News in brief 7 September

Research shows 3 September as ‘State Pension Shortfall day’

From 3 September the spending of a retired two adult household would have outstripped the income from two full state pensions, according to research from Just Group. Office for National Statistics data indicates that the average two pensioner household will spend £25,500 per year, while two full state pensions will only provide £17,092. Therefore, a couple reliant solely on state pensions would run out of money on 3 September if they had the average expenditure during the first 8 months of the year.

Willis Towers Watson develops new ESG strategy with MSCI

Willis Towers Watson has collaborated with MSCI to develop a new investment strategy which emphasises the importance of integrating Environmental, Social and Governance (ESG) factors within the investment process. The Adaptive Capped ESG Universal Index offers a simple and differentiated way to invest in equities and is part of Willis Towers Watson’s belief that sustainable investment is key to successful investment strategies.

Brunel Pension Partnership teams up with Hermes on voting and engagement

Brunel Pension Partnership has hired Hermes Equity Ownership Services (EOS) to assist with voting and engagement. Brunel chief responsible investment officer Faith Ward commented: “We’ve chosen to appoint Hermes EOS in part because we’re impress by their willingness to actively collaborate with our asset managers to ensure joined up and seamless integration. We value the expertise of our manager and expect that having the engagement overlay will equip us to achieve more.”

PensionBee and Yolt announce in-app integration

PensionBee customers will now be able to see their live pension balance with the money app Yolt. Yolt is the first personal finance app that is able to show a customer’s live pension balance alongside their other financial accounts, including bank accounts, credit cards and Isa accounts. The integration with PensionBee come as the app hopes to expand its partner platforms across three sectors: utilities and bills, financial products and leisure and experience.

    Share Story:
Spotlight on pensions tracing: making huge strides in a changing world
Alex Mitchell, Head of Tracing & Data Solutions at Capita, meets Francesca Fabrizi, Editor in Chief of Pensions Age to discuss recent trends in the pensions tracing space

MAC strategies in focus
Francesca Fabrizi meets Craig Scordellis, Head of Long-Only Multi-Asset Credit at CQS, to discuss what MAC strategies can offer pension schemes today