The Pensions Scams Industry Group (PSIG) has published its updated guide on pension scams, Combating Pension Scams – A Code of Good Practice.

Pensions Minister Guy Opperman said that “we need to do more” to combat scams and that “this new code will help pension trustees keep pace with this evolving threat”. PSIG chair, Margaret Snowdon, added: “The human cost of pension scams is huge, so we must all do our utmost to prevent them. We therefore urge trustees and providers to review and adapt their due diligence processes to reflect this updated code.”

Saga has announced that Marcus by Goldman Sachs is set to become its new long-term savings partner from August 2019.

Marcus launched in the UK in September 2018 with an “easy-access savings account” and has over 250,000 customers. Saga CEO, Lance Batchelor, said: “This is an exciting time for Saga and our customers as we announce our new long-term savings partnership. We know that our customers hold a large proportion of their wealth in savings and want to know that they’re getting a great return with a brand they can trust.”

The Worldwide Fund for Nature (WWF) and Investec Asset Management have revealed environmental risk approachs for sovereign bond investors.

A collaborative report, Satellites and sustainability: New frontiers in sovereign debt investing, found that advances in geo-spatial data and satellite imagery could help sovereign debt investors better assess and manage environmental risks — and may contribute to setting the global economy on a sustainable footing. Investec head of fixed income, Peter Eerdmans, said: “There is mounting evidence that environmental factors can shape the destinies of national economies and materially influence sovereign debt portfolios.”

Share Story: