Invesco has announced plans to offer its Global Real Estate Fund (GREF) to some UK defined contribution (DC) pension schemes.

Invesco Real Estate partnered with LCP to bring about the development, which is thought to mark the first time a fund such as the GREF has been made available to DC schemes through these channels. It is expected to help make investment in the global property market “significantly easier” for schemes, with other DC schemes anticipated to follow in future, looking to benefit from straightforward access to institutional-quality global direct real estate.

iPensions Group has launched a digital pension consolidation solution, iSIPP.

iSIPP will allow customers to sign up online to consolidate funds into one pot, choose their preferred investment and monitor how they are performing, with full transparency on the fees and charges. It will be available to all customers with UK pension funds who are working or have worked in the UK, and will offer a range of fund choices for savers, including an environmental, social and governance (ESG)-focused fund.

Moneyhub has launched a lifestyle retirement modeller for its enterprise clients.

The feature will allow savers to see how much income their pension will provide in old age and encourage them to start saving as soon as possible. It uses artificial intelligence to undertake a holistic analysis of savers’ current cash flows and uses this to predict the type of lifestyle they will have after retiring, with this future projection then used as the basis for making changes to saving and spending habits. Pre-release testing also showed that the modeller could “dramatically” increase pension engagement and help transform people’s understanding of their retirement trajectory.

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