Investment

Scottish Widows will aim to halve the carbon footprint of its investments by 2030 on the way to achieving net-zero across its entire portfolio of investments by 2050.

The £2.7bn Dyfed Pension Fund will move 15% of its assets into low-carbon equity portfolios in a move to reduce its carbon footprint by screening out fossil fuel and thermal coal exposure.

The government has drawn a line under talk of broad reform of the pension system for higher-paid NHS workers, such as doctors who face high tax charges, opting instead to build on flexibilities introduced last year.

The Pension Protection Fund (PPF) has proposed several changes to its actuarial assumptions under various bases as part of a regular review, suggesting moves that would broadly improve scheme funding.

While the progress of the Pension Schemes Bill is to be celebrated, says John Chilman, it is important to secure further consensus to ensure the best outcomes for open defined benefit (DB) schemes.

The government has opted to proceed with its “deferred choice underpin” (DCU) route for implementing a remedy to the McCloud judgment for public sector workers.

Aegon Asset Management and Mobius Life have partnered to launch an active beta property fund for UK defined contribution (DC) pension schemes.

The health of the UK’s defined benefit (DB) pension schemes has surpassed that of their pre-Covid levels as they continued to recover through final quarter of 2020, Legal & General Investment Management (LGIM) research reveals.

The Staffordshire Pension Fund has reappointed Hymans Robertson to a seven-year contract for investment consultancy services.