New Shariah-compliant and Sukuk fund options for DC members
Verity Trustees has added a Shariah-compliant fixed income fund to its DC self select fund range. It has added the HSBC Sukuk UCTIS ETF to its members fund options, on the advice...
Pensions
SEI Master Trust adds two trustee directors and names new chair
SEI has appointed Chris Roberts and Azka Ali to its master trust board of directors and named Roberts as chair following the retirement of Allan Course. Roberts has 25 years of experience...
L&G appoints CIO of institutional retirement business
L&G has appointed Rob Groves as chief investment officer of its institutional retirement business. Groves joins from Pension Insurance Corporation where he was CIO and an executive committee member. In this new...
PwC limits weight loss drug cover to diabetic employees only amid cost pressures
PwC has limited its GLP-1 medication coverage in the US to diabetic employees, amid rising benefits costs. Employers have been facing tension over whether workplace health benefits should fund weight loss treatment...
Three quarters of employees worry workers not saving enough for retirement
Three quarters (74 per cent) of SME employers worry employees will not save enough for retirement as living costs squeeze disposable income, according to research by People’s Pension. A similar proportion of...
L&G secures FCA approval for targeted support
Legal & General (L&G) has received approval from the Financial Conduct Authority (FCA) to deliver targeted support. This will enable L&G to provide more tailored communications to defined contribution workplace pension members....
Tony Blair Institute calls for scrapping of state pension
Think tank the Tony Blair Institute has proposed replacing the state pension with a ‘Lifespan Fund’ that can be withdrawn from before retirement. The TBI also proposed replacing the triple lock with...
Standard Life promotes Izat to COO of pensions and savings business
Gail Izat has been promoted to chief operating officer for Standard Life’s pensions & savings business. This newly created role follows Standard Life’s acquisition of Aegon UK and Izat will be tasked with...
Two-thirds of workers unaware of salary sacrifice changes: Barnett Waddingham
Almost two third of workers in the UK currently use salary sacrifice - but the majority are unaware this will be restricted from 2029, according to new research. Barnett Waddingham, now part...
Majority receive employer health benefits with one in five accessing them monthly
Around 65 per cent of employees now receive health benefits through their employer, with 20 per cent using them at least once a month, up from 15 per cent last year, according...
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