XPS Pensions has announced plans to trial a new fully-flexible working model post-Covid-19.

The policy will allow the group’s 1,300 strong workforce to choose between office working, home working or a flexible model which allows them to develop their own arrangement, and has been developed following consultation with staff. The consultation exercise was launched amid the second lockdown to explore how staff preferred to work, and whilst the results revealed no consensus review, it did show that employees felt their working environment had a “significant impact” on their mental health and productivity. The policy will be introduced on a trial basis between August and December 2021.

Aviva has announced the launch of the Aviva Investors Climate Transition Global Equity Fund on its workplace pension scheme platforms.

The fund is an actively managed equity fund that invests in the shares of companies globally who are responding to climate change, and will be available to members immediately. It will not invest in companies exposed to thermal coal, unconventional fossil fuels, or thermal coal electricity generation, and will limit exposure to those producing oil and gas or gas-fired power generation. It was initially launched by Aviva Investors last year, and is the second equity fund launched with the aim of supporting the transition to a low carbon economy.

Xafinity SSAS and SSIP has rebranded to XPS Self Invested Pensions.

The move follows the creation of XPS Pension Group three years ago, when Xafinity acquired the actuarial and administration divisions for Punter Southall, resulting in the XPS Pensions Group. Commenting on the rebrand, XPS Self Invested Pensions director, Andy Bowsher, stated that that the time was right to bring the “trusted” XPS brand to the fore, explaining that the new name is expected to better reflect the benefits of both the scale and breath of the pensions expertise of the group.

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