Canada Life has launched a new online portal for bulk purchase annuity (BPA) members, aimed at supporting their emotional, physical and financial well-being throughout retirement.

The insurer said its “Your Life Hub” platform is the first of its kind in the BPA market, providing deferred and pensioner members with access to wellbeing services, educational content, tools and calculators, as well as pension information. Central to the service is WeCare, a virtual support offering delivered by Teladoc Health UK, which includes 24/7 GP consultations, mental health and bereavement counselling, nutrition and fitness programmes, second medical opinions, and legal and financial guidance. Canada Life said the initiative was informed by its Life100+ research programme, which found people approaching retirement often experience anxiety around both health and finances. Canada Life BPA managing director, Shreyas Sridhar, said the hub was designed to “change what it means to care for buyout members once they become our customers”. He added: “Member experience needs to evolve and safeguard retirees’ wellbeing in the round, rather than focusing solely on their pension considerations.”

The Trustees of the Townson Pension Scheme have acquired a 13,775 sq ft industrial unit in Warrington.

Located at 30A Kingsland Grange, the detached unit was purchased with advice from CBRE Manchester, represented by Joe Sinclair, while Lee Randle and Rob Millington of Mason Partners acted for the vendor. The acquisition was financed by Handelsbanken, with legal advice provided by Kuits. CBRE senior surveyor, Joe Sinclair, said the asset was a “well-located, modern industrial unit” with potential to capture “significant reversion” at the forthcoming rent review. Mason Partners director, Lee Randle, noted that the property attracted “competitive bids from a number of parties”, adding that the Townson Pension Scheme demonstrated the ability to “transact efficiently and complete within a short timeframe”. Asset manager, Will Townson, said the acquisition aligned with the scheme’s strategy of targeting “reversionary investment opportunities” across commercial property sectors.

The Pensions Administration Standards Association (PASA) has announced that the Local Pensions Partnership Administration (LPPA) has achieved PASA accreditation.

LPPA provides pension administration services to Local Government Pension Scheme (LGPS) funds and other public sector clients, including police and fire schemes across the UK. PASA accreditation committee chair, Lorraine Harper, said LPPA had demonstrated a “clear commitment to delivering strong operational controls, high service standards and continuous improvement”. She added that accreditation represented the “gold standard for high-quality pension administration”. LPPA chief customer officer, John Crowhurst, described the accreditation as an “important milestone” for the organisation and reflected the work of its teams in delivering high-quality pension administration services. He added: “Achieving this standard demonstrates our commitment to excellence, strong governance and continuous improvement.”

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