Eversheds Sutherland has been appointed as legal adviser to Rebalance Earth.

The law firm will play a "crucial" role in establishing Rebalance Earth's innovative natural capital fund, which identifies catchments with high commercial activity where companies face significant water-related risks, such as flooding, drought, and water quality issues. One key focus of the fund will be to restore natural landscapes at land and sea level by financing restoration projects and utilising technology to help mitigate climate and nature-loss related risks, such as flooding and drought. Eversheds Sutherland partner and head of pension, Jeremy Goodwin, commented: “We are truly delighted to have been appointed as the legal advisors for Rebalance Earth. At a crucial time when climate change and extreme weather events are becoming more frequent, how we view the natural world around us is no longer just a regulatory concern; these are now board-level strategic issues. We are looking forward to working with Rebalance Earth as their legal adviser as we help develop their fund for pension schemes and other institutional investors to enable their boards to address these issues.”

Aegon has launched a ‘family price match’ initiative for workplace pension members.

Aegon has launched a new initiative for workplace pension members, which gives members access to the scheme price benefits of their Aegon workplace pension with their loved ones. This latest offering, ‘family price match,’ means those already saving into an Aegon workplace pension will receive a unique code, through the Aegon UK app, that they can share with up to five family or friends, allowing them to open an Aegon stocks and shares ISA at the same service charge that is available to the member as an active workplace pension saver. Aegon workplace commercial director, Nick Roy, said: “Aegon’s family price match is an offering to our members and their loved ones, making saving more cost-effective."

XPS Group has completed the transition to becoming administrator of the John Lewis Partnership Pensions Trust.

XPS Group and the John Lewis Partnership (JLP) have confirmed the completion of the transition of services to XPS as administrator of the John Lewis Partnership Pensions Trust. First announced in November 2023, the project has been delivered on schedule, ensuring the continuity of a service for the scheme’s 126,000 members, including 41,000 pensioners. The project involved substantial collaboration between XPS, JLP, and the scheme trustee, including the 'TUPE' transfer of 25 JLP pension operations partners, who now form a dedicated team within XPS. XPS Group managing director of administration, David Watkins, commented on the deal’s competition: “We are delighted to have delivered this complex project on time and to a high standard, ensuring members receive the quality of care they rightly expect. Our shared values with the JLP have been central to this success, and we warmly welcome our new colleagues from JLP into XPS.”

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