Carmaker Aston Martin has completed a £180 million ($239 million) bulk purchase annuity buy-in, securing the pensions of almost 1,600 members, Aviva PLC said Wednesday.
Carmaker Aston Martin has completed a £180 million ($239 million) bulk purchase annuity buy-in, securing the pensions of almost 1,600 members, Aviva PLC said Wednesday.
Insurance broker WTW has partnered with law firm CMS to establish a service aimed at broadening access to a £170 billion ($226 billion) longevity insurance market for smaller pension plans.
Travel company TUI lawfully reduced long-term illness benefits for a group of pilots receiving income protection payments because the changes were made through a collective agreement with their union rather than being imposed unilaterally, an appeals court ruled Wednesday.
U.K. Prime Minister Andy Burnham declined Wednesday to rule out tax hikes to recoup the costs of a new national care service to address problems related to social care in Britain.
Germany's financial markets regulator said Wednesday it will begin actively monitoring whether banks and insurers comply with the European Union's Artificial Intelligence Act, with rule-breakers facing fines of up to €35 million ($39 million).
Seventeen Group has acquired Senate Insurance Brokers of Gibraltar as the U.K. insurance intermediary seeks to expand its presence in the British overseas territory and southern Spain.
