Bulk annuity providers neglect UK Stewardship Code

Insurers make errors on if the code applies to them, despite general ESG progress

James Phillips
clock • 2 min read
Bulk annuity providers neglect UK Stewardship Code

Just two of the UK’s eight bulk annuity providers are signed up to the UK Stewardship Code despite progress in other areas of ESG risk mitigation, says Lane Clark and Peacock (LCP).

The consultancy's biennial report found that just Aviva and Scottish Widows were listed as signatories of the code, with the remaining either considering signing up to it or believing there was no ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Inchcape Motors scheme completes £505m buy-in with L&G

Inchcape Motors scheme completes £505m buy-in with L&G

The deal secures the benefits of 2,295 retirees and 5,890 deferred scheme members

Holly Roach
clock 05 March 2025 • 2 min read
PwC index measures £180bn DB surplus in February

PwC index measures £180bn DB surplus in February

Firm says schemes are ‘reconsidering’ strategies

Jasmine Urquhart
clock 03 March 2025 • 2 min read
Update: Brookfield Wealth Solutions launches in UK following regulatory approvals

Update: Brookfield Wealth Solutions launches in UK following regulatory approvals

Insurer to begin operations in Q1 and operate under the Blumont Annuity UK branding

Jonathan Stapleton
clock 03 March 2025 • 3 min read
Trustpilot