Axa UK signs deal to protect DB plan from longevity risk
Axa UK’s group pension scheme has closed a deal with the Reinsurance Group of America (RGA) to cover the longevity risk in its defined benefit pension plan.
DB pensions
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Defined benefits pension enquiries soar, says Mercer
Global consultancy firm, Mercer, has seen a 60% increase in the number of people wanting to know the value of their defined benefits (DB) pension scheme, driven by the introduction of the UK pension reforms on 6 April.
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Pension trustees to check adviser credentials on DB transfer advice
Advisers now have to provide pension trustees with details of any transfer advice they give to members of defined benefit pension schemes, according to final guidance by the UK’s pension regulator.
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FCA widens coverage of DB transfer rules
The Financial Conduct Authority (FCA) has announced that all members of UK defined benefit pension schemes must in future receive professional advice before transferring funds to defined contribution (DC) schemes.