Latest articles from Rolhat Zen-Aloush

UK DB scheme surplus increases £41bn in May

News on the go

On the go: The aggregate surplus of 5,318 defined benefit schemes eligible for the Pension Protection Fund increased by £40.9bn in May.

UK pension funds target net zero and Aegon moves £5bn into ESG assets

ESG spotlight

ESG Spotlight: A roundup of the latest news on environmental, social and governance initiatives, with UK pension funds pledging to commit to net zero by 2050 and Aegon to transition a further £3.5bn of its workplace default funds in June.

Nest launches bulk transfers service for employers

News on the go

On the go: Nest will be offering a “robust and efficient” bulk transfers service for UK employers, which will allow members’ abandoned pots to be automatically transferred to new ones.

FCA announces expectations for publication of costs and charges data this summer

News on the go

On the go: The Financial Conduct Authority has announced it will allow pension providers to disclose their charges at a scheme level rather than employer level for this year when data are published under new rules this summer.

Aon sells US businesses to complete merger with WTW

News on the go

On the go: Aon has sold two US businesses in order to complete its merger with Willis Towers Watson, after concerns were raised by the US Department of Justice.

Muslims missing out on pensions worth £13bn due to sharia concerns

One-third of Muslims in the UK do not have a pension due to the lack of sharia-compliant pension options, missing out on an estimated £12.8bn in savings for retirement, which has prompted calls for trustees to introduce Islamic funds in defined contribution schemes.

Cushon acquires Northern Ireland master trust

News on the go

On the go: Pension provider Cushon has acquired the Workers Pension Trust, a master trust in Northern Ireland, after raising £26m in a funding round.

UK to lead TCFD disclosures by 2025 for all companies

News on the go

On the go: The Taskforce on Climate-related Financial Disclosures is to launch a consultation on best practice for measuring investors’ alignment with a “net zero” future later this month.

TfL to review pension scheme as part of new funding package

News on the go

On the go: Transport for London will be conducting a review of its £10.6bn defined benefit scheme as part of a new government package. 

Two-thirds of schemes to increase allocation to social investments

News on the go

On the go: Sixty-six per cent of pension schemes expect to increase their allocation to social investment passive funds over the next three years, new research has shown.