Willis Towers Watson's LifeSight is the first defined contribution (DC) master trust to allocate around half of equity investments in the default fund to environmental, social and governance (ESG) strategies.
The ESG allocation, which will be made by the end of this quarter, will be split between two strategies: the MSCI Adaptive Capped ESG Universal Index - which invests in both developed and emerging markets...
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.