Latest articles from Rolhat Zen-Aloush

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

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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

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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

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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

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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.

Ombudsman gives providers a month to update transfer processes

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The Pensions Ombudsman expects pension providers to update their transfer processes, due diligence checks and member communications within one month of the new scams regulatory guidance being issued.

FTSE 100 scheme funding stays flat despite £200bn contributions

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On the go: FTSE 100 companies have seen the funding position of their defined benefit schemes remain broadly unchanged since the financial crisis, despite sponsor contributions of more than £200bn, a report by LCP has shown.

Co-op pensions aim to achieve net-zero by 2040

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On the go: The Co-op has partnered with the Make My Money Matter campaign to engage with its employees in order to increase transparency on how their pension pots are invested and better understand their sustainability priorities.

Trustees not fully aware of new code of practice requirements

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On the go: Many trustees are not fully aware of the requirements of the Pensions Regulator’s new code of practice, a survey by Barnett Waddingham has found.

Demand for punchier real estate debt strategies on the rise

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On the go: Demand for punchier real estate debt strategies among Bfinance’s international institutional client base grew significantly in 2020 and remained strong in 2021.