News

RPMI Railpen has announced plans to internalise its trading desk, which is expected to be operational over the summer.

Lane Clark & Peacock (LCP) has partnered with Legal and General Investment Management (LGIM) to design a climate-tilted index equity strategy.

Life and pensions new business sales at Royal London were 20% lower in 2020 due to the impact of national lockdowns on the UK economy.

This week’s top stories included the chancellor’s freezing of the lifetime allowance in the Spring Budget, along with the industry’s unfavourable response to the move.

The Continuous Mortality Investigation (CMI) has found a lower cohort life expectancy for both men and women in its 2020 table, even after zero-weighting data related to Covid.

The restructuring division of KPMG, including its employer covenant team, will be acquired by H.I.G Europe.

Aviva secured record net flows of £8.5bn into its saving and retirement products in 2020, while bundled workplace assets under management grew by 14% to £81bn, its annual results reveal.

Changes to corporation tax announced in the Spring Budget could see defined benefit (DB) scheme sponsors defer contributions in favour of tax relief, according to Barnett Waddingham.

Chancellor Rishi Sunak has touted potential of offshore wind, carbon capture, freeports, and green finance developments for the UK's green economic recovery, but has left question marks next to energy efficiency and electric infrastructure.

The industry has provided a predominantly negative response to the confirmation today that the lifetime allowance will be frozen at £1,073,100 until April 2026.