Aegon

Kate Smith looks at how trustees can find an appropriate comparator scheme and decide their next actions

Fiduciary management and ESG were hot topics for Professional Pensions readers this week

Aegon UK has transitioned more than £5bn of workplace pension scheme assets into ESG investment strategies, with another £3.5bn set to move over by the end of the month.

Online fraud is now set to be included in the upcoming Online Safety Bill after the government acknowledged “significant concern” over its exclusion.

Professional Pensions rounds up some of the latest ESG and climate news from across the industry.

Some 1.7 million workers in their 50s are saving less for retirement due to the pandemic, latest research from Legal & General (L&G) reveals.

Contract-based pension providers could be required to nudge savers to book Pension Wise appointments before accessing their savings.

Aegon UK has acquired Pension Geeks – the business that specialises in connecting people with their finances through innovative engagement techniques, communication and events.

Imagining a future self while working can help improve financial wellbeing in retirement, allowing people to understand what they want their post-working life to look like, says Aegon.

By recognising the importance of mindset, savers can be helped onto a better retirement and financial wellbeing path, says Linda Whorlow.