Royal Mail, Co-op and Marks & Spencer (M&S) have this week pledged to halve the emissions of their pension scheme portfolios by 2030, and to deliver net zero across these investments by no later than 2050. Royal Mail and the Co-op announced their pension scheme pledges today, following the 2040 …
Read More »Leading UK schemes make commitments to net zero
Royal Mail and Co-op have announced their pledge to make their schemes commit to tackling climate change by halving the emissions of their investments by 2030. This follows from Marks & Spencer (M&S) yesterday outlining its net-zero ambitions during the Pension and Lifetime Savings Association’s (PLSA) investment conference in Edinburgh. …
Read More »Cost Transparency Initiative debuts new resources to push standards adoption
CTI chairwoman, Mel Duffield. The Cost Transparency Initiative (CTI) will build on 12 months of positive industry take up with the launch of additional resources to encourage more schemes and asset managers to adopt the standards. The CTI – a partnership initiative between the Pensions and Lifetime Standards Association (PLSA), …
Read More »Doing nothing is not an option
Opperman: Cross-party consensus is vital for the bill The pensions schemes bill will digitalise pensions and provide savers with greater confidence for retirement, Guy Opperman has said. In a video recorded for the Pensions and Lifetime Savings Association (PLSA) annual conference today (17 October), the pensions and financial inclusion minister …
Read More »CTI receives backing from UK pension schemes
Ten of the largest pension schemes in the UK have written a joint letter announcing their support for the Cost Transparency Initiative (CTI). The schemes endorsing the strategy, which includes the Royal Mail Pension Plan, Nest and the Universities Superannuation Scheme, represent over 19 million members who have more than …
Read More »Ten schemes publicly back Cost Transparency Initiative
Duffield: We will work across the industry to encourage adoption Ten pension schemes representing over 19 million members and more than £150bn in assets under management have written a joint public letter endorsing the Cost Transparency Initiative (CTI). In the statement the ten schemes stated: “We believe that greater cost transparency …
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