Five stories you may have missed this week
This week’s top stories included the launch of the #100blackinterns project, while the Siemens Benefits Scheme agreed a £530m buy-in with Legal & General.
1) L&G, Willis Towers Watson and USS unite behind black graduate intern programme
More than 80 major fund management firms will come together to offer a range of investment internships to black graduates.
2) Siemens completes £530m buy-in with L&G
The Siemens Benefits Scheme has agreed a £530m buy-in with Legal & General, insuring the benefits of more than 2,300 pensioner members.
3) Capita defers £31.7m of DRCs as revenue drops 9%
Capita has deferred a £31.7m deficit recovery contribution due to the Capita Pension and Life Assurance Scheme in June 2020 to the second half of the year.
4) LCP posts record income as DC revenue grow 18%
Lane Clark & Peacock reported record income of £126.5m for the financial year ending 31 March 2020, up 10.1% on last year's figure of £114.9m, also a record at the time.
5) Dalriada records revenue boost after strong 2019/20
Independent professional trustee services provider Dalriada saw a 13.2% increase in revenue for the 12 months to 31 March 2020.
More on Industry
LCP posts record income as DC revenues grow 18%
Lane Clark & Peacock (LCP) reported record income of £126.5m for the financial year ending 31 March 2020, up 10.1% on last year’s figure of £114.9m, also a record at the time.
Dalriada records revenue boost after strong 2019/20
Independent professional trustee services provider Dalriada saw a 13.2% increase in revenue for the 12 months to 31 March 2020.
CMI: Aggregate excess deaths figure remains above 60,000
The Continuous Mortality Investigation (CMI) has labelled statistics which show two months of deaths below 2019 levels as “modest”, warning of high excess figures.
Pension savings and retirement funding remain Covid-19 stress victims
The impact of the coronavirus pandemic on pension savers in Britain is continuing into the second half of the year, heightening worry around funding retirement and saving adequately.
Capita defers £31.7m of DRCs as revenue drops 9%
Capita has deferred a £31.7m deficit recovery contribution (DRC) due to the Capita Pension and Life Assurance Scheme in June 2020 to the second half of the year.
