Professional Pensions rounds up some of the latest ESG and climate news from across the industry.
Some 1.7 million workers in their 50s are saving less for retirement due to the pandemic, latest research from Legal & General (L&G) reveals.
Contract-based pension providers could be required to nudge savers to book Pension Wise appointments before accessing their savings.
Aegon UK has acquired Pension Geeks – the business that specialises in connecting people with their finances through innovative engagement techniques, communication and events.
Imagining a future self while working can help improve financial wellbeing in retirement, allowing people to understand what they want their post-working life to look like, says Aegon.
By recognising the importance of mindset, savers can be helped onto a better retirement and financial wellbeing path, says Linda Whorlow.
James Phillips speaks to Aegon Master Trust trustees Ian Pittaway and Helen Parker about their focuses for the coming year.
The countdown to net zero is now well underway, Hope William-Smith take a look at how schemes are aligning with Paris Agreement goals.
The Department for Work and Pensions (DWP) has confirmed that it will increase the general levy pension rates from April 2021 in line with its preferred option.
The industry has provided a predominantly negative response to the confirmation today that the lifetime allowance will be frozen at £1,073,100 until April 2026.
Uber drivers have once again won a legal battle to access to workers’ rights including auto-enrolment (AE) pensions, the minimum wage, and paid holidays.
Aegon Asset Management and Mobius Life have partnered to launch an active beta property fund for UK defined contribution (DC) pension schemes.
Aegon has embedded ESG criteria across its in-house workplace default funds through a partnership with HSBC Global Asset Management.
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
The carbon emissions in Aegon UK’s default pension funds will be slashed in half by 2030 under a longer-term plan to reach a net-zero position by the middle of the century.
Defined contribution (DC) contributions were scaled back by 11% in the second quarter of 2020 as the impact of the pandemic set in, according to the Office for National Statistics (ONS).
Around 5,000 Thermo Fisher Scientific UK pension scheme members have joined Aegon Master Trust, with £120m of assets transferred.
The Aegon Master Trust will move from an affiliate board structure to fully independent, recruiting a further trustee as part of the process.
Opportunities for defined benefit (DB) schemes to pursue investment approaches that help repair the UK’s economy cannot stand in the way of improving member outcomes, Aegon says.
Aegon has launched a digital hub for employers to assist with the roll-out of their new pension scheme to employees.
The £2.3bn withdrawn flexibly from pensions in Q3 represents a 2% year-on-year decrease from monies withdrawn during the same months in 2019, HM Revenue and Customs (HMRC) figures show.
The Department for Work and Pensions’ (DWP) consultation on improving defined contribution (DC) outcomes has garnered support from the industry, but many have warned of potential unintended consequences.
As TPR prepares to kick off its first master trust supervisory cycle, Kate Smith explores how the market has changed and may continue to
The pensions industry has raised some concerns around the Financial Conduct Authority’s (FCA) value for money definitions for workplace pensions.