Global insurance trends

Prudential Closes Risk Transfer Deal with Shell USA

Significant deal in the US for Prudential; Prudential Financial, Inc. (PFI) (NYSE: PRU) closed a pension risk transfer transaction with Shell USA, Inc. for $4.9 billion in pension obligations covering a block of about 21,500 […]

Legal

Former Pension Scheme Trustee Receives Suspended Sentence

The latest case report from the Pensions Regulator; Stephen Smith, 64, of Broughton-in-Furness, Cumbria, a former trustee of the Worthington Employee Pension Top-Up Scheme (WEPTUS) and director of the employer, received a suspended sentence of […]

Insurance Brokers

FCA Bans Two Former Pensions Advisors

Latest from the FCA as the British Steel pensions saga continues; The Financial Conduct Authority (FCA) has banned Nigel Lewis and Susan Jones of West Wales Financial Services Limited (in liquidation) (WWFS) from advising customers […]

Insurance Regulation

Former Pensions Advisor Banned

Latest from the FCA on the British Steel pensions scandal; The Financial Conduct Authority (FCA) has banned Geoffrey Armin from advising customers on pension transfers and pension opt outs, and from holding any senior management […]

Insurance Brokers

Private Pensions Are at A Crossroads

Can private pensions ever compete with public sector funded pensions? Probably not is the brutal answer, as taxpayers cash is always easier to spend on pensions than cash generated from profit margins earned by private […]