The government's auto-enrolment provider NEST is going tobacco-free across all of its investment portfolios after concluding the asset is a "poor investment" for its eight million members.
The £6bn master trust said the decision was due to key factors including stricter worldwide regulation, increasingly aggressive legal action by governments, and falling global smoking rates. NEST estimated...
The £9bn Merseyside Pension Fund (MPF) has pledged £30m of scheme assets to a private direct lending fund designed to support small businesses and the UK economy.
Pension Insurance Corporation (PIC) has so far racked up £5.8bn of buyouts and buy-ins with defined benefit schemes this year, while reinsuring £7bn of longevity risk, it has revealed.
Just over a third of women claim they do not have a pension plan compared to 17% of men, a Willis Owen survey has found.
Incisive Media - the publisher of Professional Pensions - will turn its logo rainbow to show its support and commitment to LGBT+ equality and inclusion.