PP looks at research from TPR and the FCA on accessing pension freedoms

The Department for Work and Pensions has updated its assumptions on the impact of auto-enrolment, predicting that nine million extra savers will be brought into the pension system by 2018.

Top stories on PP this week include a £2.4bn longevity swap, old news about the British Coal scheme, and a new work and pensions shadow.

Global concerns weighed on decision

Eight out of ten defined benefit schemes have taken some action to respond to the extra retirement flexibilities for defined contribution retirees introduced in April, research finds.

A 57% slump in individual annuity sales at Just Retirement has been largely offset by a rapid expansion of its buy-in and buyout business, according to the insurer's latest results.

PP talks to Amy Kessler about the booming longevity risk market

Some 147,000 over-55s would face charges of more than 5% if they transferred their pot to take advantage of retirement flexibilities introduced in April, according to the Financial Conduct Authority (FCA).

Universities Superannuation Scheme (USS) Investment Management has made five appointments in its multi-asset allocation team, including Mirko Cardinale who will head the division.

Xafinity has appointed Sankar Mahalingham from Punter Southall as a senior member of its actuarial and wider management team.