Co-op Pace scheme switches to sustainable DC default
The £11bn Co-operative Group Pension Scheme (Pace) has chosen LGIM's future world multi-asset fund as its defined contribution (DC) default, switching £290m of member assets into the strategy.
The scheme said that, as a result of the move, over 90% of Co-op employees' £315m DC assets will be invested in companies and bonds that score heavily when it comes to environmental, social and governance...
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