Big increase in pension funds showing surplus
Nearly two out of five (37 per cent) pension schemes are now in surplus against their funding target, according to Mercer’s 2018 valuation survey. This is an increase on the 2015 survey,...
Investment
Smart Pension appoints chief strategy officer
Darracott joins from Legal & General Investment Management where she worked for 12 years, most recently as head of digital investing. She also led LGIM’s investment into Smart three years ago. In...
Larger providers scoop top ratings in annual pension survey
Aegon, Aviva, Royal London and Scottish Widows have all received gold medal ratings for their workplace pensions. Financial research consultants, F&TRC, have compiled their annual ratings of both workplace pension and auto-enrolment...
TPR fines Salvus Master Trust trustees for failing to invest £1.4m
The Pensions Regulator has fined four trustees of the Salvus Master Trust for failing to invest £1.4m of member funds. The trustees each received the maximum fine of £5,000. The regulator says...
Schroders launches low-cost ESG fund
Schroders has launched a new Sustainable Multi-Factor Equity Fund, designed to meet growing demand for more ESG-focused investment strategies. This is a global fund, benchmarked against the MSCI All Country World Index....
Brexit “secondary risk” to financial security
Financial advisers view Brexit and the current political uncertainty as only secondary risks to people’s long-term financial security. Despite the political and news agenda being dominated by Brexit issues, only 6 per...
Schemes may revise transfer values in light of new FCA rules
New rules from the Financial Conduct Authority on pension transfer values are set to shake up this market, according to industry experts. A joint policy paper from Lane Clark & Peacock and...
Complete our survey and enter our prize draw
What do you want from a workplace savings platform provider? Which product features are important to you? Have your say in our workplace saving research and be entered into a draw for...
ESG “essential” for default pensions say corporate advisers
The survey was conducted among delegates at the Corporate Adviser 2018 Summit. Following a speech by ShareAction’s investor engagement manager Anne-Marie Williams, 57 per cent said it was “essential” that default pension...
UK pensions well-placed to weather Brexit storms
Talking at the Corporate Adviser 2018 Summit, PensionsEurope chief executive Matti Leppala has warned European pension funds may fare worse as a result of Brexit. However he says that the occupational pension...
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Treasury Committee launches Lifetime Isa review
