News

More than £1.75bn has been wiped from the pension funds of councils across the UK after three years of crashing oil investments, research shows.

Lady Tina Green has agreed to pay a £50m deficit recovery contribution (DRC) to Arcadia’s pension schemes earlier than scheduled.

Phoenix Group has committed to its operations being net-zero by 2025, and its investment portfolio being net-zero by 2050.

Aviva Investors’ fully ESG-integrated ‘My Future Focus’ investment strategy has been adopted by the Aviva Master Trust as its standard default.

Another week-on-week increase in the number of deaths with Covid-19 mentioned on the death certificate has brought total excess deaths since the beginning of the second wave to 5,000.

Smart has launched a retirement product in a bid to help guide members and bridge the advice gap.

Scheme funding in the defined benefit (DB) universe has worsened, but the Pension Protection Fund (PPF) remains confident it can tackle the challenges ahead, it says as it launches its 2020 Purple Book.

The Court of Appeal has overturned a High Court ruling which blocked the transfer of a £12bn annuity book from Prudential, now M&G, to Rothesay.

Debenhams’ pension schemes are continuing in Pension Protection Fund (PPF) assessment after administrators failed to rescue the company from collapse.

Capita has sold its employee benefits business to Benefex following a strategic review.