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The UK’s state-backed pension scheme has agreed a tie-up with insurer Legal & General and Dutch pension fund manager PGGM to invest up to £1bn in build-to-rent properties, in a deal hailed by the UK government as an example of how the country’s retirement savings can be directed towards its homebuilding effort.

The groups are today announcing a partnership with an initial £350mn commitment of combined investment, expected to grow to £1bn in the coming years, to build and manage rental properties on city-centre brownfield sites. It expands on an existing joint initiative between the UK insurer and the Dutch group.

“We can see there’s a critical shortage of housing supply, coupled with increasing demand for high-quality rental homes,” said Elizabeth Fernando, chief investment officer at Nest, the state-backed UK workplace pension fund, which now has assets of £43bn from its 13mn savers. 

The tie-up comes as the UK government seeks to unlock billions of pounds of investment from the country’s pension funds to boost the economy.

In July, the government announced the first part of its pensions review. Policymakers have long sought to encourage more pension investment in areas such as infrastructure and housebuilding. 

UK pensions minister Emma Reynolds said the announcement “highlights the opportunities for our pensions sector to contribute to our communities and grow the economy”. 

“By building more properties, we can extend to our [scheme] members a great investment opportunity while helping to meet this demand and bolster the rental market,” said Nest’s Fernando.

Increasingly, the focus is on so-called defined contribution pension schemes, which are now the mainstream offering for private sector workers, and where the investment risk sits with the saver.

Nest, a DC scheme, was established to support the 2012 auto-enrolment reform that required employers to enrol all eligible workers into a workplace pension scheme. 

After feedback from its members saying more than half were not sure how much of their savings were invested domestically, it plans to publish a quarterly summary.

L&G has plugged £3bn of capital into the build-to-rent sector, creating more than 10,000 rental homes since it began a partnership with PGGM eight years ago. 

The groups said locations for the investment had already been identified but did not name them. PGGM said it would generate stable financial returns for its client PFZW, a pension scheme for healthcare workers.

L&G chief executive António Simões said the latest deal was a “strong step forward in putting pensions to work” and he highlighted the significant gap between housing supply and demand. “Institutional investment has an important role to play, and we expect investor demand in the UK’s build-to-rent sector to continue to grow,” he added.

Rachel Reeves has been warned not to allow Britain to return to austerity as Labour faces the prospect of a conference revolt on the winter fuel payment.

The Chancellor will promise that a difficult Budget will pave the way for economic growth in the long term, using her party conference speech on Monday to set out a more positive vision after weeks of dire warnings about the Government’s inheritance from the Conservatives.

But senior party figures have joined trade unions in urging Ms Reeves to avoid any return to the squeeze on the public finances carried by the last Government.

Tracy Brabin, the Mayor of the West Midlands, told i that the economic picture was “shocking” and would require the Chancellor to make hard decisions about spending restraint.

But she added: “We’ve been here before, we’ve seen this movie. Austerity does not grow the economy. Rachel is incredibly smart, she will understand that balancing act. She’s dancing on the head of a pin in a way – that she has got to deliver the investment to grow the economy, whilst also dealing with the absolute carnage that was left from the previous Government.”

In her speech, Ms Reeves will insist that balancing the books is an essential step towards future growth. She is expected to say: “I can see the prize on offer, if we make the right choices now. And stability is the crucial foundation on which all our ambitions will be built. The essential precondition for business to invest with confidence and families to plan for the future.”

The Chancellor will add: “There will be no return to austerity. Conservative austerity was a destructive choice for our public services – and for investment and growth too. We must deal with the Tory legacy and that means tough decisions. But we won’t let that dim our ambition for Britain. So it will be a Budget with real ambition. A Budget to fix the foundations. A Budget to deliver the change we promised. A Budget to rebuild Britain.”

She will repeat her pledge to avoid hikes to income tax, national insurance, VAT or corporation tax, saying: “We said we would not increase taxes on working people.”

Ministers are braced for an embarrassing defeat on the decision to scrap winter fuel payments for most pensioners, announced by Ms Reeves in July.

Trade unions are expected to succeed in a bid to force a vote on the cut, which has proven controversial with MPs and campaigners for the elderly.

Unite’s general secretary Sharon Graham said: “The government’s winter fuel policy needs to be reversed. Targeting everyday people without much money is not a tough choice – it is a mistake.” Her union will hold a rally at the conference in Liverpool to urge delegates to back the motion.

She has also demanded a commitment from the Prime Minister Keir Starmer that “we’re not going to take this country down austerity mark two”.

In his own conference speech, Darren Jones, the chief secretary to the Treasury, warned: “There is no magic wand behind those black doors. It’s just us, people making decisions with Labour values in our hearts.” He added: “To fix the foundations and rebuild Britain requires difficult decisions every day. But these difficult decision give us the opportunity to invest in change.”

The Conservatives have accused Labour of misleading the public over the extent of the economic problems the country faces. Jeremy Hunt said: “The Chancellor has already damaged the UK’s international reputation by talking down her inheritance in order to score political points. If she believes in growth, where is the plan? People are beginning to suspect there may not be one. If all we get in the Budget is tax rises and employment laws that deter investment and job creation she will have thrown away a golden opportunity.”

Courtesy Fairmont Chateau Whistler, Tal Vardi

Upon entering the large lodge-inspired grand lobby, guests are impressed by Fairmont Chateau Whistler from the very first steps. With tasteful art accenting the walls, soaring ceilings, and an appropriate mountain ambiance, Fairmont continues its commitment to excellence in both amenities and service at this Western Canada property.

The Fairmont Gold Experience is an absolute must while enjoying a stay. A hotel-within-a-hotel, the private check-in, concierge service, not to mention the bites, wine and cocktails, can all be enjoyed from the cozy nooks of the club lounge with mountain views and warm club atmosphere.

Fairmont Chateau Whistler is a playground for mountain enthusiasts, and for kids, an actual new playground is now on property. Pickleball is also popular on site, and locals and hotel guests alike can be found enjoying Fairmont Fridays May through end of October lounging on the grounds on oversized pillows. The Mallard is a perfect spot to order food to be enjoyed in this relaxing lawn during the 24-week program offering. For an exclusive and memorable dining experience, venture to The Clubhouse, with breathtaking views of the surrounding mountains, situated off the 18th hole. A four-season destination, the property is popular year-round with spring, summer, winter and fall activities available for an ever-changing scene.

Home to its own rooftop chapel, the hotel is a dreamlike venue for weddings year-round. A Chef’s Rooftop Garden and tented space for up to 300 guests accommodate a wide variety of wedding visions. The property is also home to three ballrooms and a conference wing, for more corporate meetings and gatherings.

Whistler is all about getting outside, and when you’re ready to tear yourself away from your stunning room, the Whistler Experience Guide is ready to elevate your trip. Guiding guests through a multitude of local experiences, small groups or personal tours encompass everything from paddle boarding at sunrise to walking guides of the village; a valley trail hike or enjoying a flight of beer at the Whistler Brewing Company. For the really adventurous winter guests, participate in a Polar Bear Lake Dip—this journalist will be found sipping hot cocoa in the Fairmont Gold lounge while you go enjoy that invigorating icy activity.

They say the three rules of real estate are: location, location, location and Fairmont Chateau Whistler excels in that department. Walking distance to the gondolas, the mountain views and proximity to the village make for an excellent setting. Radiante Taqueria Terrace, open during the summer, is an outdoor patio celebrating Mexican cuisine and cocktail culture. Under the sweeping boughs of a huge pine, chefs and servers busily prepare delicious snacks such as street corn, crab tostadas, and pasilla braised short rib tacos accompanied by margaritas and imaginative cocktails. It’s a perfect spot to take in the warmer months and luxuriate in the peaceful yet activated setting.

The Grill Room is steps away and the AAA Four Diamond-rated restaurant does not disappoint. With an emphasis on locally grown and sourced ingredients, the restaurant is consistently awarded for its culinary excellence and wine selection. Enjoy a prix fixe menu, or order a la carte from the seafood, land & skies, ocean or steak options on the menu. Make sure to leave room for dessert—the decadent offerings are delightful.

Home to over 500 rooms, Fairmont Chateau Whistler is an excellent stay in British Columbia’s Coast Mountain range. The outstanding service, luxury accommodations, year-round offerings, and picturesque setting all congregate for a memorable and magnificent experience. For rates and reservations, visit https://www.fairmont.com/whistler/

Courtesy Fairmont Chateau Whistler, Brandon Barre

Fairmont Gold Executive Suite Living Room

Courtesy Fairmont Chateau Whistler, Brandon Barre

One Bedroom Valley View Suite

Courtesy Fairmont Chateau Whistler, Brandon Barre

One Bedroom Valley View Suite living room

Courtesy Fairmont Chateau Whistler

Suite bathroom

Courtesy Fairmont Chateau Whistler, Brandon Barre

Fairmont Gold Fireside Lounge

Courtesy Fairmont Chateau Whistler, Brandon Barre

Fairmont Gold Reception

Courtesy Fairmont Chateau Whistler, Brandon Barre

Fairmont Gold Residential Kitchen

Courtesy Fairmont Chateau Whistler, Hubert Kang

Relax in the Fairmont Gold lounge

Courtesy Fairmont Chateau Whistler

Radiante Taqueria Resturant pop up

Courtesy Fairmont Chateau Whistler, Kevin Clark

The Grill Room fare

Courtesy Fairmont Chateau Whistler, Kevin Clark

The Grill Room fare

Courtesy Fairmont Chateau Whistler

The Grill Room dining room

Courtesy Fairmont Chateau Whistler, Brad Kasselman

Play a round of golf in the scenic mountains

There’s plenty of one-size-fits-all health advice out there. But for people of a certain age, the diet and exercise recommendations aimed at younger folks just aren’t as helpful as they used to be. Our bodies have changed, and we don’t need to start hardcore exercise routines or embark on crazy fad diets that skip entire food groups.

These days, there’s too much health information coming at us from all sides, much of it from questionable sources. That can be overwhelming at any age. We asked a group of cardiologists, nutritionists, and other health professionals for one simple piece of advice they would give to all their senior patients.

What nutritionists wish their patients would do

When it comes to a healthy senior lifestyle, we can all benefit from some advice from a nutritionist who treats senior patients regularly. Four of them shared their top tips, and each one is a powerful tool for wellness.

As we age, it’s especially important to make sure we are getting plenty of fiber. Registered dietician nutritionist Kathleen Garcia-Benson told us: “Fiber is essential for a healthy digestive system, regular bowel movements, and is associated with a lower risk of colon cancer. Easy ways to boost fiber include snacking on berries, adding ground flaxseeds or chia seeds to oatmeal, or using a fiber supplement. Just be sure to drink plenty of water when increasing fiber!”

Nutritionists also urge seniors to make sure they are getting enough protein. According to registered dietician Courtney Pelitera, one of the biggest effects of aging seen across the board is something called sarcopenia, or the breakdown of muscle mass, strength and function.

“A great way to preserve as much muscle as possible (besides regular exercise) is to make sure the diet is adequate in protein,” Pelitera said. “I like to encourage at least 20g of protein or more per meal with older adults.”

Another common problem for seniors is deficiency of vitamin D, which plays a role in muscle movement and immune function, and is needed to keep bones healthy.

“The body becomes less efficient at converting sunlight into Vitamin D as we age, and older adults are at increased risk for having low levels,” said RD Annette Snyder. “Food sources of vitamin D include fatty fish (salmon, tuna, trout, mackerel), egg yolks, fish liver oil, mushrooms, and fortified dairy products.”

Something as basic as hydration can also become a problem for seniors. RDN Colette Micko says this is because the natural mechanisms that increase the sensation for thirst are diminished as you age.

“This means you cannot rely on feeling thirsty to signal that your body needs water,” she said. “Staying adequately hydrated is important for nearly every cell in your body to function, and can help with energy levels, digestion, body temperature regulation and lubrication of joints.”

Micko recommends increasing your water intake to a minimum of 48 ounces per day by drinking on a schedule, always keeping fluids nearby and focusing on hydrating foods like fruits and vegetables. This can all help ensure you are meeting your body’s minimum requirements.

The diet tips medical doctors wish their patients would adhere to

The best thing that older adults can do to protect their heart health is to eat whole, plant-based foods ― and Dr. Katie Golden, a board-certified emergency medicine physician, recommends the Mediterranean diet, to be consumed joyfully with friends and family.

“It’s all about eating fresh fruits and vegetables, whole grains, lean proteins, and healthy fats,” Golden said. “Also, enjoy yourself and the company of those around you while doing it, because mental health and well-being is an important part of physical health.”

And all the cardiologists we spoke to agreed on one thing ― the importance of exercise. Just do whatever you can do. According to Dr. Eldad Einav, a cardiologist, obesity specialist and clinical assistant professor at SUNY Upstate Medical University, study after study shows that exercise helps with blood pressure regulation, cholesterol management, blood sugar regulation, weight maintenance, inflammation, stress, mortality, energy, stamina, sleep, cognitive ability, joint health, balance, mobility, immune system function and social interaction.

Exercise guidelines from a medical doctor

It doesn’t take hours at the gym or training for an Ironman Triathlon to maintain your health. Dr. Dany Sayad, medical director for the Tampa General Hospital Heart & Vascular Institute’s General Cardiology Center of Excellence, told us: “If I could get my senior patients to do one thing, it would be to exercise a minimum of 150 minutes per week.”

“The exercise should be tailored to the patient’s physical abilities,” Sayad said. “Chair yoga, pilates, and most importantly walking would improve not only the cardiovascular system but also lower the risk of fall, the anxiety and ameliorate the sense of well-being.”

Things doctors wish you’d stop doing

If your doctor hasn’t already told you, cardiologists have a short list of habits you need to quit. According to Dr. Philip Nimoityn, a clinical cardiologist at Cardiology Consultants of Philadelphia at Jefferson, “seniors interested in maintaining cardiovascular health should pursue a heart-healthy lifestyle including avoidance of obesity, smoking and excessive alcohol consumption.”

“A well-balanced diet, such as the Mediterranean diet, is beneficial in reducing the risk of cardiovascular disease,” Nimoityn said. He also recommends asking for a few specific tests to make sure your heart is in tip-top shape.

“Better screening for cardiovascular disease can be achieved by supplementing standard lipid screening with additional tests including Apo-B, lipoprotein(a) and high-sensitivity C-reactive protein, which identifies vascular inflammation that can now be treated to reduce future risk,” Nimoityn said. “A CT coronary artery calcium score is also very useful in stratifying an individual’s cardiovascular risk.”This article originally appeared on HuffPost.