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”.

Older savers are at risk of running out of their defined contribution (DC) pension savings with a third of their retirement still ahead, according to research by The People’s Pension and State Street Global Advisors.

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.

Institutional investors with $2.4trn (£1.8trn) in collective assets are calling on HSBC to reduce its exposure to fossil fuels in a resolution coordinated by ShareAction.

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.

Oil and gas majors are still rewarding executives for fossil fuel growth despite them committing to have net-zero carbon emissions by 2050, as experts urge institutional investors to take action.

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.