This week’s top stories included an £800m buy-in for the LV= Employee Pension Scheme, while XPS Pensions launched a concierge service for trustees.
The LV= Employee Pension Scheme has agreed a buy-in of around £800m with Phoenix Life after converting an existing longevity swap.
XPS Pensions has launched a service for trustees of defined benefit schemes allowing them to retain full control of investment decision making while delegating implementation.
Nest has set out plans to move its default pension strategy towards a net-zero investment portfolio by 2050, with at least £5.5bn of equities pledged to climate aware strategies.
The Pensions Regulator has decided not to take any action against Bernard Matthews after the food products business used a pre-pack administration to offload its pension scheme in 2016.
The Countrywide Farmers Retirement Benefits has secured a £100m buy-in with Legal & General, insuring members' benefits above Pension Protection Fund compensation levels.
PTL and Law Debenture’s pensions business have both reported growth in revenue and new business.
The Pensions and Lifetime Savings Association (PLSA) has published guidance for trustees on the new requirements to publicly disclose their investment and responsible investment activity.
Coronavirus Blog: HMRC figures show plunging pension freedom withdrawals; Coronavirus crisis adds urgency to sustainable investing agenda
In this live blog, Professional Pensions brings together all the latest news on the industry's response to the coronavirus pandemic, as well as regulatory and legal updates.
The Diversity Project has outlined a new equality target for asset managers with the intention of halving the industry’s gender pay gap by 2030.
The majority (85%) of asset managers believe economic recovery is at least two years away, according to a poll conducted by XPS Pensions.