News

L&G Buy-In Deal With Mitchell & Butlers

Legal & General Assurance Society Limited (“Legal & General”) today announces that it has agreed a c£650 million full scheme buy-in with the Mitchells & Butlers Executive Pension Plan (“the Plan”), securing the benefits for […]

Global insurance trends

Global Pension Trends Report Published

New research, commissioned by SimCorp and Deloitte, and conducted by Institutional Investor, “Global Pension Investment Trends” reveals that nearly three out of five global pension funds (58%) expect to increase their ESG portfolio exposure by […]

Insurance Regulation

FCA Aims To Dissuade Savers From Holding Cash

The FCA is proposing that firms offer a new ‘default’ investment option to help non-workplace pension customers save for their retirement. Currently non-workplace pension customers have to choose their own investments from an increasingly wide […]

Insurance Brokers

Deals: L&G Buys Into Reuters Pension Scheme

Legal & General Assurance Society Limited (“Legal & General”) today announces that it has agreed a c£310 million full-scheme buy-in transaction with the Reuters Supplementary Pension Scheme (“the Scheme”). The transaction is the Scheme’s first […]

News

Insurers Face New Reporting/Investment Standards After COP26

Some comment and reaction to COP26 pledges to spend more money on a `just transition’ policy across the developing world; UK and European Corporate Leaders Groups Director Eliot Whittington said: “Glasgow has triggered a wave of […]

Conference report

EBRD Bank Wants 100% More Private Capital Investment in Climate

Latest COP26 related statement from the EBRD; The European Bank for Reconstruction and Development (EBRD) has announced its intention to double the mobilisation of private sector climate financing by 2025. The way to achieve this […]

Insurance Regulation

FCA Wants Investment Traffic Light System

The FCA is publishing a Discussion Paper inviting views on potential criteria to classify and label investment products. This is aimed at helping consumers navigate their sustainability characteristics. The Discussion Paper forms part of the FCA’s […]

Fraud

FCA Bans Omar Hussein From Financial Services

The FCA has prohibited Omar Hussein, former director and senior financial adviser at pension switching firm Consumer Wealth Ltd (CWL), from working in financial services. Mr Hussein has also been fined £116,000 for providing reckless […]