Industry

A dozen UK investment consulting firms have established a group aiming to improve sustainable investment practices across the investment industry.

Hedge funds are emerging from disruption caused by the coronavirus pandemic more resilient, adaptable, diverse, efficient, and productive, according to the Alternative Investment Management Association (AIMA).

The Furness Building Society Pensions and Assurance Scheme has successfully transferred to the Enplan Pension Platform, following a competitive tender process.

The Pensions Management Institute (PMI) has reported itself to the Information Commissioner’s Office following a cyber-attack which resulted in hackers gaining access to the names and email addresses of around 1,700 people.

The Universities Superannuation Scheme (USS) has launched a consultation on its 2020 valuation and ‘technical provisions’ laying out options to reduce its expanding deficit.

The total assets under management (AUM) held by the world’s 300 largest pension funds has increased this year to reach $19.5trn (£14.8trn).

Pension scams are not new, but the number of pension scams has soared by 400% since the beginning of the COVID-19 pandemic. Tom Williams asks what is a trustee’s role in protecting members against pension scams?

The government has confirmed the minimum pension age will rise from 55 to 57 by 2028 to coincide with the rise in the state pension age to 67.

This week’s top stories include the Marathon Service Limited Pension and Life Assurance Scheme’s £610m full buy-in with Rothesay Life, while XPS Pensions Group warned mature scheme deficits could double under The Pension Regulator’s ‘fast track’ rules....