1 February Corporate Adviser
Independent report recommends pro-rata payments of 22.4 per cent of relative loss, while 100,000 will receive nothing.
Provider reviews bonus rates following boost in with-profits returns.
Director Steve Lowe will represent the enhanced annuities provider on the Pica management board as pressure for reform of the shopping around process continues to mount.
Treasury confirms decision on how to phase in increase contributions will be made in June.