pensions

Norwich Union saw UK life and pensions sales tumble by 12% during the first quarter of 2009, it has revealed today.

The Brooks Service Group pension scheme has become the 100th to transfer to the Pension Protection Fund (PPF).

Royal London Group made a £762m loss after tax last year and saw its capital surplus shrink by £1.1bn due to poor investment markets.

Final salary pension schemes experienced the highest five-day volatility on record, with the biggest single day loss of £27bn on Monday, Aon Consulting says.

Scottish Life, the pensions arm of the Royal London Group has rolled out an improved support structure for IFAs based in Northern Island.

Pension specialists Scottish Life has appointed support firm Barrie & Hibbert to help it develop an investment framework to support its Governed Range Investment proposition.

Thousands of IFA firms could go out of business, sell-up or merge by 2013 due to the economic downturn, according to Ernst & Young.

The ABI has appointed Friends Provident CEO, Trevor Matthews, and Brit Insurance CEO, Dane Douteil, to its board.

The Equitable Life fiasco reiterates the importance of impartial advice after customers following sales staff's recommendations are still not guaranteed their money back.

Thousands of public sector pensioners could see their benefits reduced after 30 years of overpayments by Xafinity were revealed by the Liberal Democrats.