The Financial Conduct Authority (FCA) is seeking views on creating a long-term asset fund (LTAF) to give more confidence in investing in illiquid assets.

Professional Pensions rounds up some of the latest ESG and climate news from across the industry.

Brunel Pension Partnership engaged with 881 companies on 3,101 ESG issues over the course of 2020, helping to achieve progress towards targets on carbon saving, water intensity reduction, and gender equality.

Border to Coast Pensions Partnership has invested £575m in private credit as part of a £3bn private markets programme also covering equity and infrastructure assets.

Contract-based pension providers could be required to nudge savers to book Pension Wise appointments before accessing their savings.

Schroders has been appointed as fiduciary manager to the Howard de Walden Estates Limited Retirement Benefits Scheme.

This week’s top stories included the Department for Work and Pensions conceding that chair’s statements do not entirely work, while Isio found that the top 12 professional trustee firms are growing by 14% per annum.

Brunel Pension Partnership has launched a bespoke private debt portfolio with Aksia, with partner funds committing £945m to the pooled vehicle.

The Pension Protection Fund (PPF) has confirmed several changes to its actuarial assumptions under various bases as part of a regular review, broadly improving the lifeboat fund’s view of scheme funding.

The Prudential Insurance Company of America (PICA) has concluded a £6bn longevity reinsurance deal, with Zurich Assurance acting as an intermediary on a pass-through basis.