Now Pensions has invested approximately £65m worth of green bonds through its diversified growth fund (DGF).
The master trust's DGF has £545m assets under management (AuM) in total of which 13% (£65m) is invested in green bonds. The new bonds were issued by the German bank KfW, the European Investment Bank...
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The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.