All default funds articles – Page 3
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NewsFCA proposes new illiquid fund structure for DC schemes
On the go: The Financial Conduct Authority is proposing a new category of fund that will allow defined contribution schemes to invest in illiquid assets.
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NewsUKSIF urges pensions sector to ramp up sustainability
On the go: The UK Sustainable Investment and Finance Association has proposed a series of measures to increase sustainability in the pensions sector, as part of its new policy version.
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NewsTreasury committee calls for ESG regulations for smaller schemes
On the go: The Treasury committee published on Thursday a unanimously agreed report as part of its decarbonisation and green finance inquiry, which calls for environmental, social and governance regulations for smaller schemes.
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UK DB scheme surplus rises £19.6bn in March
On the go: The aggregate surplus of the 5,318 defined benefit schemes in the Pension Protection Fund 7800 Index has increased by £19.6bn in March.
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Mercer and L&G to target net-zero, Aviva launches equity fund
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with Mercer and Legal & General reducing carbon emissions, and Aviva’s new equity fund launch.
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Smart Pension invests in private market illiquids
On the go: The £1.5bn Smart Pension master trust has introduced private market illiquids into its default fund after developing a solution in partnership with Natixis Investment Managers.
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TPR: Master trusts have ‘work to do’ on investment knowledge
On the go:Master trusts still have “work to do” to improve their trustees’ investment knowledge, according to Geoff Cheetham, principal investment consultant at the Pensions Regulator.
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Scottish Widows pledges to reach carbon zero by 2050
On the go: Scottish Widows is the latest pension company to pledge to become carbon neutral by 2050, while calling for action in the industry.
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NewsMaster trust competition hots up despite consolidation
Data crunch: The majority of master trusts are targeting defined contribution schemes in a bid to boost their assets under management, leading to heightened competition in a marketplace where there is scepticism about acquiring rivals.
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Aegon commits to have DC default funds carbon zero by 2050
On the go: Aegon intends to achieve net-zero carbon emissions across its defined contribution default pension fund ranges by 2050, in response to the threat posed by climate change.
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OpinionValue for money: Is 60:40 really good enough for Generation DC?
Pensions regulators rightly stress the primacy of value for money and good governance in defined contribution pensions. New proposals advocate that DC fiduciaries should adopt a uniform framework for analysing VFM based on three elements: charges and transaction costs, customer service, and investment performance.
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Phoenix launches new ESG default solution
On the go: The UK’s largest long-term savings and retirement business has announced the launch of a new defined contribution default solution incorporating environmental, social and governance standards.
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Scottish Widows to divest £440m from ESG failures
On the go: Scottish Widows is to divest £440m from companies that failed to meets its environmental, social and governance standards.
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PLSA throws weight behind ESG and DC retirement initiatives
The Pensions and Lifetime Savings Association has made a string of recommendations to the government on environmental, social and governance investment issues, alongside a call to point retiring defined contribution members towards “preferred” products.
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Aviva pushes for net-zero target in AE default funds
On the go: Aviva is calling on the government to amend the pension schemes bill to make it mandatory for all auto-enrolment default funds to achieve net-zero carbon emissions status by 2050.
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Financial illiteracy and poor support plague concerned savers
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.
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Regulator warns on alternative funds for DC self-select
On the go: The Pensions Regulator has warned trustees of defined contribution schemes to check they are not “unintentionally breaching” pension legislation when moving member contributions due to gating in alternative asset funds.
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Regulator concerned by master trust investments weaknesses
Investment strategies pursued by some of the UK’s authorised master trusts are exposing pension scheme savers to unnecessary risks, according to the Pensions Regulator.
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Master trust members close to retirement lose 8.7% in savings
On the go: The pension savings of master trust members close to retirement are likely to have declined on average by 8.7 per cent during the first quarter of 2020, according to analysis from Isio.
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Diversification helps Nest mitigate FTSE slump
On the go: Diversification in Nest’s default funds seems to be paying off, as the government-backed workplace pension scheme has seen a decrease of 17.6 per cent since the beginning of this year, while the FTSE 100 has fallen by 34.3 per cent.