The Standard Life Master Trust has secured £10bn in assets under administration.

Reflecting the investment made by Phoenix Group in Standard Life’s workplace and master trust proposition, assets under administration have doubled in the three years since Q1 2021, driven by close to 30 new scheme wins and investment growth. According to the group, master trust activity "significantly" boosted the growth of Standard Life’s workplace business, as net fund flows almost doubled from c.£2.4bn in 2022 to c.£4.5bn in 2023. This included the transfer of c.£2bn in new scheme assets.

Association of British Insurers (ABI) director of policy for long-term savings, health & protection, Yvonne Braun, and Money and Pensions Service (Maps) Wales manager, Lee Phillips, have been recognised in the King’s Birthday Honours List.

Braun was awarded Officer of the Order of the British Empire (OBE), in recognition of her services to the pensions industry and socio-economic diversity. The executive sponsor for diversity, equity and inclusion at the ABI, Braun also led the on the sector’s charitable £100m Covid-19 Support Fund during the pandemic. Phillips, meanwhile, was awarded member of the Order of the British Empire (MBE) for achievements in financial education and financial capability. She has worked across public, private and voluntary sectors in Wales, leading work on financial capability and well-being in Wales since joining the Financial Services Authority (FSA) in 2008, to now with Maps. Lee was also responsible for the creation, coordination and delivery of the financial wellbeing delivery plan for Wales, a Maps initiative in partnership with the Welsh Government.

Pension Insurance Corporation (PIC) CEO, Tracy Blackwell, was announced as the winner of the 2024 Bold Woman Award by Veuve Clicquot.

The award celebrates achievements made by women with institutional and personal success. In particular, Blackwell was recognised for co-founding and helping to grow PIC into an FTSE 100 sized business. Receiving the award, PIC CEO, Tracy Blackwell, said: “Despite its fundamental importance to the future welfare of millions of people, not to mention the infrastructure we fund, the pensions industry flies beneath the radar much of the time. So to be recognised with such a prestigious award will help to raise the profile of this crucial industry.”

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