News

Aviva Investors DC head departs

Cigna leaves UK PMI market

Cigna is leaving the UK domestic market for healthcare trusts and private medical insurance (PMI). Currently, the insurer’s UK Employer Health medical products unit, which will close, offers group PMI schemes and...

Budget bonus for DB schemes

Budget bonus for DB schemes

Increased government borrowing, confirmed in today’s ‘mini’ budget, could have a positive impact on DB schemes according to consultants LCP. This is likely to drive up long-term interest rates and reduce deficits...

Budget changes to pension charge cap

Budget changes to pension charge cap

The new chancellor Kwasi Kwarteng reformed the pension charge cap in his inaugural ‘mini’ Budget, to encourage pension schemes to invest in infrastructure assets and less liquid private markets. Announcing plans to...

Pi Consulting appoints new senior consultant

Smart appoints new senior director

Smart has appointed Eve Read as senior director of strategic delivery. Read will be in charge of the company’s UK proposal team as it adds additional capabilities to the Smart Pension Master...

BoE hikes interest rates to 1.25pc

BoE hikes interest rates – industry reaction

The Bank of England increased its benchmark interest rate by 0.5 per cent to 2.25 per cent following a non-unanimous decision in which three policymakers supported an increase of 0.75 percentage points....

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