Gresham House’s Thriving Investments Residential Secure Income LP (ReSI LP) has passed £400m in commitments following an investment from Worcestershire Pension Fund.

The latest commitment, for an undisclosed amount, will help to deliver more than 700 new affordable homes across Worcestershire, Herefordshire and the wider UK. The open-ended shared ownership fund, launched in 2021, now counts five local government pension scheme (LGPS) investors and has supported over 2,300 affordable homes, offering schemes long-term, inflation-linked income while addressing local housing needs. Fund manager, Ben Fry, said the backing was a “strong endorsement” of ReSI LP’s strategy, adding that the capital would “make a meaningful contribution to people and communities” nationwide. Echoing this, chair of Worcestershire’s pension committee, Cllr Adrian Hardman, added that the investment aligned with the fund’s aim of securing strong returns while “supporting the development of affordable homes” in the region, noting Gresham House’s “proven ability to scale shared ownership housing effectively and responsibly”.

Barnett Waddingham’s BW CORE governance platform has surpassed 100 pension clients.

The system has now been adopted by more than 100 pension schemes, 18 months after launch and following the rollout of a wider digitised, self-service version earlier this year. The platform, which supports schemes ranging from £5m to £9bn, integrates key governance processes, including ESOG analysis, risk management, and ORA preparation, to help schemes meet The Pensions Regulator’s general code requirements. Principal and senior pension management consultant, Luke Williams, said the milestone reflected how the system is “genuinely making a difference to governance and risk processes”, adding that BW CORE was designed to work “irrespective of size and complexity”. Independent trustee, Jon Sharp, described it as a “market leading solution” that saves time and money by streamlining governance, while The Trustee Corporation director, Robert Gravill, said it had helped the Remploy scheme establish a “robust and well-documented governance structure” and better assess its operational, funding and investment risks.

The Pensions Administration Standards Association (PASA) has published guidance on the Data (Use and Access) Act 2025 (DUAA).

The paper outlines the key implications of the Act for pension schemes, highlighting significant changes to automated decision-making, digital identity, recognised legitimate interests, SAR processes and complaints handling. The DUAA, which received Royal Assent in June, introduces major updates to the UK data protection regime and will shape scheme governance, administration and saver experience. PASA Industry Policy Committee co-chair, Ross Wilson, said the Act represents “the most meaningful shift in data protection requirements since UK GDPR”, stressing the need for practical clarity as schemes adapt. PASA chair, David Fairs, added that strong data governance is “central to delivering good saver outcomes”, noting that the paper aims to give schemes confidence as they refine processes in response to rising expectations across the pensions ecosystem.

People’s Pension has unveiled a new regular income retirement planning tool.

The tool is aimed at supporting members using its in-scheme drawdown proposition, as part of a wider programme of retirement support enhancements. Integrated within online accounts, the program allows savers to set an income level or target duration, view projections based on Hymans Robertson modelling, and adjust for inflation, with ongoing alerts and updated sustainability forecasts each time they log in. The nine-step journey also aims to give members clearer visibility over how long their income may last, with telephone-based guidance also available. Proposition director, Kirsty Ross, said members “need tools that make the transition easier” as more move from saving to spending, emphasising the importance of flexibility and confidence as retirement circumstances evolve. Distribution director, Stuart Reid, added that employers increasingly recognise a “duty of care” to support workers into retirement, and that sustainable income planning is now “an essential part” of financial wellbeing.

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