Fintech company Cushon, specializing in workplace pensions and savings, joins the Association of British Insurers (ABI) as its newest member.

Fintech company Cushon, specializing in workplace pensions and savings, joins the Association of British Insurers (ABI) as its newest member.

In a significant move, Steve Watson, Director of Policy & Research at Cushon, has underscored the importance of major providers uniting their voices to bring about change that benefits savers. This call to action comes as Cushon, a fintech offering a range of workplace ISAs, including the Lifetime ISA, and a pension with an innovative app, becomes a member of the Association of British Insurers (ABI).

The ABI, which represents over 300 firms managing investments of £1.5 trillion, views Cushon's membership as a crucial addition, especially during the period of planned regulatory change. Cushon's commitment to areas such as embracing private markets, decarbonization, and enhancing member engagement aligns perfectly with the ABI's mission.

Yvonne Braun, Director of Long-Term Savings at the ABI, expressed delight at Cushon's joining and looks forward to working closely together.

In a bid to support high-growth companies and improve member outcomes, the Autumn Statement announced measures aimed at unlocking investment. In response, Cushon has announced a target for its main default fund to achieve an 80% reduction in Scope 1 and 2 carbon emissions by 30th September 2030. This commitment to decarbonization is not new for Cushon, as its Master Trust already has one of the largest allocations in the Master Trust sector to private markets.

Moreover, in November, Cushon became the latest signatory to the Mansion House Compact, committing to allocate at least 5% of its assets under management to unlisted equities by 2030. This commitment is shared by other leading firms, such as BlackRock, which has set a similar goal for its flagship fund.

Cushon continues to sponsor the joint PLSA/ABI annual Pay Your Pension Some Attention campaign to boost pensions understanding and engagement. The fintech's workplace pension and savings products aim to empower savers to build a better financial future.

In a world where sustainability and member engagement are paramount, Cushon is making strides in ensuring that its offerings are not only innovative but also responsible and beneficial for its members. By joining forces with the ABI and other stakeholders, Cushon is poised to play a significant role in shaping the future of the pension and savings sector.

Read also:

• Unveiling the Less-Discussed Disadvantages of Buds - Revealing the Silent Story
• Grid Risk Evaluation Strategy By NERC Outlined, Focusing on Potential Threats from Data Centers
• Rapid Expansion in Organic Rice Protein Market Projected at 15.6% Through 2034
• The Virtual Commissioning Market is projected to exceed $4.86 billion by the year 2034.