Lloyds Banking Group secured 630,000 new pension customers last year, according to its 2018 annual results.
The customers included people auto-enrolled into the Scottish Widows master trust, which is part of Lloyds, as well as people who had purchased individual annuities, and scheme members that had transferred...
A lost tourist asks a local for directions and gets the reply: “Well, if I were you, I wouldn’t start from here.
UKSIF says scheme trustees are failing to comply with their investment duties around ESG. Hope William-Smith looks at whether they need government intervention to get back on track.
By improving their stewardship activity and collaborating together, schemes can reduce the burden on resources, says Lauren Peacock.
This week’s top stories included The Pensions Regulator’s announcement of new measures around the appointment of professional trustees, and the £3bn Merchant Navy Officers Pension Fund completing a £1.6bn buy-in with Pension Insurance Corporation.
Pension Insurance Corporation (PIC) has raised £750m of new capital from its shareholders to fund a pipeline of new pension risk transfer deals expected to complete in 2020.