Aegon's Mylo app has consolidated £135m in pension savings within six months of its launch.

The platform has attracted over 111,000 registered users and recorded more than one million logins, with over 11,000 pension pots consolidated and a further 10,000 in progress. Mylo’s ‘find’ capability is powered by Raindrop’s tracing technology, alongside a separate ‘combine only’ route, enabling members to reconnect with lost pensions. Aegon commercial director of workplace, Nick Roy, said the figures demonstrated the impact of simplifying pension engagement. “Mylo was designed to give people a simple, intuitive way to take control of their retirement savings, and consolidating £135m of pensions for scheme members in such a short time shows just how powerful that can be,” he argued. Raindrop co-founder and CCO, Vivan Shridharani, added that the solution was helping to address the UK’s lost pensions challenge, with adoption highlighting demand for integrated digital journeys.

The Pensions Management Institute (PMI) has opened applications for its 2026 Mentoring and Development Programme.

Now in its seventh year, the 12-month programme pairs senior industry figures with mentees to provide career guidance, sector insight and professional development. The initiative, sponsored by People’s Partnership and delivered in collaboration with the Institute of Leadership, will begin on 5 May 2026, with applications closing on 6 April. PMI chief customer officer, Varsha Gicas, said the programme played a key role in strengthening the industry’s future workforce. “The Mentoring and Development Programme is one of the most meaningful ways our members can shape the future of pensions,” she stated. The scheme includes at least six mentoring sessions across the year, alongside structured development opportunities designed to build confidence, expand networks and support career progression.

Lothian Pension Fund has completed the £23.4m acquisition of Hanover Buildings in Edinburgh.

Advised by Lismore Real Estate Advisors, the deal reflected a net initial yield of 5.66 per cent and included a 145-bedroom hotel let to Hub by Premier Inn, alongside five retail and leisure units. The hotel element, secured on a long index-linked lease, accounted for around 70 per cent of the asset’s income. Lismore Real Estate Advisors director, Colin Finlayson, noted that demand for UK hotel assets remained strong, particularly in Edinburgh, where supply constraints and tourism continue to support performance. Lothian Pension Fund portfolio manager, Nicola Barrett, added that the acquisition aligned with the fund’s strategy of securing resilient, income-generating real estate investments delivering long-term returns.

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