DB pensions
Retirement | 8 Sep 15
Failed pension transfers rising due to IFA ignorance
The number of pension transfers being rejected by providers is increasing as financial advisers are unaware of the permissions they need to authorise transactions, according to a retirement planning specialist.
Tax & Regulation | 18 Aug 15
Royal London chief criticises ‘ISA-style’ pension tax changes
Phil Loney, chief executive of UK life and pensions company Royal London, has sharply criticised the government’s proposed plans to overhaul the way pension contributions are taxed.
Legal & General boosts profits on funds management growth
British insurer Legal & General boosted net profits by 8% in the first half of 2015 due largely to growth in its international fund management operations and demand from UK firms looking for help with defined benefit pension schemes.
Retirement | 3 Aug 15
Most DB schemes to quote transfer value in pension statements
More than half of UK defined benefit (DB) schemes are planning to quote the transfer value of their members’ pensions on retirement statements, new research has revealed.
Axa UK signs deal to protect DB plan from longevity risk
Axa UK’s group pension scheme has closed a deal with the Reinsurance Group of America (RGA) to cover the longevity risk in its defined benefit pension plan.