News

UK local government pension funds held £9.9bn worth of investments in fossil fuel companies in the 2019/20 year despite promoting moves towards greener investing, a freedom of information (FoI) request shows.

Phoenix has bought the Standard Life brand from Standard Life Aberdeen as part of another wide-ranging deal between the two financial giants.

Pension Protection Fund (PPF) chairman Arnold Wagner will step down at the end of his five-year term in July, the lifeboat fund has announced.

Mitchells & Butlers has deferred £13m of deficit recovery contributions (DRCs) after tier four Covid restrictions wreaked havoc across the hospitality sector.

The Association of Consulting Actuaries (ACA) has set out six key reform areas it is calling on the government to address before the end of the current parliament.

British Airways (BA) has deferred deficit recovery contributions (DRCs) totalling £450m following an agreement with trustees after a catastrophic year for the airline industry.

Defined contribution (DC) chair’s statements need a major re-think as part of the Department for Work and Pensions’ five-yearly statutory review on the rules around scheme governance in 2021, LCP says.

HSBC will increase its assets under management on Moody’s Analytics’ defined benefit (DB) software platform, expanding its use from six to 15 countries.

This week’s top stories included the release of new guidance from the GMP Equalisation Working Group, while Zedra acquired pensions executive support provider Inside Pensions.

Uber drivers have once again won a legal battle to access to workers’ rights including auto-enrolment (AE) pensions, the minimum wage, and paid holidays.