The extended longevity swap now covers around two thirds of its DB liabilities
Nest also set a 2025 carbon reduction target to support its 2050 net-zero commitment
Commission fines UBS, Barclays, RBS, HSBC and Credit Suisse over FX spot trading cartel
A taskforce of thirty finance firms will lead the development of the framework
Pension Insurance Corporation (PIC) has launched a podcast series which will focus on ESG and the role of pensions through a social purpose lens.
This week’s top stories included UBS’ completion of a £1.4bn longevity swap with Zurich and Canada Life, while chancellor Rishi Sunak announced the government’s Kickstart Scheme as part of provisions outlined in the Summer Statement.
The UBS (UK) Pension and Life Assurance Scheme has hedged the longevity risk of around half its defined benefit (DB) liabilities through a £1.4bn longevity swap completed with Zurich and Canada Life Reinsurance.
Aviva has launched a defined contribution (DC) default investment strategy for its workplace pension clients, incorporating ethical and ESG considerations.
Investment and law firms have the highest median gender hourly gender pay gaps out of nearly 100 pension-related firms reporting, James Phillips writes.
As the economy moves towards low-carbon alternatives, how do pension funds put pressure on those companies failing to keep pace? James Phillips explores