News

L&G Still Loving That British Steel Pension Scheme

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 […]

Insurance Regulation

FCA Looking to Increase Compensation Rates Under FSCS

Latest thoughts from the FCA on increasing levels of compensation for mis-selling in the past. The Financial Conduct Authority (FCA) has published the feedback it received to its call for input on the framework for […]

Insurance Regulation

FCA Fines Defunct PMC Over Pension Scheme Advice

The FCA has fined Pembrokeshire Mortgage Centre Limited (PMC) (trading as County Financial Consultants) (in liquidation) £2,354,331 for unsuitable advice to consumers to transfer out of the British Steel Pension Scheme (BSPS) and other defined […]

Global insurance trends

Aon Pooled Employer Plan Reaches $1bn Level

Aon plc (NYSE: AON) has announced its pooled employer plan (PEP) has reached $1 billion in U.S. 401(k) assets and commitments since its inception on Jan. 1, 2021. Today, the Aon PEP is the industry leader with more than 40 employers […]

News

MGAM Launches Property Surveyor/EWS1 Scheme

MGAM, an Acrisure partner, SCOR, Aon and the Department for Levelling Up, Housing and Communities (DLUHC), today announce that the new government-backed professional indemnity (PI) insurance scheme for EWS1 assessors is now available for purchase, […]