The BP Pension Fund, one of the largest standalone corporate defined benefit pension schemes in the UK, has completed its first bulk annuity transaction, a buy-in worth £1.6bn with Legal & General.

Brits retiring in 2026 could be withdrawing too much from their pension pots if they stick to an old rule about ‘safe’ limits ...

The transaction was executed by The Prudential Assurance Company Limited, M&G's subsidiary, providing pension solutions to ...

LONDON, March 3 (Reuters) - Brookfield Wealth Solutions (BNT.N), opens new tab is entering the UK pension insurance market, it said on Monday, as the Canadian financial giant looks to tap into strong ...

Income drawdown is a flexible way for those aged 55 and over to access the money in a ‘defined contribution’ pension scheme without using the full pot to buy an annuity to provide an income for life.

Britain's high borrowing costs are giving the Chancellor a headache, but pension savers can turn Rachel Reeves’ misfortune to their advantage by locking in a higher income. The rise in yields on ...

The most serious and urgent issue that needs addressing is the long-term sustainability of the pension system, according to Ben Franklin, deputy chief executive at the International Longevity Centre.

The government's pensions overhaul is said to be in "chaos", with one Labour peer claiming the fiasco could make the PPI saga "look like a children's tea party". A Daily Mail investigation claims the ...

Capital at risk. The value of your investments can go up and down, and you may get back less than you invest. Pension providers enable self-employed workers to build up a pot of money for retirement ...

Data crunch: The volume of bulk annuity transactions edged downwards towards the end of last year, according to new research, although buy-ins and buyout deals rose between Q3 and Q4. In the final ...