PensionBee has confirmed it has partnered with Legal & General with plans to launch the nation’s first fossil fuel-free fund.
The UK Sustainable Investment and Finance Association (UKSIF) says pension scheme trustees are failing to comply with their investment duties around ESG and need government intervention to get back on track.
Over 80% of consumers want to know more about which companies their pensions are invested in and more transparent updates on their business activities, according to PensionBee.
PensionBee has become the first UK pension provider to adopt simpler annual statements to improve its pension reporting to members and encourage engagement.
PensionBee has teamed up with Money Dashboard to create a joint space for customers to see their pension balance alongside all their other existing finances.