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The Pensions Ombudsman has found in favour of Friends Life after a consumer had complained it misled him about the nature of its treatment of additional voluntary contributions (AVCs).
Aon has reported a 51% increase in total revenue to $2.7bn (£1.7bn) for the third quarter of 2011 compared to the same period of 2010.
Regulation imposed by the FSA is a greater burden and competitive disadvantage on brokers than corporation tax, the British Insurance Brokers’ Association (BIBA) has warned.
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Almost a quarter of UK businesses have not begun planning the implementation of auto-enrolment into workplace pension schemes in time for 2012, Aon Hewitt says.
The deficits of the 200 largest private pension schemes have grown by 50% since 2006, according to Aon Hewitt.
More than a third of European workers would willingly sacrifice some of their pay for greater financial protection in the event of illness or injury, research suggests.
The deficits of the 200 largest private final salary schemes have reached their lowest levels since September 2009, Aon Hewitt says.
The majority of people in the UK do not know what the impact of the switch from linking defined benefit (DB) pension schemes from RPI to CPI, Aon Hewitt says.
Projected annuity incomes have fallen again over the past four weeks due to flagging equity markets.
Pension liabilities for UK private sector final salary pension schemes reached £1.2trn in August.
Projected pension incomes have dropped further over the past month, new data from Aon Consultancy says.
96 per cent of British workers underestimate the true amount that employers spend on employee benefits, according to employee benefits specialists Aon Consulting.
UK combined defined contribution (DC) pension assets fell £18bn in October compared to the previous month, according to Aon Consulting.
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