News in brief 8 November 2019

Mercer has launched its digital platform, Mercer Money, to boost pension engagement and financial wellbeing amongst employees.

The platform will incorporate aspects of open banking to allow a real-time view of employees financial wellbeing, including current accounts, savings, pensions and mortgages. Personalised reminders and education will be included to help employees make better financial decisions, and also include full budgeting and transaction functionalities, allowing users to act on these decisions instantly.

Equity funds hit by record quarterly outflows according to the latest figures from the Investment Association, the trade body representing UK investment managers.

While £350m was invested by savers in UK Funds in September, this latest quarter has also seen the largest net retail outflows on record from equity funds at £4.6bn. UK equity funds also saw record outflows totalling £2.3bn.

Enel SDG-linked bond a defining moment in the evolution of sustainable fixed-income markets, according to Hermes Investment Management.

The bond, launched in early September, was praised by Hermes for explicitly linking the cost of capital to achievement of an externally-focused SDG outcome. It is expected to not only create a new standard for the sustainable bond market, but to also give credence to the wider role SDGs can play.

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