- The Dutch central bank and regulator, De Nederlandsche Bank (DNB), is to align its €9bn of reserves with the Paris Climate Agreement.

“With our own reserves, we want to make a positive contribution to the transition to a carbon-neutral economy. Our aim is to bring all investments in equities and corporate bonds in line with the Paris Climate Agreement by 2030, and to halve the carbon footprint of these portfolios compared to the base year (2019),” DNB stated.

“We have set this target to achieve real-world carbon reductions, rather than simply to decarbonise our portfolio. We will evaluate the effectiveness of our approach annually, analysing whether our lower carbon footprint is actually due to carbon reductions by the companies in our portfolios.”

- Swedish pension provider, Lansforsakringar, has announced there will be a change in the fund offering within unit-linked insurance, effective from this month.

The JP Morgan Africa fund is being replaced by JP Morgan Emerging Small Cap and those who save in the fund will have their investments transferred automatically. The pension provider noted, however, that members will also be able to switch to another fund choice in the range if they so wish.

- Coats Group has reached an agreement with the trustee of the Coats UK Pension Scheme to switch off pension deficit repair payments from 1 January 2024.

As part of this, the group agreed to pay a one-off lump sum payment of £10m to move the scheme into an expected surplus position against the technical provisions funding basis and enable the 'switch off' threshold to be comfortably met.

The agreement is expected to result in a free cash flow benefit of £2m per month while the payments remain switched off, with deficit repair payments to remain switched off so long as the scheme’s assets remain above 99 per cent of its technical provisions.

---