budget will go down in history not only as a pivotal moment for the pensions industry, but more importantly for the long term savings behaviour of Britons. Chancellor George Osborne’s...
She has questioned the government’s modelling of the extent to which individuals will erode their retirement savings, and says the Budget goes completely against the spirit of the auto-enrolment consensus that has...
The Treasury says the measures are needed in light of the increased attractiveness of transferring to a DC arrangement resulting from the liberalisation of the drawing of benefits announced in the Budget....
Osborne has pledged £20m of government money to work with consumer groups to ensure access to at-retirement advice for all. This requirement will take effect from April 2015. To deliver this, the...
Skandia is predicting a quarter of all annuity sales are at threat as a result of the short term raising of the small pot allowance to £10,000 alone. Partnership Assurance had more...
Chancellor George Osborne said he had taken the step to up the pension market because he wanted to trust pensioners with their money. Life offices and annuity providers have seen their share...
The move is part of a £12.2bn transfer of equity and multi-asset funds from Foreign & Colonial to Schroders that will take effect by the end of the year. The fund has...
The acquisition will see Lorica’s 150 employees and more than 1,000 corporate clients absorbed with the US listed global benefits giant. Aon Risk Solutions chief executive officer, UK Jim Herbert says: “This...
