Pensions - Articles - Planned communication updates on the Green Savings Bond


Aegon welcomes planned communication updates on the NS&I Green Savings Bond

 Steven Cameron, Pensions Director at Aegon said: “The government risks sending out mixed messages with today’s NS&I green savings bond launch, paying a modest 0.65% interest rate over a fixed 3 year term. Elsewhere, there’s a drive from both Government and regulators to encourage people to move any ‘excess’ cash savings, paying very little in interest into stocks and shares which offer the potential for real growth and which can also support the green agenda and the UK’s economic recovery. The messages are mixed further by the likelihood of future rises in both inflation and interest rates.

 “While the 0.65% interest rate is unlikely to be particularly appealing, the intention to provide regular updates on how the funds are being used is innovative and may capture the public’s attention. With plans to require occupational pension schemes to report on alignment with the Paris agreement, might the Government lead the way by doing likewise within the Green Savings Bond’s investments?”

Back to Index


Similar News to this Story

Wish list for the occupational pensions industry in 2025
As one year closes and another begins, it's an opportune moment to set our sights on the future. The UK occupational pensions industry faces nume
PSIG announces outcome of Consultation
The Pensions Scams Industry Group (PSIG), which was established in 2014 to help protect pension scheme members from scams, today announced the feedbac
Transfer values fell to a 12 month low during November
XPS Group’s Transfer Value Index reached a 12-month low, dropping to £151,000 during November 2024 before then recovering to its previous month-end po

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.