News

The government will have to justify proposed changes to the state pension age (SPA) after a Prospect petition secured over 12,000 signatures.

The Abu Dhabi Investment Authority (ADIA) has agreed to acquire up to 21.4% of shares in the Pension Insurance Corporation (PIC) Group from its founding investor J.C. Flowers & Co.

James Edwards has been appointed as a director at BMO Global Asset Management for its UK institutional sales division.

Cohen & Steers has launched a daily-dealing diversified real assets fund specifically targeted for the UK defined contribution (DC) market.

The Department for Work and Pensions (DWP) has launched a consultation on reforming trustees' duties to consider environmental, social and governance (ESG) risks.

Trafalgar House has created a dedicated transition team to help more schemes safely transfer services and deliver an improved service.

This week's top stories include Heathrow Airport's defined benefit plan completing a £325m buy-in with Legal & General, and gig economy workers getting a renewed boost to their right to join a workplace pension.

Punter Southall Aspire has obtained the master trust assurance framework (MAF) accreditation for its Aspire Savings Trust.

Franklin Templeton Investments has named Jennifer Ockwell as its head of UK institutional.

UK pension funds are set to boost their allocations to alternative income assets by more than 50%, according to research by Aviva Investors.