Pension
Insurance giant sells off several European operations for €830m
It wants to concentrate on countries and business lines where it can ‘create most value’
Vanguard unveils drawdown option for Sipp clients
Service will have no additional charges
Landmark pension equalisation ruling a ‘headache’ for schemes
DB pension transfers from 1990 onwards may require compensation as a result
UK life insurer eyes sale of European business
It has received ‘interest from third parties’ and is looking at its options
Pension withdrawals soared after first lockdown
Financial shocks such as redundancy and furlough were likely contributors to the trend