Bulk annuity providers neglect UK Stewardship Code

Insurers make errors on if the code applies to them, despite general ESG progress

James Phillips
clock • 2 min read
Bulk annuity providers neglect UK Stewardship Code

Just two of the UK’s eight bulk annuity providers are signed up to the UK Stewardship Code despite progress in other areas of ESG risk mitigation, says Lane Clark and Peacock (LCP).

The consultancy's biennial report found that just Aviva and Scottish Widows were listed as signatories of the code, with the remaining either considering signing up to it or believing there was no ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Panasonic scheme secures £140m buy-in with M&G

Panasonic scheme secures £140m buy-in with M&G

‘Streamlined’ transaction secures the benefits of around 650 scheme members

Holly Roach
clock 24 March 2026 • 2 min read
Phoenix Medical Supplies scheme secures £30m buy-in with Canada Life

Phoenix Medical Supplies scheme secures £30m buy-in with Canada Life

Full scheme buy-in secures the benefits of over 145 pensioners and 80 deferred members

Holly Roach
clock 23 March 2026 • 2 min read
Exclusive: M&G says BPA with-profits proposition to be 'core' market offering

Exclusive: M&G says BPA with-profits proposition to be 'core' market offering

Kerrigan Procter says insurer expects to transact £3bn-£4bn of BPA volumes by 2027

Martin Richmond
clock 23 March 2026 • 2 min read
Trustpilot