News

The value of UK bulk annuity deals is set to quadruple in the 2020s when compared to this decade, Mercer has predicted.

Private pension wealth has grown to £6.1trn in the last decade up from £3.6trn, Office for National Statistics (ONS) data shows.

Just 23% of blue collar construction workers are saving into a workplace pension, a Freedom of Information (FOI) request by Unite has revealed.

Phoenix Group has laid down a proposal to acquire rival life insurer ReAssure Group in a £3.2bn cash and shares deal.

Pension Insurance Corporation (PIC) has invested £250m in debt issued by the City of London Corporation for a series of development projects in the capital.

This week’s top stories included KPMG selling its UK pensions practice to private equity-backed firm NewCo.

Aggregate spending on defined benefit (DB) pensions has dropped from £19bn to £15bn in 12 months, according to Hymans Robertson.

KPMG has signed a conditional agreement to sell its UK pensions practice to private equity-backed firm NewCo.

The Pensions Regulator’s (TPR) enforcement actions increased by more than a quarter over the last year but the recovery rate against all recoverable debt sat at just 30%, according to law firm Clyde & Co.

IC Select has launched an oversight service to empower trustees to challenge the quality and success of their investment advisers.