News

LV= has agreed to sell its remaining pensions and insurance businesses to private equity firm Bain Capital for £530m.

The Barclays Bank UK Retirement Fund has completed a £5bn longevity swap with Reinsurance Group of America (RGA).

Pension administration firm Trafalgar House has launched a pensions technical team to provide clients and members with dedicated specialist resources.

Substantial engagement from pension scheme members on ESG has not been matched by strategic change in defined contribution (DC) schemes, the Association of Consulting Actuaries (ACA) says.

Professional Pensions is holding a webinar on private credit today (14 December) at 2pm.

The Association of Member-Nominated Trustees (AMNT)has called for trustees to take positive action in order to recruit new trustees to scheme boards.

Thirty asset manager have founded and signed up to a new sustainable investment initiative which aims to achieve net-zero portfolios by 2050 or sooner.

Standard Life has expanded its range of responsible investment offerings for pension savers with the introduction of four new funds.

Aon has urged the pensions industry to avoid over-reacting to the impact of Covid-19, as it predicts another huge year for the UK risk settlement industry in 2021.

This week’s top stories include a buy-in from National Grid, a buyout from Aviva, and calls for vital automatic enrolment reforms to support pension savings in a coronavirus-damaged economy.