News

Legal & General Investment Management’s (LGIM) defined contribution (DC) pensions business has set out its framework to reach net zero across all auto-enrolment (AE) default investment options and the L&G Master Trust by 2050.

The government has confirmed it will discount GMP conversion as a long-term policy solution for public service pension schemes and make full GMP indexation the permanent solution.

The Financial Conduct Authority (FCA) has published guidance on advising defined benefit (DB) transfers and has reiterated its stance that it is best savers do not transfer out of DB schemes.

An “intrinsically biased” pension system, the gender pay gap, and the disadvantage caused to women’s savings by career breaks is continuing to cause “stark gender disparity” in retirement wealth, Barnett Waddingham says.

XPS is piloting a fully-flexible working policy that allows its 1,300 strong workforce to choose where they work.

Local Pensions Partnership Administration (LPPA) has appointed Civica as its cloud software provider in a five-year deal valued at £3.6m.

Demand in the bulk annuity market is expected to remain high driving total deals to around £30bn this year in line with 2020 results, according to Bloomberg Intelligence (BI).

Professional Pensions rounds up some of the latest tender awards from across the industry.

Sackers has published its fifth ESG and climate change guide to help pension scheme trustees understand and respond to the latest regulatory requirements including the Task Force on Climate-related Financial Disclosures (TCFD).

Asset managers representing $22.8trn (£16.5trn) of assets under management (AUM) have joined the Net Zero Asset Managers initiative, bringing the total number of signatories to 73.