News in brief 13 September 2019

Legal and General Investment Management (LGIM) has developed a cloud-based web tool for DC schemes that will aggregate data in a central repository and help improve member engagement.

The tool will give pension providers a consolidated data set from which to identify trends, such as contribution levels, and respond accordingly. LGIM hopes it will develop market projections by using business intelligence from machine learning and artificial intelligence insights, and influence pension policy.

Barnett Waddingham has hired over 50 graduates and apprentices in its annual intake.

The graduates have joined in several sectors, including actuarial, insurance, investment and longevity consulting across Barnett Waddingham’s eight UK offices. Of the new apprenticeship intake, twenty-one have taken up roles in the firm’s pension administration department and four in the IT department, representing a significant increase on the seven openings available in 2018.

Aviva Investors had launched a new fund to support the transition to a low carbon economy.

The Aviva Investors Climate Transition European Equity Fund is supported by a €100 million seed investment from Aviva France and aims to outperform European equity markets. The fund will take a long-term, high conviction investment approach, targeting companies deriving material revenues from goods and services addressing climate change mitigation and adaptation, as well as investing in those companies aligning their business models for a warmer, low-carbon world.

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