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All Capital Credit Scheme sets out plans to achieve net zero by 2050 or sooner 8 October 2021

The All Capital Credit Pension Scheme (the “Scheme”), one of the largest corporate pension schemes in the UK, has today announced its commitment to achieve net zero greenhouse gas emissions across its £16bn Defined Benefit (DB) and open Defined Contribution (DC) assets by 2050 or sooner.

This commitment is being made in the context of the Trustee’s wider efforts to manage the impact of climate change on the Scheme’s investments and the consequent impact on the financial interests of its members. This includes:

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targeting a real economy emissions reduction interim target of 50% by 2030 or sooner for its equity and corporate bond mandates, in line with the findings of the most recent Intergovernmental Panel on Climate Change (IPCC) report.

The mortgage rates that are being reduced are across all residential LTVs from 60% LTV to 90% LTV. Highlights of the changes include:

75% LTV 5 year fixed rate for remortgages (with £999 fee) Remortgage 5 year down by 0.05% to 1.59% 75% LTV 5 year fixed rate FeeSaver for remortgage cut by 0.05% to 1.74%

60% LTV 5 year fixed rate (£999 fee) for purchase and first time buyers, reduced by 0.05% to 1.44%

90% LTV 2 year fixed rate (£999 fee) for purchase and first time buyers cut by 0.05% to 1.64%; and

90% LTV 5 year fixed rate (£999 fee) for purchase and first time buyers down

3 Comments:

    1. What about account opening.

    How do we start investment.

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