Latest case report from the FCA; The Financial Conduct Authority (FCA) has decided to fine Toni Fox £681,536 and David Price £632,594 for their roles in operating a flawed pension advice process. This risked people receiving unsuitable advice […]
Straight talking from the Editor’s keyboard; Pensions, both State and private, are generally below the EU average in the UK. The exception to this rule is public sector pensions, which are primarily funded by taxation, […]
The Legal & General Group’s Global Pension Risk Transfer (PRT) businesses has released the latest edition of the Global PRT Monitor, which analyses industry trends and market outlooks in the UK and US. In the […]
Latest update from the FCA; The FCA has banned Mark Abley of County Capital Wealth Management Ltd (in liquidation) (CCWM) from providing any advice on pension transfers. Mr Abley will also pay £106,100 to the […]
Not content with climate change related rules on what insurers can, or cannot cover, (new coal, gas, oil etc) activists are now taking court action to try and wrest control of UK pension funds. The […]
Legal & General Assurance Society Limited (“Legal & General”) today announces that it has agreed a fourth and final buy-in policy with the British Steel Pension Scheme (“the Scheme”), totalling £2.7 billion, under which the […]
Here’s the word; The Yorkshire and Clydesdale Bank (YCB) Pension Scheme has announced a longevity swap transaction with Pacific Life Re International Limited (“PL Re”) and Zurich Assurance Ltd (“ZAL”) to manage longevity risk in […]
Legal & General Assurance Society Limited (“Legal & General”) announces that it has agreed a buy-in transaction with the Sleepeezee Retirement Benefits Plan 1975 (“the Plan”), totalling £18 million and securing the benefits of around […]
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