UK Insurance News

Who will be responsible for winding up a pension scheme, and how they will go about doing this, will be largely determined by the circumstances under which the employer decides they can no longer contribute to a pension scheme.
If a company is unwilling or unable to continue making contributions to a scheme because it [...]

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Pension schemes have a committee of ‘lay’ trustees who have overall governance responsibility of the scheme. These lay trustees can be appointed by management, or elected by scheme members. So, a committee of lay trustees might include managing directors, financial directors and eminent scheme members.
Importantly, a lay trustee is a trustee in their own time [...]

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The European Court of Justice has ruled that UK insurance companies and pension providers cannot charge different premiums to men and women because of their gender, saying that it is discriminatory to do so. The ruling will lead to higher insurance premiums for women and lower annuity pay outs for men.
The changes will not come [...]

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AEGON Scottish Equitable was acknowledged as Best Pension Service provider in the Moneyfacts 2009  Investment Life and Pension Awards announced this week.
In the same category Standard Life were highly commended for their efforts  and Scottish Life were given a commended status in the awards.
Scottish Widows, part of the Lloyds banking group was awarded the Best [...]

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Aviva has announced the launch of a press and television campaign aimed at those of us contemplating retirement, that urges potential retiree’s to shop around for the best annuity rates rather than just accept figures from their current pension provider.
The Insurance company says that it is possible to boost income by as much as 10% [...]

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