News in brief – 20 November 2020

First Actuarial has developed and launched an NHS Pension Scheme annual allowance and tax ready reckoner.

The ready reckoner, commissioned by NHS Employers, aims to educate scheme members on pensions tax and the value of scheme membership. It is designed to give NHS savers an insight into their annual allowance position and give general information about their NHS pension. NHS Employers managing director, Rebecca Smith, commented: “The scheme can be a valuable tool for recruitment and retention, both of which are now more important than ever. This ready reckoner aims to help those scheme members who may be impacted by the annual allowance to have a broad insight into their position and what they can do to further understand their options.”

GLIL Infrastructure has invested in the UK’s new East Coat Main Line fleet.

The £1.8bn infrastructure fund backed by Local Pensions Partnership and Northern LGPS, which has agreed to acquire a 30 per cent equity stake in Agility Trains East, a rolling stock fleet of 65 new intercity trains, from Hitachi Rail Limited. The transaction will support the long-term operation of the trains on the UK’s East Coast Main Line. GLIL Infrastructure stated that the transaction would provide “reliable and sustainable” returns for its pension members.

Mattioli Woods has partnered with the Association of Accounting Technicians (AAT) to provide help to its members and offer support with its client relationships.

Mattioli Woods said the partnership enables it to work with their members to help enhance its offering and support existing client relationships. Mattioli Woods will provide ongoing technical support on existing and new legislation, as well as helping members to build client solutions. Mattioli Woods wealth management director, Doug Ryan, said: “Through sharing our extensive expertise and experience we can support CPD programmes for members of AAT and increase their understanding of wealth management opportunities for their clients. We also continue to support their Future Finance initiative which provides members with the skills they need to sustain and succeed, as well as the tools to navigate a changing financial landscape.”

    Share Story:

Recent Stories

Podcast: ESG and member engagement
Laura Blows speaks to Legal &General Investment Management head of DC, Emma Douglas, and Nest Insight Director of Research and Innovation, Jo Phillips, about member attitudes towards ESG and how this may impact upon pension fund investments

Sovereign bonds and climate change considerations
In Pensions Age's latest podcast, Laura Blows is joined by Hilary Norris, Product Manager, Sustainable Investment, EMEA, FTSE Russell, to discuss sovereign bonds and climate change considerations

Climate Investing
Laura Blows speaks to Aled Jones, Head of Sustainable Investing for Europe at FTSE Russell, and Adam Matthews, Director of Ethics and Engagement for the Church of England Pensions Board, about the role of climate investing within a pension fund portfolio.

Managing volatility
In the latest Pensions Age podcast, Laura Blows speaks to Cambridge Associates head of European pension practice, Alex Koriath, about the Covid-related market volatility and how pension funds can prepare for the challenges ahead

Risk transfer opportunities
Laura Blows speaks to Lisa Purdy, Head of Fiduciary Distribution at Legal & General Investment Management and Gavin Smith, Pricing and Execution Director - UK PRT at Legal & General, about the impact of the recent market volatility on the bulk annuity and risk transfer market and the potential opportunities for the future