The Pensions Management Institute (PMI) has launched its inaugural student essay competition.
The competition - which is being sponsored by ITM - is open to the institute's student members, affiliate student members and anyone registered to sit one of the PMI's qualifications.
The winner will be awarded £500, while the two runners up will win £250. Winning entries will be published in the PMI's Pensions Aspects publication as well as on www.professionalpensions.com.
To take part in the competition, entrants will need to write an essay of 1,200 to 1,500 words answering the question: "The terms 'risk reduction' and 'de-risking' are used frequently in relation to pensions, but usually focus on investment strategy. What other ways can pension schemes reduce risk in the administration, provision and communication of pensions to individuals?"
Entries should be submitted to the PMI's membership team by 11.59pm on 10 May 2019.
The essays will be judges by the student essay competition judging panel and winners will be notified by the end of May.
Further information on the competition can be found on the PMI's website.
This week’s top stories included Aon findings that the number of defined benefit schemes employing a sole trustee model is expected to double by 2025, while Scottish Widows invested £2bn as the inaugural investor in BlackRock’s new climate fund.
Standard Life Aberdeen (SLA) saw its profits fall by a third in its first-half results as revenue fell, but redemptions from its strategies fell to the lowest level since the firm's blockbuster 2017 merger.
Phoenix Group has reported a £36m increase in group operating profit in the first six months of this year, as well as strong cash generation of £433m.
Aviva’s operating profit fell by 11% in the first half of the year as Covid-19 hit business activity, although a growth in bulk annuity sales partially offset the drop.
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