Most fiduciary managers are using artificial intelligence, but adoption remains focused on lower-risk operational tasks rather than core investment decision-making, according to research from Isio. The consultancy found that 85 per cent...
Only one in three UK pension schemes using fiduciary management currently has independent oversight in place, despite pressure from regulators to introduce this. Both the Pensions Regulators and the Competition & Markets...
Legal & General (L&G) has rejoined the Association of British Insurers (ABI), the UK trade body for the insurance and long‑term savings industry. The company returns after leaving in August 2014, when...
Around 800,000 higher earners are failing to claim pension tax relief they are entitled to with the annual cost running to more than £1bn. According to Freedom of Information data obtained by...
The Government has denied compensation for Women Against State Pension Inequality (WASPI) women for a second time, with secretary of state for Work and Pensions Pat McFadden telling Parliament that the majority...
A coalition of financial services firms has launched Billions 4 Millions, a campaign aiming to reunite UK consumers with lost, forgotten or unclaimed assets. The initiative is led by Gretel, a platform...
HMRC has confirmed it will scrap the retirement savings element as well as removing the need for a withdrawal charge from the Lifetime ISA, with its proposed replacement now designed to support...
The UK faces a serious retirement challenge. Nearly half of working-age people aren’t saving enough for their future1, putting millions at risk of financial insecurity in retirement. While encouraging higher contributions and...
The Net Zero Financial Service Providers Alliance (NZFSPA) will cease as a standalone initiative, with the different groups it covers pursuing their own emission reduction activities independently, or integrating into other working...
L&G has appointed Tim Morris and Philipp Westermann, previously co-managing partners of Proprium Capital Partners (Proprium), as global co-heads of real assets. According to L&G, the appointments strengthen L&G’s asset management leadership...
