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In this month’s edition of Pensions Age, partner Stuart O’Brien comments on the increasing pressure that pension funds are facing when considering the ESG issues of investing in defence companies. He argues that trustees must act within their trust’s law and fiduciary duties:
“Broadly speaking, these legal duties require trustees to exercise their investment powers

In an article for Pensions Expert, senior counsel Naomi Brown explores the differences and similarities between running a pension fund and running a business – and what can be learned from each role. She concludes: “One way to help us all get the balance right is to think of ourselves as “taking care of trustee

David Saunders, senior partner at Sackers, gives his initial reaction on what “change” might be on the cards for pensions.
“With Labour now confirmed as the new Government in office, all eyes are on what its priority destinations will be during the initial stages of its journey. Labour’s manifesto suggested that the pensions road ahead

The Trustee of the TotalEnergies UK Pension Plan has completed a buy-in with Pension Insurance Corporation for £1.2bn. The transaction is the largest buy-in completed this year. It follows the Plan’s first buy-in with PIC for £1.6bn in 2014 and secures the pensions of over 2000 pensioners and dependants and 3,500 deferreds.
Rob White, chair

Associate director Alex Anslow sets out the background to the new DB scheme funding regulations in a technical supplement published by Pensions Management Institute. It has taken a long time for the regulations to come to fruition and the current environment is very different from the one in which the new funding requirements were first

Partner Stuart O’Brien was one of the speakers at Professional Pensions’ Future of Investment Festival in London on 5 June. He set out the current legal framework around fiduciary duty, and the potential routes for trustees to have a positive impact.
Stuart’s talk was reported in detail by Professional Pensions and can be accessed here

“Aims to ensure greater consolidation across pension and retirement saving schemes, together with a focus on value for members, suggest that there is some common ground between the main political parties. However, the Labour Party has said it will be championing financial inclusion to ensure everyone has access to affordable products and services. It has