A pensions provider has sued a group of insurers for failing to indemnify it for payouts to hundreds of investors, asking the court to restore the £35 million ($47 million) annual liability limits of its policies once the sum had been paid out in claims.
A pensions provider has sued a group of insurers for failing to indemnify it for payouts to hundreds of investors, asking the court to restore the £35 million ($47 million) annual liability limits of its policies once the sum had been paid out in claims.
Pension fund managers should be prepared for turmoil in credit markets because of the ongoing conflict in the Middle East, a financial consultancy has warned.
Britain's retirement savings watchdog said on Monday that trustees of defined contribution master trusts should prepare a growth strategy before requirements set out in forthcoming pensions legislation designed to consolidate smaller plans take effect.
A fashion retail entrepreneur cannot sue an insurance broker as part of a wider negligence case against a law firm over the collapse of his fashion brands Jaeger and Aquascutum, with a London judge ruling that he must keep the total number of defendants at 19.
The Association of British Insurers has said the planned framework designed to strengthen oversight of the U.K.'s pension programs should be trialed before any assessments are binding, to prevent errors that might dent credibility.
Italian insurance company Generali said Monday that it has agreed to sell its property and casualty insurance business in Ireland and Northern Ireland to Zurich Insurance Group for €337 million ($390 million) in an all-cash deal.
Retirement savings giant Athora Holding Ltd. said it has raised €3.5 billion ($4 billion) to fund its acquisition of the U.K.'s Pension Insurance Corp. PLC, as it disclosed it had received regulatory approval for the mega-deal.
