News in brief – 17 June 2022

Barnett Waddingham has been appointed to the new National Local Government Pension Scheme (LGPS) Framework for Pensions Administration Operational Support Services.

The framework aims to help the LGPS community quickly and efficiently access specialist services to support scheme administration and communication. It enables LGPS funds and pools, their employers and other public sector pension schemes to procure services for administration and communications.

Invesco has launched its Net Zero Global Investment Grade Corporate Bond Fund for investors across Europe.

The fund’s primary objective is to contribute to the goal of achieving global net-zero greenhouse gas emissions by 2050 or sooner. It will offer exposure to a global portfolio of corporate credits, focusing on high-quality issuers that meet its net-zero framework, whilst seeking to deliver income and long-term capital growth to investors. Classified as Article 9 under the Sustainable Finance Disclosure Regulation, the fund follows a net-zero approach based on an investment framework set out by the Paris Aligned Investment Initiative.

The trustees of the Royal Mail Defined Contribution (DC) Plan have chosen Destination Retirement from Hub Financial solutions as the financial wellness service for members in retirement.

The scheme selected the retirement advice and guidance service to support its members in making key financial decisions in the run up to retirement and beyond. Destination Retirement is a digital service that provides scheme members with personal recommendations on how to get the maximum benefit from their pension savings as well as other savings and investments when they explore how they can make the transition from work to their life after work.

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