Superfund appeal grows among pension professionals
Interest in DB superfunds is rising, with nearly two thirds of pension professionals saying they are more likely to consider them than they were 18 months ago, according to polling by the...
Trustee stories
TPR consults on code for multi-employer CDC
The Pensions Regulator has launched a consultation on its new code of practice for multi-employer CDC schemes. This revised code sets out the authorisation criteria for providers who want to run one...
Aegon boosts private markets allocation in default strategy
Aegon UK is including a more significant allocation to private markets within its second largest workplace default, the Aegon LifePath strategy. This default strategy is used by more than 375,000 pension savers...
Lumera acquires public sector pension consultancy firm
Insuretech firm Lumera will acquire the consultancy firm Acuity for an undisclosed sum. Acuity specialists in complex pensions and workforce reforms for public sector schemes, and has longstanding relationships with both the...
Govt launches consultation on evolving role of trustees
The Government will consult on whether there needs to be greater regulation of trustees, via a new accreditation process and centrally set standards. The consultation is also asking for industry feedback on...
People’s Pension publishes first RI report
The People’s Pension has published its first responsible investment (RI) report, less than a year after ditching State Street Global Advisors (SSGA) as its main asset manager, and hiring Amundi and Invesco...
New Aviva solution enables DB surplus transfer to boost DC benefits
DB trustees will be able to transfer surplus payments into a DC arrangement via a new solution offered through Aviva Master Trust. This new option is aimed at both DB trustees and...
New legislation will allow PECR opt-out for workplace pension providers
The Government will introduce secondary legislation to allow workplace pension providers to side-step current direct marketing rules when recommending retirement solutions under the new targeted support framework. The announcement was made in...
Savers turn to Facebook for retirement advice: People’s Pension
Savers are turning to Facebook groups for retirement guidance, amid confusion about pension options and a lack of engagement with provider tools or guidance services Research by People’s Pension found that many...
WTW to acquire Cushon
WTW has confirmed it will acquire Cushon from NatWest Group for an undisclosed sum. Cushon will run as a separate master trust from WTW’s LifeSight master trust, with the former focused on...
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