News in brief - 11 June 2021

Aegon UK has shifted over £5bn of workplace default assets to environmental, social and governance (ESG) strategies.

Aegon UK has reached a “major milestone” in its efforts to transition its workplace default funds to net zero, with over £5bn worth of customer money placed in ESG investment strategies, as of the end of March 2021. In addition to this, the group expects to transition a further £3.5bn by the end of June, bringing the total to over £8.5bn. This is expected to support the provider's broader ambition to make its workplace default funds net carbon zero by 2050, and to halve carbon emissions by 2030.

Lincoln Pensions has launched PensionSketch.

The integrated scheme projection and risk modelling tool will enable trustees and sponsors to map out the journey plan which best balances all key risks. It uses a scenario-based approach to plotting a journey, which integrates both sponsor and scheme modelling, and also include a risk radar, which provides an assessment of the risks that each potential journey plan entails. It was created ahead of The Pensions Regulator’s new funding code of practice, which is expected to place increasing emphasis on journey planning.

Canada Life's Retirement Account offering has surpassed 2,000 funds.

The total number of funds available on the provider’s savings and drawdown platform, The Retirement Account, now stands at more than 2,200, providing access to 66 fund houses, and in turn allowing advisers to access major asset managers and investment specialists, including Liontrust, Trojan and Vanguard. The extension in the funds available was highlighted as a "major milestone", with the fund now also offering advisers more than 700 sustainable options, all rated 4 Globes and above by Morningstar’s sustainability rating.

    Share Story:

Recent Stories

How the bulk annuity market is changing
Laura Blows speaks to Peter Jennings and Prash Mehta from Just about trends in the bulk annuity market and how this could impact trustees hoping to secure insurer engagement in 2022 and beyond
DC master trusts
Pensions Age editor Laura Blows, editor of Pensions Age look at developments within the DC master trust market with Paul Leandro, partner at Barnett Waddingham, and Mark Futcher, partner and head of DC at Barnett Waddingham.

Advertisement Advertisement