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DB lifeboat fund in £4bn surplus despite BHS collapse

The Pension Protection Fund has a surplus of £4.1bn, a funding ratio of 116.3 per cent, its annual report shows. The defined benefit lifeboat fund, which is funded by a levy on schemes, had to take on the pension assets and liabilities of failed retailer BHS, which collapsed in the spring. BHS as the largest […]

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L&G to provide annuities for Aegon customers

Aegon customers will be directed to Legal & General for annuity purchases under the terms of a new deal signed by the insurers. Aegon has not been active in the annuity market since 2010 and sold the bulk of its book to specialist provider Rothesay Life earlier this year. L&G will provide annuity quotes for […]

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Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.

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