Cushon has joined the Association of British Insurers (ABI).
This coincides with the company’s announcement that it has signed the Mansion House Compact, an initiative started by the Chancellor in the summer to increase the proportion of UK pension assets allocated to unlisted stocks.
The Cushon Master Trust disclosed its goal for the primary default fund, which is to cut Scope 1 and 2 carbon emissions by 80 per cent by September 30, 2030, relative to its independently certified baseline for 2022.
Cushon notes the significance of ABI’s collaboration with the government, regulators, and other stakeholders, particularly during a period marked by substantial regulatory changes. The company aims to contribute its expertise in areas such as decarbonisation and private markets to complement the commendable efforts of the ABI.
ABI director of long-term savings Yvonne Braun says: “We’re delighted to welcome Cushon to the ABI and look forward enormously to working closely together.
“From supporting savers with understanding their retirement needs to leveraging private markets to deliver results for savers and help boost economic growth, Cushon’s expertise will be a great addition to our membership.”
Cushon director of policy & research Steve Watson says: “The pensions industry is at a pivotal moment and it’s vital that all major providers combine their voice to ensure change that delivers the best outcomes for savers. Industry bodies such as the ABI are crucial to this.
“Cushon continues to sponsor the joint PLSA/ABI annual Pay Your Pension Some Attention campaign to boost understanding and engagement around pensions. This is a great example of industry bodies and providers coming together to improve pensions.
“Cushon is one of the leading voices in areas including embracing the potential of private markets, decarbonisation and enhancing member engagement and we look forward to adding our expertise in these areas to the vital work the ABI does on behalf of the industry and savers.”
