Scottish Widows has aligned a chunk of its pension portfolios with the transition to a low-carbon economy, as the integration of environmental, social and governance factors emerges as a competitive driver in the commercial defined contribution sector.
DC & Auto-enrolment
TPR conducts internal review after Norton case
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August 13, 2020
On the go: The Pensions Regulator is conducting an internal review to identify if there are lessons to be learnt after the Norton Motorcycles debacle, a case that left members looking to recoup losses in excess of £14m.
Govt unable to assess level of opt-outs during Covid
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August 3, 2020
On the go: The government has claimed it is unable to determine whether opt-outs from auto-enrolled pensions have increased since the Covid-19 pandemic, the minister for pensions and financial inclusion has said.
Providers urged to prepare comms for Covid squeeze
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July 29, 2020
Savers underestimate the impact that the coronavirus crisis could have on their financial wellbeing, according to a new survey, leading to calls for providers to communicate reassuringly with the minority of members that engage in times of stress.
PLSA framework to help savers navigate ‘confusing’ freedoms
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July 29, 2020
On the go: The Pensions and Lifetime Savings Association has proposed a new regulatory regime that will require schemes to support savers when making decisions about how to access their pensions.
Nest unveils net-zero investment strategy
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July 29, 2020
On the go: Master trust Nest has introduced a climate change policy with the aim of achieving carbon neutrality across its investment portfolio.
Retirees deserting good value master trusts for lack of advice
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July 27, 2020
Workers are ditching a widening range of retirement options offered by workplace defined contribution schemes for expensive retail products.
Financial illiteracy and poor support plague concerned savers
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July 23, 2020
Apathy from pension providers and regulators is allowing millions of savers to sleepwalk into retirement traps, according to the findings of a series of reports into poor levels of financial education and literacy.
Small pension pots put AE success at risk
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July 23, 2020
Research released by the Pensions Policy Institute warns that the proliferation of small pension pots risks undermining auto-enrolment success, unless significant government intervention is undertaken.
Govt outlines solutions for pensions net pay anomaly
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July 22, 2020
The government is seeking industry views on how to end the net pay anomaly affecting low-paid earners in the pensions tax relief system.