Rothesay has acquired the bulk annuity portfolio from Lloyds Banking Group’s Scottish Widows division, marking its sixth venture into in-force annuities. The portfolio, which is estimated to be worth £6bn, includes the...
The Pensions Regulator is undergoing a period of transformation to ensure it remains “fit for the future” according to its chief executive Nausicaa Delfas. In a keynote address at the JP Morgan...
Mercer has boosted its global leadership team with the appointment of Niall O’Sullivan as global solutions chief investment officer. O’Sullivan previously worked for Mercer for more than a decade, previously holding the...
AIG Life’s Smart Health service sees rapid uptake among protection insurance plan holders, with over 100,000 uses since launch, a third of which occurred in 2023. Families use the service to avoid...
The aggregate surplus of the 5,050 schemes in the PPF 7800 Index rose to £442.3bn in February 2024 from £425.4bn in January 2024. This marks an improvement from the £381.4bn surplus recorded...
Over the next ten years, sponsors and participants in defined benefit (DB) pension plans may receive a return of over £100bn, according to Isio. About 40 per cent of schemes might make...
Cushon has appointed Veronica Humble to be its new chief investment officer. Humble joins from Legal and General Investment Management where she was head of DC investment strategy, responsible for investments, product...
The voluntary goal of having at least one board member from an ethnic minority has been exceeded by 96 per cent of FTSE 100 businesses and 60 per cent of FTSE 250...
Barnett Waddingham has appointed Nick Websdell to be a senior risk and resilience consultant for the pensions consultancy. Websdell joins has almost 25 years experience working for the Co-operative Bank and wider...
Pension schemes are rapidly decarbonising — with seven out of 20 leading providers halving emissions in recent years, according to data from Corporate Advisers latest ESG in DC pension report. This sector-wide...
