News in brief - 4 June 2021

Standard Life has launched In-Scheme Drawdown for 1.5 million members of its workplace pension schemes.

It has been introduced for members of Standard Life Group Flexible Retirement Plan (GFRP) and Group Self-Invested Personal Pension (GSIPP). Standard Life said it was designed to drive good outcomes by giving members the ability to save and take an income in a single plan. It also increases flexibility, according to the firm, with In-Scheme Drawdown being introduced to its master trust members last year.

Legal & General (L&G) has added two later living housing schemes to its portfolio.

The additions, in Chandlers Ford in Hampshire and Broadbridge Heath in West Sussex, increase its residential pipeline to tens of thousands of homes. Its development in Chandlers Ford, operated and developed by Inspired Villages, will bring forward 151 new specialist age-appropriate homes. Inspired Villages has also achieved planning permission for a new later living scheme at Broadbridge Heath, bringing forward 141 age-appropriate homes. 

Mercer has launched an offering to help asset owners assess how well they are integrating environmental, social and governance (ESG) considerations into their investment decision making.

Its Responsible Investment Total Evaluation (RITE) helps institutional investors, including pension schemes, work towards best practice in ESG. Mercer said that RITE allows investors to identify areas and implement interventions that can deliver positive impact, and make a difference to society and the environment. Progress on activity will be tracked over time to provide evidence of better outcomes, according to the firm.

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