DC

More than half of BlackRock’s flagship UK defined contribution (DC) default fund’s assets will be invested in ESG strategies by June 2021.

Legal & General Investment Management (LGIM) has incorporated ESG considerations as well as its climate impact pledge into the default funds for the 3.3 million members in its master trust and contract-based schemes.

Professional Pensions spoke to BNP Paribas Asset Management head of sales Philip Dawes as part of an exclusive series of interviews with some of the finalists and winners of the UK Pensions Awards. This is what he had to say…

The latest virtual event in PP’s DeskFlix series took place on 7 July

The economic uncertainty generated by Covid-19 is likely to cause a large number of defined contribution (DC) schemes to move into master trusts, according to PP readers.

The UK’s system of pensions tax relief needs to be overhauled to make it fairer to the lower paid and younger savers, the Association of British Insurers (ABI) says.

The Pensions and Lifetime Savings Association (PLSA) has published a drafting template to help defined contribution (DC) scheme trustees produce their annual chair’s statements.

Multi-national companies must consider complex methods for scheme funding including increased flexibility on retirement benefits, Aon says.

Defined contribution (DC) pensions are showing positive signs of market recovery after dramatic falls in the number of expected retirements this year due to the ongoing coronavirus pandemic.