Margaret Ferrier, an independent MP, is sponsoring a private member’s Bill that aims to amend and clarify existing GMP conversion legislation. Ferrier, MP for Rutherglen and Hamilton West says her motivation for...
Phoenix Group has become the first UK insurer to join the Partnership for Carbon Accounting Financials (PCAF), a global partnership of financial institutions developing a harmonised approach to assessing and disclosing greenhouse...
The Pension Regulator has taken action to improve the funding of healthcare company Sanofi’s defined benefit pension scheme. The French-based multinational company, which has been involved in Covid vaccine trails, was warned...
Aegon has launched a financial wellbeing tool for employers to help employees understand the role mindset and money play in their financial wellbeing. The tool challenges users to consider key psychological factors that...
TPT Retirement Solutions, the workplace pensions provider with £13bn of assets, has set itself a 2050 net-zero target and has signed up to the Paris Aligned Investment Initiative. The Paris Aligned Investment...
Trustees of pension schemes with assets over £5bn will have to meet new governance requirements from 1 October 2021, with Task force on Climate-related Financial Disclosures (TCFD) reporting required within seven months thereafter....
Only a quarter of pension trustee boards are independently reviewing their scheme’s governance, despite this being proposed in forthcoming regulation from The Pensions Regulator. A report, by Willis Towers Watson suggests the...
The $50trillion cost of climate transition is ‘the biggest commercial opportunity of our time’, said former Bank of England governor Mark Carney, speaking at a Make My Money Matter conference this week....
The challenges for retirees have seldom been greater. Unlike the days when purchasing an annuity was commonplace for defined contribution (DC) savers, and many could rely on a defined benefit (DB) pension for...
The cost of supporting the economy through the coronavirus pandemic is expected to cost the government £280 billion this year. Set against this, the estimated £2.5 billion a year, £17 billion in...
