Prudential

Prudential has signalled its bulk annuity volumes will reduce as new regulatory capital buffers will make it harder to make the business profitable.

Consumers will save an extra £1bn in pension tax relief this year as more join workplace schemes, according to research from Prudential and unbiased.co.uk.

Lawrence Churchill has been appointed chair-elect of the Pensions Policy Institute (PPI) and will also succeed Michael Pomery as chairman of council.

Mercer has made Martyn Phillips a partner in its UK bulk pensions insurance advisory group.

The Society of Pensions Professionals (SPP) has published two standardised reporting statements to help trustees and independent governance committees (IGCs) comply with recently-introduced governance requirements.

The ICI Pension Fund has completed four buy-ins over the last year to take its total benefits insured past £5bn in a strategy advisers say sets a blueprint for other large schemes.

DB schemes take 'up to three months' to respond

Prudential has topped the Financial Conduct Authority's (FCA) list of the most complained about pension firms, as the number of grievances raised about retirement products jumps 20%.

Prudential UK and Europe has appointed Michael Abramson to lead its bulk annuity business after Andy Reed decided to step down from the role.

Pension transfer requests out of defined benefit (DB) schemes doubled after the relaxation of defined contribution (DC) retirement processes, according to one provider.