Willis Towers Watson

Two consultancies predict a further acceleration in the bulk annuity market in 2019. Kim Kaveh looks at what schemes should consider.

Capping the pension tax-free lump sum at £40,000 would raise £2bn a year for the government, new research by the Resolution Foundation suggests.

The £50m Crystal Trust has welcomed 35,000 members from The Open Pension Trust, absorbing £33m of members' assets.

The Competition and Markets Authority's (CMA) final report on the investment consultant market has been celebrated as having "real teeth" to produce better outcomes for members.

The bulk annuity market is set to grow to historically high levels in 2019 with £30bn worth of deals expected over the year, according to Willis Towers Watson (WTW).

The number of companies offering employees flexibility in use of pension contributions is set to triple over the next two years, Willis Towers Watson (WTW) says.

Aon, Mercer and Willis Towers Watson have renewed criticism of the Competition and Markets Authority (CMA) over its analysis of the benefits of tendering for fiduciary management contracts.

Willis Towers Watson's master trust LifeSight has become the first to apply for authorisation under The Pensions Regulator's (TPR) new regime.

Blackrock has launched a strategic growth fund for defined benefit (DB) and defined contribution (DC) schemes which aims to achieve long-term growth with two-thirds the volatility of equities.

Willis Towers Watson's LifeSight is the first defined contribution (DC) master trust to allocate around half of equity investments in the default fund to environmental, social and governance (ESG) strategies.