News

The Pensions and Lifetime Savings Association (PLSA) and the Investment Association (IA) have launched a stewardship steering group to create sustainable value for savers and investors.

Around two-thirds (77%) of Local Government Pension Scheme (LGPS) funds have received a claim relating to historic transfers over the past 12 months, according to Eversheds.

The government has expanded its dormant assets scheme to include pensions and investments, making a total of £880m available to support the UK.

New Pension Schemes Bill powers given to The Pensions Regulator (TPR) to issue contribution notices will not be backdated, pensions and financial inclusion minister Guy Opperman has confirmed in a written parliamentary statement.

Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the December 2020 estimates on the various measures…

Metropolitan Tower Life Insurance Company has announced it completed four longevity reinsurance transactions with Legal & General (L&G) Assurance Society last year.

Schemes need to dynamically and closely monitor the position of their employer covenant and its corporate longevity, ensuring the assessment is not conducted in isolation, the Employer Covenant Practitioners Association (ECPA) says.

Institutional investors with $2.4trn (£1.8trn) in collective assets are calling on HSBC to reduce its exposure to fossil fuels in a resolution coordinated by ShareAction.

The Barclays Bank UK Retirement Fund (Barclays UKRF) has integrated ESG factors and climate risk into a £1.3bn diversified growth fund (DGF) portfolio used for its defined contribution (DC) scheme.

GLIL Infrastructure has raised £500m from two Local Government Pension Scheme (LGPS) pools to fund UK infrastructure investments.