TPR says new buyout companies not ready yet

The Regulator says some of the solutions put forward by new entrants to the market currently dominated by Prudential and Legal & General have been more focused on offering solutions for the larger FTSE 100 companies, than small and medium sized enterprises. New entrants to the bulk annuity market include specially set up companies such as Synesis Life and Paternoster, while existing insurance companies Aegon and AIG Life have also expressed their intent to move into this area. But the Pensions Regulator says while companies it is talking to are at various stages in their thinking, it sa...