News

Members of Phoenix’s defined contribution (DC) master trust will be allowed to access their pension savings via in-scheme drawdown.

The GMP Equalisation Working Group (GMPEWG) has published guidance on the key data aspects involved in equalising for the sex based inequalities of GMPs.

The Pensions Regulator (TPR) will open a consultation on planned changes to its codes of practice by the end of the year.

The Pensions Regulator (TPR) chief executive Charles Counsell has said the regulator will continue its scrutiny of the industry despite the many challenges brought forth from the Covid-19 pandemic.

The Diversity Project has launched a compendium to enable the investment and savings industry to accelerate its diversity and inclusion agenda.

Neil Woodford has taken on an advisory role with specialist asset manager Juno Capital as he looks to return to the investment industry, according to reports.

The Pension Protection Fund (PPF) has announced a 90-day interest-free extension to levy payments for employers struggling due to the Covid-19 economic crisis.

Foresight Group has announced plans to acquire the £700m Pension Infrastructure Platform (PIP) from a consortium of pension funds and the Pensions and Lifetime Savings Association (PLSA).

This week’s top stories included UBS’ completion of a £1.4bn longevity swap with Zurich and Canada Life, while chancellor Rishi Sunak announced the government’s Kickstart Scheme as part of provisions outlined in the Summer Statement.

A majority (51%) of investors have replaced active mutual funds with ETFs in their portfolios, citing liquidity and total cost of ownership as the most important criteria when selecting the passive products, according to the inaugural TrackInsight Global...