Punter Southall Aspire has announced it will be introducing ‘National Pension Tracing Day’.

On 31 October, pension scheme members will be urged to use the extra hour of the clocks going back to trace lost pensions. Alongside Scottish Widows, Aegon, Legal & General (L&G) and Standard Life, Punter Southall Aspire is encouraging the pensions industry to support the initiative to help people take action over an estimated 1.6 million lost pots worth £19.4bn. Punter Southall Aspire director of communications, Johanna Nelson, commented: “Think of it as buried treasure. We’re going to give people the equivalent of a map to start their own search. The extra hour at the end of October is an ideal time to make a start.”

Standard Life has launched HomeBuyer Hub for its pension scheme clients and their members.

In a phased roll-out, the hub will first be available for its workplace clients. The free service aims to help scheme members plan the purchase of their first property. Homebuyer Hub has been developed in conjunction with Life Moments, a digital coaching software, which has supported testing among pension scheme clients and their employees. The digital step-by-step guide is tailored to the users’ circumstances, taking account of income, savings goals, location and timeframe to purchase.

Legal & General Investment Management (LGIM) has announced its new L&G ESG Paris Aligned World Equity Index Fund.

The fund is aimed at institutional investors in the UK and Europe, and offers broad exposure to developed market equities. It integrates Paris-aligned reduction in carbon emissions and UN Sustainable Development Goal principles. The fund has gained support from “some key institutional investors”, including London Borough of Newham Pension Fund, which has invested around £520m. L&G’s alternative asset platform, L&G Capital, has also invested £100m.

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