The success of the governments pot follows member pension transfer system will depend on efficiencies and long-term cost management across pensions and investment firms, according to a standard-setting body for eCommerce.
US investment bank Lehman Brothers, which collapsed in 2008 at the peak of the financial crisis, has agreed to pay £184m to nearly 2,500 former employees to end a six-year legal battle with The Pensions Regulator over pension entitlements.
Employers and trustees have been urged by Standard Life to think twice before using new rules allowing pension savers to access their funds through a lump sum as the default option for schemes.
Governments in developing countries have been urged to work with the reinsurance sector to develop plans to deal with the economic instability caused by natural catastrophes.
Insurance losses from global catastrophes stood at $21bn in the first six months of this year, around $4bn lower than the same period in 2013, a preliminary estimate from Swiss Re have revealed.
Two-thirds of defined contribution pension schemes are expected to change their default investment strategy within the next 18 months following the host of pension changes announced in this years Budget, a poll has found.
British people are more likely to feel comfortable explaining the offside football rule than they would a pension, life assurance firm Friends Life has claimed.
People turning 65 this year are expected to live another 20 years in retirement, according to an analysis of Office for National Statistics data by Prudential.
The insurance industry could face a £1bn hit from the governments pension fee cap when it comes into effect next year, the chief executive of the mutual Royal London has warned.
