A change in the government’s borrowing policy “could boost pension funds” and “save taxpayers billions”, according to Lane Clark & Peacock (LCP).
Lane Clark & Peacock (LCP) has partnered with Legal and General Investment Management (LGIM) to design a climate-tilted index equity strategy.
Spring Budget 2021: Lifetime allowance freeze, flat rate of tax relief and AE review among expectations
The industry has been speculating on what chancellor Rishi Sunak will announce in the Spring Budget, with expectations that freezing the lifetime allowance, the introduction of a flat rate of tax relief, and a review of auto-enrolment (AE) will be among...
The Pensions Administration Standards Association (PASA) has published guidance on the pensions dashboard for UK schemes, trustees and providers detailing how to get ready for the project.
Aviva has pledged to have net-zero carbon emissions across all of its investments by 2040.
Professional Pensions rounds up some of the latest tender awards from across the industry.
Border to Coast Pensions Partnership has invested a further £540m in infrastructure as it continues to provide new investment opportunities for its 11 Local Government Pension Scheme (LGPS) partners.
BT, Ford and M&S schemes granted extension for legal challenge over government's decision to align RPI with CPIH
The trustees of the BT Pension Scheme, Ford Pension Schemes, and the Marks and Spencer Pension Scheme have been granted an extension to consider a legal challenge of the government’s actions following its decision to align the Retail Prices Index (RPI)...
Institutional investors pushing to incorporate diversity, equity and inclusion in private markets portfolios
Institutional investors are pushing to incorporate diversity, equity and inclusion (DEI) and seeking to address imbalances in private markets portfolios, according to a report by Mercer.
UK pension funds are “underprepared” to combat the risks of cybercrime and fraud, according to research by Crowe.
The Pensions Policy Institute (PPI) and Phoenix Group have warned a joint approach is needed across the pensions industry and the government to improve scheme engagement with climate change.
Hurdles remain before dashboard implementation, writes Holly Roach.
Savers are mostly unaware of the steps their workplace pension schemes are taking to tackle and reduce the impact of climate change, according to research by the Pensions and Lifetime Standards Association (PLSA).
The GMP Equalisation Working Group has published further good practice guidance covering the tax issues relating to the equalisation of GMPs.
Scottish Widows Master Trust has expanded its fund range with the launch of five ESG funds, offering greater choice for members looking to invest their pension more sustainably.
Those who could benefit most from Pension Wise guidance are most likely to miss out on it, according to Just Group analysis of Financial Conduct Authority (FCA) research.
Industry praises introduction of long-awaited Pension Schemes Act; notes this is just the first step
The industry has welcomed the introduction of the Pension Schemes Act, with many praising the important changes it introduces for millions of savers in workplace pensions.
Border to Coast Pension Partnership has invested a further £370m in private equity, as it continues to provide new investment opportunities for its 11 Local Government Pension Scheme (LGPS) partners.
Auto-enrolment (AE) remained resilient during the Covid-19 pandemic and in the wake of minimum contribution increases, according to a report by Nest Insight.
PGIM Real Estate has launched a UK affordable housing fund, after raising initial capital of £190m from Northern LGPS and Brunel Pension Partnership.
The defined contribution (DC) market must pay more attention to climate change, according to The Pensions Regulator (TPR).
Smart Pension has committed to net-zero emissions “well ahead of 2050”, and plans to halve its emissions “significantly earlier” than the Paris Climate Agreement deadline of 2030.
More than 60% of pre-retirees supports the Financial Conduct Authority’s (FCA) investment pathways initiative, according to research by Legal and General Investment Management (LGIM).
The Pensions Management Institute (PMI) has launched an expanded mentoring and development programme, following a successful pilot project.
Hymans Robertson has pledged to be lifetime net-zero carbon by 2025, meaning it will offset all its carbon emissions dating back to its formation in 1921.
The Institute and Faculty of Actuaries’ (IFoA) Actuarial Research Centre (ARC) has published a report considering the judgement and decision making by pension trustees.
Aegon has embedded ESG criteria across its in-house workplace default funds through a partnership with HSBC Global Asset Management.
Broadstone has been sold by Livingbridge to Intermediate Capital Group (ICG) for an undisclosed sum.
Fintech workplace savings business Cushon has launched a net-zero pension available now to savers who want to “actively contribute towards slowing climate change”.
The Pensions Regulator’s (TPR) long-term funding approach will put extra financial pressure on UK pension scheme sponsors, according to Aon.
The Pensions Management Institute (PMI) and NextGen have partnered to offer a series of initiatives to “give a voice to the next generation of pension professionals”.
The Pensions and Lifetime Savings Association (PLSA) and the Investment Association (IA) have launched a stewardship steering group to create sustainable value for savers and investors.
The government has expanded its dormant assets scheme to include pensions and investments, making a total of £880m available to support the UK.
New Pension Schemes Bill powers given to The Pensions Regulator (TPR) to issue contribution notices will not be backdated, pensions and financial inclusion minister Guy Opperman has confirmed in a written parliamentary statement.
This week’s top stories included news that buy-in and buyout volumes are set to reach £30-£40bn in 2021, while Pensions Infrastructure Platform owner announced its intention to float on the London Stock Exchange.
The public trust score for the pensions industry is just 4.46 out of ten according to administration firm Trafalgar House’s trust and confidence index.
The Make My Money Matter campaign has launched a satirical pensions film to highlight the environmental impact of pension savings.
The London Fund has completed its first close after securing £100m investment from the London Pensions Fund Authority towards its £300m targeted offering.
Legal & General Investment Management (LGIM) has launched a climate transition index equity fund for defined benefit and defined contribution investors.
The trend in overall satisfaction for The Pensions Regulator (TPR) improved over the last six months amid the Covid-19 pandemic, according to the Pensions Management Institute (PMI).
The Pensions Dashboard Programme (PDP) has published key data standards which will underpin the initial technology used to allow savers to view their pensions.
Pension administration firm Trafalgar House has launched a pensions technical team to provide clients and members with dedicated specialist resources.
Standard Life has expanded its range of responsible investment offerings for pension savers with the introduction of four new funds.
Aon has urged the pensions industry to avoid over-reacting to the impact of Covid-19, as it predicts another huge year for the UK risk settlement industry in 2021.
Nest Insight has outlined a series of opinions from employers trialling its hybrid sidecar savings tool, with most agreeing they “like the concept” but still raising concerns over inertia.
Lane Clarke & Peacock (LCP) has warned that an “unwelcome year-end headache” is looming following last month’s GMP equalisation ruling, as XPS Pensions Group revealed schemes owe members up to £32,000.