LifeSight
UK Pensions Awards 2020 - The Winners
Here they are - the winners of the UK Pensions Awards 2020...
Fujitsu moves DC scheme members to LifeSight master trust
Fujitsu Pension Scheme has moved its defined contribution (DC) members into Willis Towers Watson’s LifeSight master trust, passing on full responsibility for the management of its members’ pension provisions.
Five stories you may have missed this week
This week's top stories included XPS Pensions Group announcing plans to acquire Royal London's corporate pension services division.
Carillion moves 4,100 DC members into LifeSight
Carillion has moved the members of three of its defined contribution (DC) schemes into Willis Towers Watson's master trust, LifeSight.
A collaborative effort: How LifeSight became the first authorised master trust
Kim Kaveh speaks to LifeSight's two leading ladies about its journey to authorisation and achievements thus far.
Exclusive: One third of trustees reconsidering pension offering in light of authorisation
Some 36% of trustees and pension directors are reconsidering the way they offer pension benefits in light of master trust authorisation, according to LifeSight.
Mercer Master Trust applies to TPR as 'tsunami' of last minute submissions expected
Mercer Master Trust has sent off its authorisation application to The Pensions Regulator (TPR) taking the total number of submissions received and awaiting response to 12.
Five stories you may have missed this week
This week's top stories included a Freedom of Information request revealing more than 100,000 savers could face six-figure tax bills as a result of GMP equalisation.
LifeSight becomes first master trust to be authorised by TPR
Willis Towers Watson's LifeSight is the first master trust to be granted authorisation by The Pensions Regulator (TPR).
Majority of master trusts support collaboration to overcome delivery barriers
Some 87% of master trusts support future collaborative efforts to overcome barriers to good service delivery, the Pensions Management Institute (PMI) says.
LifeSight first to apply for master trust authorisation
Willis Towers Watson's master trust LifeSight has become the first to apply for authorisation under The Pensions Regulator's (TPR) new regime.
Exclusive: Blackrock launches multi-asset strategic growth fund
Blackrock has launched a strategic growth fund for defined benefit (DB) and defined contribution (DC) schemes which aims to achieve long-term growth with two-thirds the volatility of equities.
LifeSight to adopt 50% ESG strategy for default fund amid DC 'challenges'
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.
Master trust usage set to double as three quarters of DC schemes review delivery
The number of businesses expecting to have a master trust as their main defined contribution (DC) pension scheme is expected to double over the next three years to 26%, a LifeSight survey reveals.
Master trusts failing low paid earners on pensions tax relief
Low income earners in the majority of master trusts are missing out on tax relief on their retirement savings due to a legislative technicality, according to research.
Nearly 60% of employers fail to personalise pension communications, says research
Most companies are not taking enough action to tackle the significant pensions inertia within their workforce, according to a survey by LifeSight.
LifeSight added to TPR's assurance list
Willis Towers Watson's master trust, LifeSight, has been added to The Pensions Regulator's (TPR) master trust assurance list.
Should AE rate hikes be in line with staging dates?
AE staging dates are spread across seven years, but small businesses will have very little time to prepare for rate increases. James Phillips reports
Now Pensions: Master trust capital adequacy should be £2m minimum
Capital adequacy for master trusts should be set at a minimum of £2m to ensure a robust and innovative market according to Now Pensions.
PLSA awards first Requirement Quality Marks
Xafinity's National Pension Trust, Lifesight and Legal & General (L&G) have been named as the first awardees of the Pensions and Lifetime Savings Association's (PLSA) Retirement Quality Mark (RQM).
LifeSight widens reach with new UK and global leaders
Willis Tower Watson's (WTW) master trust LifeSight has appointed Jo Kite as UK managing director after Fiona Matthews was promoted to global head.
Who has master trust accreditation?
Many master trusts say they have achieved the Master Trust Assurance Framework accreditation yet very few appear on the regulator's official list. Helen Morrissey asks why this is happening
What does the future hold for DC pension governance?
Fiona Matthews looks at the industry’s key governance concerns.
Fifth of schemes not reviewed default strategy after April freedoms
Almost a fifth of schemes have not reviewed their default investment strategy in light of freedom and choice according to Lifesight, the master trust owned by Willis Towers Watson.
