News

Scottish Widows is aiming to boost its sustainability practices by working under a new responsible investment and stewardship framework.

Institutional investors are continuing to flounder after the FTSE 100 opened the week down 8.72%, crashing into technical bear market territory.

Guy Opperman has now served as pensions and financial inclusion minister for 1,000 days in a tenure marked by myriad major changes to the pensions landscape.

Smart Pension is set to take on all members and employers of the Welplan Pensions Master Trust, following its closure last year.

Aon has confirmed it will buy Willis Towers Watson in a $30bn (£23bn) all-share deal, becoming the UK's largest pension consulting firm.

The Pension Insurance Corporation (PIC) boosted its financial investments last year by nearly £10bn to £40.9bn, up from £31.4bn the year prior, according to its full-year results.

Phoenix Group has confirmed the acquisition of rival life insurer ReAssure Group with the deal set for completion in the next six months.

More than two-thirds of the $36trn of assets held by some of the world’s largest asset managers are being managed by responsible investment "laggards" and poor performers, while the industry currently has no stand-out leaders in the space, research shows....

This week’s top stories include the rebrand of KPMG’s former pensions advisory practice, and the Department for Work and Pensions’ announcement that the general levy will rise 10% from 1 April.

The pensions of former staff of collapsed British airline Flybe will not be protected by the Pension Protection Fund (PPF) as it sits outside the lifeboat’s UK jurisdiction.