Dalriada Trustees has appointed Minerva Analytics to assess its external asset managers’ ESG, voting and stewardship.
Independent investment manager Invesco will launch two Luxembourg-domiciled buy and maintain funds at UK defined benefit (DB) schemes.
Pension providers need to look for more innovative ways to improve engagement with their employees, according to Aegon.
Legal & General Investment Management (LGIM) has announced a consolidated set of financial results for its subsidiaries for the first half of 2020.
Salvus Master Trust is set to replace the Ascot Lloyd Pension Scheme, which exited the market last year after ten years as master trusts faced tough hurdles to become authorised.
A second employer has been appointed to stabilise the National Institute of Agricultural Botany (NIAB) pension scheme after intervention from The Pensions Regulator (TPR) when trustees failed to agree a valuation in 2015.
The latest update from the Continuous Mortality Investigation (CMI) for week 30 of 2020 shows a sixth successive week of recovering death rates amid the coronavirus pandemic.
The reconciliation and rectification sub-committee of the Guaranteed Minimum Pension Equalisation Working Group (GMPEWG) has published guidance on communicating with members.
The retirement of the Kames Capital brand will be completed nine months after it was announced the specialist investment management business would move to Aegon Asset Management (AAM).
Legal & General (L&G) has agreed a deal with PensionBee that will see its retirement income business provide annuities to the online pension provider’s customers.
Legal & General Investment Management (LGIM) has launched a secure income assets fund for UK defined benefit (DB) pension schemes.
A total of 340,000 people withdrew £2.3bn in flexible payments from their pensions in the second quarter of 2020, according to HM Revenue & Customs (HMRC).
This week’s top stories included an £800m buy-in for the LV= Employee Pension Scheme, while XPS Pensions launched a concierge service for trustees.
The Diversity Project has outlined a new equality target for asset managers with the intention of halving the industry’s gender pay gap by 2030.
A three-pronged Work and Pensions Committee (WPC) inquiry to review the impact of pension freedoms has been welcomed by the industry as pension savers continue to fall victim to sophisticated scams.
Pensions scams will be the key focus in the first part of a Work and Pensions Committee (WPC) inquiry reviewing the impact of the introduction of pension freedoms five years on.
The number of savers opting to withdraw a tax-free lump sum from their pension has dropped more than 53% since the start of the coronavirus pandemic, according to the Association of British Insurers (ABI).
Workplace pension scheme TPT Retirement Solutions has agreed a deal for Charles River Investment Management Solution to manage its multi-asset pension portfolios on a single platform.
Almost all (92%) employers would consider setting up a workplace savings scheme in addition to a pension in light of recent market turmoil caused by Covid-19, Cushon finds.
This week’s top stories included auditor KPMG confirming it is considering reducing pension contributions for 20% of staff amid the ongoing impacts of the coronavirus pandemic. Also, MPs hit out at HM Revenue & Customs over the benefits of pensions tax...
Phoenix Group has completed the acquisition of rival life insurer ReAssure Group first announced last December.
The government must take radical and immediate action to stop small pension pots undermining the success of auto-enrolment (AE), Now Pensions says.
KPMG has begun a consultation on reducing pensions contributions, affecting around 20% of staff if agreed on, Professional Pensions finds.
Access to the pensions savings of three quarters of savers is often restricted for more than a month, PensionBee research finds.
Fewer deaths than might usually be expected at this time of year have been recorded in England and Wales for the fourth consecutive week, according to the Continuous Mortality Index (CMI).
The options for overhauling pensions tax relief outlined in the government’s call for evidence yesterday (21 July) may still be too complicated, the industry says.
The government has admitted it has never provided a “straightforward and proportionate” solution to the challenges in the current pensions tax relief system in a call for evidence this morning (21 July).
Short-term actions are dominating the thinking of many defined contribution (DC) schemes as the coronavirus pandemic continues, Aon research finds.
Almost all (95%) investigations presented to The Pensions Ombudsman (TPO) were completed without needing a determination, following changes to simplify the complaints process.
This week’s top stories included an announcement from The Pensions Regulator at PP Live which confirmed a consultation on changes to its code of practice will open this year, while the Pension Protection Fund revealed a small improvement in defined benefit...
The Pension Schemes Bill will now move for consideration in the House of Commons after it was passed in the House of Lords yesterday (15 July) following a third reading.
Workplace scheme providers’ lack of “new and progressive products” is to blame for continued low engagement with pensions despite the success of auto-enrolment (AE), according to Cushon.
Exclusive: Gresham House targets LGPS schemes with secure income residential social housing strategy
Alternative asset manager Gresham House is set to launch a residential property strategy targeting institutional investors and Local Government Pension Scheme (LGPS) funds.
The pensions industry should expect a busy rest of the year as work on the pensions dashboard begins to ramp up, according to Pensions Dashboard Programme (PDP) principal Chris Curry.
The Pensions Regulator (TPR) will open a consultation on planned changes to its codes of practice by the end of the year.
The Pensions Regulator (TPR) chief executive Charles Counsell has said the regulator will continue its scrutiny of the industry despite the many challenges brought forth from the Covid-19 pandemic.
This week’s top stories included UBS’ completion of a £1.4bn longevity swap with Zurich and Canada Life, while chancellor Rishi Sunak announced the government’s Kickstart Scheme as part of provisions outlined in the Summer Statement.
Pensions Ombudsman Anthony Arter has raised concerns about the increase in pension scam activity during the coronavirus pandemic in a virtual meeting with the Work and Pensions Committee (WPC).
There were 7% less deaths registered in week 26 of 2020 than if death rates had been the same as week 26 in 2019, according to the Continuous Mortality Investigation (CMI).
A lack of steadfast regulation around unbundled defined contribution (DC) schemes makes them a ticking time bomb for firms and members, says Salvus Master Trust.
A majority of industry professionals polled believe greater strides must be made to improve the diversity of the leadership on trustee boards, Professional Pensions finds.
It’s not all gloom and doom say Buzz respondents…
The Tyne & Wear Pension Fund has invested £650m in the Future World index equity fund range in a bid to up its generation of sustainable returns for members.
The Brandsby Agricultural Trading Association (BATA) has agreed a £13m buyout with Legal & General (L&G), securing benefits for all 120 members of the BATA Superannuation Pension Scheme.
One-in-ten defined benefit (DB) schemes have already discussed the option of superfund consolidation as a target endgame while a further 9% are planning to do so shortly, according to Willis Towers Watson (WTW).
Amendments to the Pension Schemes Bill passed by peers in the House of Lords last night will see a wide-ranging suite of reforms for the pensions industry draw another step closer.
The IPC Media Pension Scheme has agreed a £290m buy-in with Rothesay Life, insuring benefits for around 500 pensioner members.
The government’s Money and Pensions Service (Maps) needs to build further on plans announced last week to spearhead industry cooperation initiatives, PP readers say.