The funding position of pension schemes improved again last month, according to figures Tuesday from the U.K.'s lifeboat scheme, even as experts warn that the retirement sector could face more market volatility in the coming weeks.
The government has so far been forced to pay back nearly £1 billion ($1.1 billion) to Britons who have been overtaxed for pension withdrawals, according to figures published Thursday, in what analysts said was a "quiet scandal."
More people are accepting lower personal injury settlements through a statutory board in Ireland rather than take their cases to court, official figures revealed Thursday, following a wide-ranging reform program to drive down the cost of insurance.
Prime Minister Liz Truss said on Thursday that she is stepping down after just 44 days in the job, ending a tumultuous few weeks of policy missteps that shook financial markets and opened deep divides within her Conservative party.
A construction company has struck a £13 million ($14.6 million) agreement with Legal & General Assurance Society Ltd. to cover the benefits of all members of its pension scheme, the insurer said Thursday, in a deal led by Shoosmiths LLP.