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The industry has broadly backed proposals to require the largest schemes to publish climate risk disclosures but raised concerns about the workload of implementation as well as how to standardise the methodology used.

The master trust industry is unlikely to breakeven on costs until around 2025, with the big four providers having already spent £1bn on setting up their offerings, research by the Pensions Policy Institute (PPI) finds.

Both open and closed defined benefit (DB) schemes will be given the clarity and flexibility they need under the proposed revision of the funding code, says The Pensions Regulator (TPR).

Nest has completed its plans to rid its investment portfolio of tobacco assets a year earlier than it had anticipated.

The defined contribution (DC) savings of young savers recovered most of their first quarter losses in the following three months, Isio has found.

The collapse of several long-established employers with large defined benefit (DB) schemes could vastly overtake calculations for a £20bn hit to the Pension Protection Fund (PPF), warns Lane Clark & Peacock (LCP).

The government has put forward proposals to require the 100 largest occupational pension schemes – those with £5bn or more in assets and all authorised master trusts – to publish climate risk disclosures by the end of 2022.

European pensions funds’ awareness of, and desire for, action on climate change related investment risk has surged, Mercer says.

While the Covid-19 crisis has made savers realise pensions are important, having immediate access to their funds is now equally important, says Cushon.

Formerly UK-centric Smart will launch in three new territories next year as part of an expansion following the close of its most recent funding round.