Pension probe seen risky for Resolution and Standard Life
LONDON (Reuters) - Insurers Standard Life and Resolution are most at risk from a British regulatory probe into whether retirees who buy annuities - investment policies that provide a regular income until death - get a fair deal, analysts said.
Consumer confidence picks up in January
LONDON (Reuters) - British consumer morale rose in January when people grew less pessimistic about the year ahead and more willing to undertake major purchases, a survey from researchers GfK NOP showed on Thursday.
UK final salary pension schemes close at record rate
LONDON (Reuters) - UK companies closed final salary-based pension schemes at a record rate last year as funds struggled against rock bottom returns on their staple investments and growing life expectancy, the National Association of Pension Funds (NAPF) said on Monday.