News

The London Fund has completed its first close after securing £100m investment from the London Pensions Fund Authority towards its £300m targeted offering.

The Merchant Navy Ratings Pension Fund (MNRPF) has replaced every member of its trustee board following a drawn-out battle with The Pensions Regulator (TPR) to improve governance.

Legal & General Investment Management (LGIM) has launched a climate transition index equity fund for defined benefit and defined contribution investors.

More than half (59%) of schemes support the call for an extension of regulatory easements and flexibilities beyond early 2021, the Pensions and Lifetime Savings Association (PLSA) says.

The trend in overall satisfaction for The Pensions Regulator (TPR) improved over the last six months amid the Covid-19 pandemic, according to the Pensions Management Institute (PMI).

The small pots working group has made a number of recommendations on how to tackle the growth of deferred members with small pension pots within the AE pensions market – urging the government and industry to take action to enable large-scale mass transfers....

Greater diversity in the industry can improve decision-making and help with attracting and retaining talent but few schemes have diversity and inclusion plans in place, Pensions and Lifetime Savings Association (PLSA) research reveals.

More than half of Nest's overall portfolio will be within 'climate aware' strategies from February 2021, it has confirmed.

Defined contribution (DC) savers believe responsible investing is at least as important as returns, with 26% stating they would forego the latter if their fund was invested in an ESG-conscious manner.

The market events of 2020 could lead to a “fresh wave” of benefit reviews by UK companies and subsequent pension schemes closures, Aon says.