A new Mansion House Accord backed by 17 pension firms aims to help DC pension savers by using private markets to boost potential net returns, while strengthening investment in the UK.

Andy Briggs, CEO of Phoenix Group, has become the new president for the Association of British Insurers (ABI) with immediate effect and will hold the role for the next two years. 

Legal & General Retail has reported its annuity sales have reached an all-time high of £2bn so far this year amid industry figures revealing annuity sales jumped 50% year on year in the first half.