News in brief - 14 October 2022

Capita has launched a new Pensions Dashboards Readiness Tool.

The tool aims to help schemes self-evaluate their position on their readiness journey and understand what work is required to ensure they are ready for their connection deadline ahead of the dashboard’s availability point. The tool asks a series of questions aimed at understanding schemes current position and, once complete, produces a tailored report, including tips on what work schemes should be undertaking.

Clara-Pensions to work with Moody’s Analytics on risk modelling and management.

Clara Pensions will be using the PFaroe defined benefit (DB) pension risk modelling technology to model and manage the liabilities and risks it faces. The PFaroe DB solution will be aiding Clara in its first transactions, with the superfund to use the system to model future risk scenarios in liabilities and assets both within the Clara Pension Trust and its capital buffers.

Smart Pension has announced that its default fund is 100 per cent sustainable.

The master trust revealed that its default fund is now made up entirely of sustainable components with all the constituent funds used in its default growth fund rated Article 8 or higher by the Sustainable Finance Disclosure Regulation, a technical standard introduced by the European commission. Commenting on the news, Smart Pension chief investment officer, Paul Bucksey, said: “We’re so glad to have now reached the milestone of our default fund being 100 per cent sustainable – up from 70 per cent this time last year. Along with our other sustainability efforts, this means we are firmly on track to achieve our 2040 net zero target.”

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