All Prudential articles
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NewsM&G completes £286m Northern Bank BPA deal
The transaction is the second with M&G's insurance subsidiary Prudential since it returned to the BPA market.
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NewsBPA boom: Who will be next to enter the market?
M&G’s re-entry into the bulk purchase annuity market takes the number of UK providers to nine, with others expected to follow by the end of the year.
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NewsM&G re-enters bulk annuity purchase market
M&G has announced a £331m buy-in transaction of the M&G Group Pension Scheme (M&GGPS), one of the group’s own pension schemes, as well as a £286m bulk annuity transaction for an external scheme.
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NewsBarclays Bank scheme completes £7bn longevity deal
On the go: The £41.2bn Barclays Bank UK Retirement Fund has reinsured £7bn of liability against longevity risk with an insurance subsidiary of Prudential Financial.
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NewsProviders causing difficulties for savers accessing pensions
On the go: A survey of 2,153 members of consumer group Which? who accessed one or more of their pension pots in the past 24 months found that inflexible pension providers are creating difficulties for savers.
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NewsPensions engagement campaign to launch this autumn
On the go: The first iteration of a new pensions engagement campaign created by the Association of British Insurers and the Pensions and Lifetime Savings Association will run from September to November.
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NewsPrudential empties client’s pension pot in error
On the go: Prudential has come under fire after it accidentally paid out the entirety of a client’s pension pot after only the lump sum amount was requested.
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NewsOmbudsman denies Prudential £50k claim after failed sharing order
A former member of the Ryland Group Pension Scheme will not have to reimburse Prudential after the provider botched the administration of his pension sharing order, the Pensions Ombudsman ruled in March.
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NewsSchemes and providers team up to push pensions engagement
On the go: Around 15 pension providers and schemes representing approximately 41.5mn savers and customers have committed to support a campaign to encourage engagement with pensions.
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NewsPrudential reports itself to regulator over AVC failings
Prudential reported itself last year to the Pensions Regulator, as a perfect storm of IT problems and coronavirus-led disruption pushed customers looking to cash out their additional voluntary contributions into long delays.
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NewsHigh Court gives green light to Pru’s £12bn annuity sale
On the go: The High Court has approved the transfer of £12bn of annuities from Prudential Assurance Company, now M&G, to Rothesay Life after it was previously blocked.
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NewsPension risk transfer activity expected to increase in H2 2021
Data crunch: Although UK pension schemes have shown a reduced appetite for risk transfers so far this year, there could be a rise in the number of buyout and buy-in deals that will be completed during the second half of 2021.
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NewsDerisking trend ramped up at end of 2020
Derisking trend rampedup at end of 2020Data crunch: Derisking continues to be the word of the moment for defined benefit corporate pension schemes, with bulk annuity deals and the pursuit of low-volatility portfolios ramping up in the last quarter of 2020Enterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', 'Helvetica ...
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Court of Appeal gives green light to Pru annuity sale
On the go: The Court of Appeal has overturned a High Court ruling that blocked the transfer of £12bn of annuities from Prudential, now M&G, to Rothesay Life.
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Self-employed back expansion of AE to cover gig economy
On the go: Self-employed workers want government help to save for retirement and would back new laws to expand auto-enrolment or to make saving for retirement compulsory, new research from Prudential shows.
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Millennials want more help with pensions, study shows
Millennials have a responsible attitude to retirement saving, despite pressure to get on the property ladder and pay off student debt, but more than half want more support and information about pensions, a study has found.
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Nearly half of the self-employed do not have a pension
An unhealthy minority of self-employed workers in the UK do not currently save into a pension, according to new research. Nearly a third will depend solely upon the state pension to support them in retirement.
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Bulk annuity volumes break H1 record
On the go: UK pension schemes entered into a record £7.8bn of buy-ins and buyouts in the first half of 2018, as large 'back book' transfers between insurers failed to disrupt the market's capacity.