Legal & General Investment Management (LGIM) has launched the L&G Net Zero Global Corporate Bond Fund.

The fund will look to identify long-term financial alpha across a broadly diversified global credit universe while targeting net zero emissions by 2050, and to provide improved portfolio temperature alignment through decarbonisation objectives and meaningful engagement with the companies in the portfolio. The investment process will be underpinned by LGIM’s Global Research & Engagement Groups (GREGs), which bring together the firm’s equity, credit and investment stewardship teams.

Royal London has launched a financial wellbeing service for its workplace pension customers.

The service provides access to ongoing financial support and guidance, helping individuals improve their financial knowledge, confidence and wellbeing, with workplace pensions customers able to take a financial health check that will help build a complete picture of their financial wellbeing. As part of this health check, customers will be asked multiple-choice questions and presented with a financial health check score and personal dashboard highlighting areas of strength and opportunities for improvement.

Construction has now completed at the Manchester New Victoria development.

The ‘topping out’ of the New Victoria Build-to-Rent development in Manchester was attended by some of Pension Insurance Corporation (PIC) representatives, with revenue from the development to help pay the pensions of PIC’s 300,000 policyholders. PIC invested £130 million to fund the construction of New Victoria, its first build-to-rent project, in September 2020. The development has repurposed a former car park adjacent to Manchester Victoria station.

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