Aviva has announced the launch of an actively managed equity fund it says will invest in the shares of companies across the globe that are actively responding to climate change.

The Financial Conduct Authority (FCA) has published guidance on advising defined benefit (DB) transfers and has reiterated its stance that it is best savers do not transfer out of DB schemes.

An “intrinsically biased” pension system, the gender pay gap, and the disadvantage caused to women’s savings by career breaks is continuing to cause “stark gender disparity” in retirement wealth, Barnett Waddingham says.

Demand in the bulk annuity market is expected to remain high driving total deals to around £30bn this year in line with 2020 results, according to Bloomberg Intelligence (BI).

Professional Pensions rounds up some of the latest tender awards from across the industry.

Asset managers representing $22.8trn (£16.5trn) of assets under management (AUM) have joined the Net Zero Asset Managers initiative, bringing the total number of signatories to 73.

This week’s top stories include the government’s renewed focus on superfunds and Smart Pension’s commitment of £100m to a defined contribution private market default strategy.

The scam ‘epidemic’ across the pensions industry needs better government intervention in the form of a specifically appointed minister, AJ Bell has reiterated.

A climate strategy for The Pensions Regulator (TPR) is set to be announced in the coming weeks which will support trustees as they carry out work to meet the new Task Force on Climate-related Financial Disclosures (TCFD) requirements.

Auto-enrolment (AE) contributions must rise to 12% to put the UK on par with the rest of the Organisation for Economic Co-operation and Development (OECD) countries, The Investing and Saving Alliance (TISA) says.