Legal & General (L&G) has increased protection against pension liberation outfits after The Pensions Regulator (TPR) and other bodies highlighted the plight of people taken in by such schemes.
About 12,000 pensioners who hold annuities with Legal & General (L&G) have been left without their regular payouts after a technical blunder.
Insurers have warned against "distracting" the National Employment Savings Trust (NEST) from its original purpose by lifting government-imposed restrictions.
Legal & General (L&G) has reported increased pension assets of £429m in the third quarter as a result of auto-enrolment.
‘Inappropriate' active member discounts (AMDs) could threaten the success of auto-enrolment and must be restricted, Legal & General has warned.
Cofunds is planning to target life companies failing to attain traction in the platform market.
Former Legal & General chief executive Tim Breedon is set to join the board of Barclays as a non-executive director.
Sainsbury's will use its existing Legal & General (L&G) schemes for auto-enrolment, as it becomes one of the first companies to undertake the reform this Monday.