UK - Pensions administration systems provider Aquila has acquired competitor Lynx Heywood.
The combined operation will offer technology solutions to more than 200 clients and administer the pensions of 5.5 million pension scheme members.
Aquila joint chief executive David Ackroyd said: “The businesses will continue to operate as discrete entities to ensure continuity for existing clients, while benefiting from the opportunity to share best practice across the whole group.”
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.