New business from large corporate and public retirement plans has boosted Northern Trust’s defined contribution (DC) global assets under custody and administration past USD1 trillion, as companies and government entities focus on retirement security for employees.
Railways Pension Schemes Trustees appoints Legal & General to provide a flexible retirement solution to members
Railways Pension Trustee Company Limited, the Trustee of the Railways Pension Schemes (the Trustee), with the support of its administrator, RPMI Limited (RPMI), has appointed Legal & General Investment Management (LGIM) to provide members of the railways pension schemes access to a drawdown arrangement within the Legal & General WorkSave Mastertrust.
Cardano, a pensions risk and investment management specialist, has made three new hires in its Manager Research division.
The Pensions Management Institute (PMI) is launching a new accreditation regime for lay trustees. This follows the highly successful accreditation programme for professional trustees, APTitude that was that launched last year.
Pension schemes unanimously expect to have fully integrated climate risk into their decisions by 2026, according to new figures collected by Willis Towers Watson.
Impact on employer covenant must be considered when assessing DB schemes' social risks and opportunities
Lincoln Pensions has issued a stark warning that the impact of social risks on the employer covenant must be taken into consideration when understanding a DB pension scheme’s social risks and opportunities.
The Pensions Administration Standards Association (PASA), the independent body dedicated to driving up standards in pensions administration, has announced that audit, tax, advisory and risk firm Crowe UK, will be continuing as their Expert Partner for Cybercrime & Fraud.
HSBC Retirement Services Limited (HRSL), a part of HSBC Life, the Group’s insurance business, has appointed Paul McBride as Chief Operating Officer.
River and Mercantile secures close to GBP2 billion in pension scheme mandates as CMA deadline approaches
As the deadline for the Competition and Markets Authority (CMA) fiduciary manager retender arrives, River and Mercantile (R&M), has been awarded nearly GBP2 billion in new pension scheme mandates in recent months.
“The UK pension industry needs to wake up: Climate change is fundamentally an economic issue,” says Topping
The choices investors make over the next 10 years are vitally important if the world is to limit global heating, reverse the destruction of the natural environment and meet the UN Sustainable Development Goals, says Nigel Topping, the UN High Level Climate Action Champion.