Annuity sales surge in 2023: ABI
Annuity sales hit £5.2 billion in 2023, up 46 per cent from the previous year and the biggest since 2014 when pension freedoms were declared. An increase in the number of annuity...
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Canada Life appoints business development director bulks team
Canada Life has appointed Shreyas Sridhar as its new business development director for Bulk Purchase Annuities. Shreyas has spent over 15 years working in financial services, most recently at Legal and General...
DB pension schemes 2024 outlook
2023 was a remarkable year for defined benefit pension schemes. For many schemes and their sponsors, the world has changed: funding conversations are less about how to address deficits but instead focus...
January bond surge swells DB surpluses
Mercer’s latest review of FTSE 350 pension schemes highlights significant increases in bond yields during January 2024. According to Mercer’s study, corporate account funding levels are expected to recover overall and reach...
Standard Life completes £114m buy-in with the Vector Pension Scheme
Standard Life completes £114m buy-in with the Vector Pension Scheme Standard Life, a Phoenix Group company, completed a £114 million bulk purchase annuity transaction that included about 1,800 participants in the Vector...
Finance firms lead in attracting top talent with best benefits
Finance firms are emerging as frontrunners in attracting top talent with superior benefits packages, according to a recent report. The Employee Perks Index, which is conducted by equities management platform Vestd, shows...
Canada Life appoints Dan Crook as interim group protection MD
Canada Life has appointed Dan Crook as its interim MD for group protection. The news comes as managing director of group protection business, and individual protection business Tim Stoves steps down following...
TPT appoints CRM
TPT Retirement Solutions has appointed Marc Cox as its consultant relationship manager. Cox will focus on improving TPT’s market offer, especially by finding and interacting with employee benefit consultants (EBCs), especially those...
DB surpluses see minor dip as funding ratio rises
The aggregate surplus of the 5,050 schemes within the PPF 7800 Index experienced a slight dip as of January 2024, totalling £425.4 billion, down from £428.2 billion at the end of December...
Broadstone appoints investment director
Broadstone has appointed Deon Dreyer to its consulting & actuarial division as an investment director in the investment consulting team in London. Dreyer recently led Ortec Finance’s Climate and ESG business in...
