News in brief 10 August

PASA has announced Equiniti as their e-administration knowledge partner.

The Pensions Administration Standards Association (PASA) said the partnership will help them remain at the forefront of changes in the industry, as they look to increase their focus on advances in pension technology. Equiniti have spent years developing new technology to help members engage with their pensions and improve the user experience and will team up with PASA to try and bring the pensions industry into the modern world.

Vanguard takes over 10 LV= index funds to boost flexible transitions account.

The two companies have been partners since 2012 and this latest agreement is part of LV=’s target of improving its products and services. This change to the LV= own label index funds reduces the overall charges by an average of 44 per cent and offers low total fund charges. Eight of the 10 fund will transition into existing Vanguard funds, while the other two have moved to bespoke funds created by LV=. All ten will have a lower investment charge.

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