Aegon

The bulk annuity market looks set to expand from a market dominated by just two companies, to a more competitive sector with at least four new entrants announced in as many months.

Proposals to abolishing contracting-out for defined contribution (DC) pension schemes outlined in yesterday's white paper has caused concern among some sectors of the industry.

The bulk annuities market is to gain two new entrants as AIG has announced it will be joining the UK arena, following closely on the heels of Aegon's confirmation yesterday.

MINISTERS HAVE MADE A last-minute plea to the Financial Services Authority not to go ahead with plans to relax rules on selling personal pensions, laccording to leaked government documents shown to the Guardian.

Lord Turner's proposals for the reform of the State Second Pension (S2P) will accelerate the closure of remaining Defined Benefit (DB) schemes, claims Aegon.

Aegon launching a major advertising campaign to target corporate decision makers, at a time when it is looking into a move into the bulk annuities market.

Scottish Equitable International (SEI) is to replace three of their current offshore bonds with a new offering from early March.

ALMOST TWO fifths of Britons say they have lost faith in the private pension system and say it would take "an act of God or the Government" to make them reconsider investing, according to the Daily Telegraph .

REGULATORS FAILED to prevent fraudsters "systematically plundering" £3m from a company pension, according to an inquiry by Sir Gerald Hosker QC published yesterday, reports the Daily Telegraph .

BRITAIN is being urged by business to use its leadership role as president of the European Union to push for reform and free trade at this week's heads of government summit at Hampton Court, according to this morning's papers.