HSBC ‘planning master trust launch’
HSBC is believed to be on the verge of re-entering the workplace pensions market with the launch of a master trust proposition. The global bank is understood to be recruiting trustees for...
DC
IA to publish data on pension ‘fair pay’
The Investment Association will identify companies who pay higher pension contributions to directors when compared to the rest of their workforce. The IA says that this is a clear corporate governance issue...
Nest overstates its performance by 0.3 per cent
Nest has unintentionally been overstating its annualised investment performance by 0.3 per cent, presenting returns as net when they should have been presented as gross. The error, which the provider has recently...
Simon Chinnery: Tilting at windmills
New rules mean trustees need to take a hard look at the way asset managers tackle environmental, social and governance (ESG) risks says LGIM’s Head of DC Client Solutions Simon Chinnery. What...
Secondary AE switching market up 80pc – Aviva
Service levels, a provider contact, digital capability, price and M&A are the five factors driving an increase in switching that Aviva says has led to a near-doubling of enquiries from employers looking...
Armaments, climate change and voting strategy: ESG in DC Pensions report analyses asset managers
The armaments sector is more likely to be excluded from default funds operating an ESG approach than the fossil fuel sector, according to an indepth report, ESG in DC Pensions, from Corporate...
‘Alternative’ investments could boost DC returns by 10pc: research
New research suggests workplace pensions could boost returns by 10 per cent if they broadened the assets under management to include ‘illiquid alternatives’. This analysis was conducted by JLT Employee Benefits. It recommends...
Ensign selects advisory firm for master trust
Punter Southall Aspire has been appointed by Ensign to provide advice on retirement options to its master trust members. As part of this deal Punter Southall Aspire will offer both generalised retirement...
DWP gives green light to CDC pensions
The Government has confirmed it will legislate to introduce collective defined contribution (CDC) pension schemes. Minister for pensions and financial inclusion Guy Opperman says he will set out detailed proposals within the...
Seven-year jail terms for directors who “recklessly” mis-manage company pensions
Pension experts have given a cautious welcome to new government plans to make it a criminal offence to “recklessly” underfund a workplace pension. The work and pensions secretary Amber Rudd says that...
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