News in brief – 10 February 2023

It is “vital” for the industry to share its views on pension dashboard design standards ahead of the consultation deadline, Pensions Dashboards Programme (PDP) principal, Chris Curry, has stated.

Ahead of the consultation’s closure on the 16 February, Curry stated that it is “vital” for the pensions industry to share its views on the design standards. “We really want to hear from a broad range of voices,” Curry commented. He also thanked those who had responded to the consultation so far and took part in PDP’s webinar in December 2022, continuing: “All this feedback will help us to shape the user journey and how pensions information is presented on dashboards. We will make a success of dashboards if government, industry and regulators work closely together."

Phoenix Group has joined the board of the Transition Pathway Initiative (TPI).

By becoming a supporter, Phoenix Group has committed to using the TPI tool and its findings on how prepared companies are for the transition to a low carbon economy within its decision-making. This addition brings the assets under management and advice of TPI’s investor supporters above $50trn. The announcement was welcomed by TPI chair, Adam Matthews, who commented: “As long-term stewards of capital, cognisant of the risks and opportunities presented by the low carbon transition, Phoenix Group is a natural addition to the TPI board and we welcome their backing and insights.”

Blackrock Alternatives Real Estate has announced British Airways’ New Airways Pensions Scheme (NAPS) and GIC have entered into a joint venture to establish a life sciences development in conjunction with Reef Group.

The development, Tribeca King’s Cross, will feature laboratory workspace underpinned by retail, restaurants, and 69 residential units across five buildings. The announcement additionally detailed that the development will be located next to Regent’s Canal. The first phase of its development is already underway and is expected to be completed in November 2023. The aim of the development is, according to the announcement, to “deliver a modern, flexible space where tenants can collaborate in a contemporary environment”.

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