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(From Financial Mail)
Byline: Stephen Cranston
Retirement annuities LONGING FOR CERTAINTY Every week the reputation of the life industry continues to deteriorate. That's the admission from Mike Jackson, new chairman of the Life Offices Association (LOA), umbrella body for the life industry. Jackson is CEO of PPS Insurance, insurance arm of the Professional Provident Society (PPS).
He says that while it might seem the life industry has not been proactive, the main life offices have been talking to the national treasury to find a way out of the current situation, in which it is weekly facing a barrage of new rulings from pension funds adjudicator …