News in brief - 16 December 2022

The Pensions Management Institute (PMI) has formed a new partnership with the Chartered Institute of Payroll Professionals (CIPP).

The agreement, which aims to support membership growth and deliver enhanced value to members of both organisations and will run for an initial trail period of one year from 1 January 2023, is expected to improve the CIPP’s specialist support on pensions and provide added value to its members. The partnership will also support PMI members with payroll functions in their role and help those wishing to expand their own professional understanding of this area.

Pension Insurance Corporation (PIC) has invested £40m as debt in Housing Solutions.

Housing Solutions, which owns and manages around 7,500 properties in the South East of England, selected PIC following a competitive process run by Centrus. PIC offered funds for immediate drawdown and a long-dated maturity in 2060. PIC’s investment in Housing Solutions will be used to help achieve the housing association’s target of building 350 new homes by 2026, of which 70 per cent will be social and affordable rent, and 30 per cent for shared ownership.

Phoenix Group has announced its Standard Life brand as the founding partner for the new Samaritans Training School.

The Samaritans Training School is designed to help recruit and train more Samaritans listening volunteers so the charity can be there for more people who need their support. Standard Life is making a donation which will allow Samaritans to train approximately 400 more listening volunteers. Samaritans was chosen as Phoenix Group’s charity partner by colleagues in the UK in 2021, and the partnership has now been extended until the end of March 2024.

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