LGIM

This week’s top stories included the FRC issuing a £65,000 penalty and severe reprimand against Richard Jones over previous advice to Guinness Peat Group, and news of Emma Douglas’ departure from LGIM.

Legal & General Investment Management (LGIM) has confirmed its head of defined contribution (DC) Emma Douglas has left the business.

The value destruction of a savers’ pension at the point of retirement is “huge” and personalised guidance is vital to prevent members knocking out years of savings, according to industry experts.

Legal & General Investment Management (LGIM) has invested £85m in affordable housing in the North East of England on behalf of clients including pension funds.

Legal & General Investment Management’s (LGIM) defined contribution (DC) pensions business has set out its framework to reach net zero across all auto-enrolment (AE) default investment options and the L&G Master Trust by 2050.

Asset managers representing $22.8trn (£16.5trn) of assets under management (AUM) have joined the Net Zero Asset Managers initiative, bringing the total number of signatories to 73.

Legal & General (L&G) has unveiled fresh interim climate commitments as part of a drive to net-zero portfolio emissions by 2050.

Addressing ESG risks has typically been easier in equities but there are many ways to do it in fixed income and LDI portfolios, writes Stephanie Baxter

It is “perverse” that not all defined contribution (DC) members are offered investment in illiquid asset classes, according to Lane Clark & Peacock head of DC Laura Myers.