Scottish Widows

Three years after Freedom and Choice, many default funds still have not moved away from targeting annuity purchase. This could have unintended investment risks for members, writes Victoria Ticha

Retirement savings of millions of members could be hit with significant losses if pension providers do not step up action on climate risks, according to research.

Aon has appointed Mike Edwards as a partner in its risk settlement team to support the growth of its business offerings in the UK.

Scottish Widows has launched a range four multi-asset funds targeted at those in income drawdown.

Plans to invest more than £3bn in strategic initiatives

This week's top stories included The Pensions Regulator naming schemes and trustees for chair's statements failures, and coverage of the final day of the Box Clever case in the Upper Tribunal.

Scottish Widows and Lloyds Banking Group's (LBG's) wealth businesses have decided to review their asset management arrangements and terminate their partnership arrangements with Standard Life Aberdeen.

Aviva has introduced Origo's bulk transfer service in a bid to speed up processes and further improve data security for schemes.

Scottish Widows has reinsured the longevity risk for around £1.3bn of its bulk annuity liabilities with The Prudential Insurance Company of America (PICA).

Lloyds Banking Group has outsourced the administration, actuarial and documentation services it provides to its Scottish Widows and Clerical Medical final salary pension clients to JLT Benefit Solutions.