News in brief – 15 October 2021

PensionBee has joined the steering group of The Diversity Project, a cross-company initiative promoting a more inclusive culture within the savings and investment industry.

The partnership will see PensionBee devote time and effort to developing and leading projects that align with three central aspects of diversity: ethnic minorities, gender and socioeconomic backgrounds. Signatories must commit to a four-point charter, which includes having an executive sponsor, adopting inclusive recruitment and promotion processes and practices, and publishing employment diversity data. The project aims to recruit, nurture and retain a generation of savings and investment professionals to better reflect society at large, and the individuals who trust financial services companies with their money.

A collective of musicians from 3173 Limited has re-formed the band ‘Run GMP’ to launch an album titled Subterranean Lockdown Blues.

The band, which includes employees of Dalriada Trustees, Spence & Partners and Mantle Services, got back together (virtually) during lockdown to record covers of classic hits such as Dusty Springfield’s Son of a Preacher Man and John Lennon’s Imagine. The album is available to stream or download, with all proceeds being donated to Nordoff Robbins, a charity dedicated to investigating the impact that music therapy can have for those affected by life-limiting illness, isolation or disability.

Independent trustee and governance services provider, PTL, has partnered with anti-money laundering provider, SmartSearch.

The new partnership will provide PTL with electronic ID verification on all death-in-service beneficiaries under its Group Life Claims Service, alongside due-diligence and anti-money laundering checks. SmartSearch’s system uses credit reference data and digitally verifies the client, which negates the need for requesting a physical document, or an image of the document.

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