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UK

DNB to assess Dutch asset management charges

LGPS transparency code to show investment costs 'over £1bn' [updated]

Tue, 27 Jun 2017By

Improved disclosure to reveal the true level of fees as asset managers brace for regulator’s report

FCA office

IPE 360: Asset managers should 'fight back' against regulator

Tue, 27 Jun 2017By

Carillion Pension Trustees chair Robin Ellison argues that UK watchdog is going too far with asset management review

Luxembourg

M&G to transfer €7bn to Luxembourg ahead of Brexit

Tue, 27 Jun 2017By

Transfers to take place in November into four new Luxembourg SICAVs

Sterling

Accounting roundup: Discounting, ClientEarth, FTSE 350 audits

Tue, 27 Jun 2017By

No change to foreign currency discounting; environmental lawyer flags up BoE climate change concerns

china the new global leader

IPE 360: The political concerns you should have on your radar

Mon, 26 Jun 2017By ,

What keeps an economist, a law professor, and an asset owner up at night?

London eye

UK government divestment rules 'unlawful', court rules

Mon, 26 Jun 2017By

LGPS funds not banned to comply with foreign or defence policies when implementing divestment decisions

Brexit uncertainty hits UK markets

UK roundup: London CIV, TPR, Coats Group, Vesuvius, PIC

Mon, 26 Jun 2017By

Also: Regulator finalises settlement with Coats pension fund; Pension Corp seals buy-in with Vesuvius

Ros Altmann

IPE 360: UK auto-enrolment nearly got pulled, says Altmann

Fri, 23 Jun 2017By

Former pensions minister addresses delegates at IPE 360 conference

The city of Glasgow

Strathclyde returns 23%, completes first phase of strategy shift

Thu, 22 Jun 2017By

Strong equity markets drove performance, offsetting impact of cutting allocation

Big Ben and the Houses of Parliament, London

UK roundup: More calls for rethink of DB rules

Thu, 22 Jun 2017By

Cass Business School highlights DB funding difficulties but government backs away from reform

Dorset, England

UK regulator suggests new scheme-sponsor separation mechanism

Mon, 19 Jun 2017By

Separation could be based on scheme viability rather than employer insolvency

People

How scheme size can affect consultant, fund manager relationships

Fri, 16 Jun 2017By

Large schemes can use asset managers more strategically, research argues

London eye

UK pensions lifeboat fund to expand portfolio insourcing

Thu, 15 Jun 2017By

Pension Protection Fund expects assets under management to grow to £32bn by 2020

White cliffs of Dover, England, UK

UK roundup: FTSE100 companies' DB liabilities up £100bn in 2016

Thu, 15 Jun 2017By

Plus: Fiduciary management, investment performance measurement mandates

David Gauke DWP secretary of state

All change for UK government pension policymakers post-election [updated]

Thu, 15 Jun 2017By

Department of Work and Pensions gets new secretary of state, new pensions minister  

Pounds sterling

Dividend increases outstripping deficit payments: UK regulator

Wed, 14 Jun 2017By

TPR releases data contextualising call for balance between dividends and deficit reduction contributions

Amsterdam netherlands

Dutch government fears losing UK as partner on EU pensions

Mon, 12 Jun 2017By

State secretary Jetta Klijnsma stresses that the Netherlands need to stay focused

Stock market returns

UK election: Rising interest rates could help cut DB liabilities

Fri, 9 Jun 2017By

Public spending boosts aimed at wooing voters could end up helping underfunded pension schemes

Big Ben and the Houses of Parliament, London

UK election: Questions over DB reform as Conservatives seek coalition

Fri, 9 Jun 2017By

Green paper review of defined benefit pension system unlikely to be carried forward in its current format

PFZW takes stake in green bonds

ESG roundup: AP2 backs impact investment fund with $50m

Tue, 6 Jun 2017By ,

Also: UK public pension funds team up with 50/50 Climate Project; KLP excludes 10 companies

All Latest UK News

Pensions In UK: Of Brexit, deficits and LDI

September 2016 (Magazine)By

With a potential Brexit in sight, Carlo Svaluto Moreolo asks whether the assumptions underlying liability-driven investment (LDI) need to be reconsidered 

Liquidity warnings

September 2016 (Magazine)By

Regulation is constraining pension funds’ ability to manage risk and they should prepare for future illiquidity

Pensions Accounting: Managing change

September 2016 (Magazine)By

UK defined-benefit deficits are ballooning. The Brexit vote might initiate behavioural change, Stephen Bouvier writes

DC Income Strategies: Another egg in the NEST?

September 2016 (Magazine)By

As the UK government consults on whether NEST should be allowed to enter the drawdown market, Jonathan Williams examines the arguments for and against its entry, and what the fund can learn from Australia

Diversified Growth Funds: Diffusing the risk

September 2016 (Magazine)

Katherine Lynas and Adam Gillespie point out that strong diversified growth funds distinguish themselves in performance terms at times of heightened market stress

All Pensions in UK

Sterling

Accounting roundup: Discounting, ClientEarth, FTSE 350 audits

Tue, 27 Jun 2017By

No change to foreign currency discounting; environmental lawyer flags up BoE climate change concerns

Glencore coal mine

Accounting roundup: BP, Glencore under pressure on climate change

Fri, 2 Jun 2017By

Also: IASB puts pension accounting project on hold but presses on with new reporting standards for insurers

Perpetuum mobile

June 2017 (Magazine)By

The Dutch people are used to drawn out pension reform

Politics needs a longer lens

June 2017 (Magazine)By

It is necessary to come to terms with the end of left and right

Lending risks are exaggerated

June 2017 (Magazine)By

Patient investors will benefit from an exposure to alternative credit

All News and Opinions

  • EU seeks to avert Brexit arbitrage

    Strong words on Brexit are flying in political circles. But behind the theatre, concerns about the future of London’s fund management sector are emerging

  • Letter from Brussels: A warm reception for PEPP

    In contrast to complaints that Brussels’s legislation burdens the financial sector, the European Commission may be gratified by the positive response to its flagship Capital Markets Union (CMU) programme. 

  • Letter from Brussels: Brexit and equivalence

    Nothing could be clearer. For the financial sector, at least, there is nothing to fear from Brexit. All the UK has to do is to apply to the EU’s rules – the crucial term ‘equivalence’

  • Letter from Brussels: Resaver’s first stage kicks off

    The European Commission’s project to set up a pension scheme for research and development professionals whose careers take them across EU borders has finally reached its first stages of operation.

  • Letter from Brussels: Unclear on clearance

    The prolongation for 18 months of pension funds’ exemption from posting collateral when trading over-the-counter (OTC) derivatives is leading PensionsEurope to seek clarification. 

  • Letter from Brussels: EU focus on tax tricks

    There is increasing attention in Brussels on company reporting, taxation and offshore financial centres. The G20 and some OECD countries have demanded country-by-country reporting rules for multinational companies with a turnover over €750m

  • Letter from Brussels: Pan-EU private schemes for 2017?

    Legislation proposing pan-EU personal pension products (PEPPs) could be tabled in 2017, according to the European Commission

  • Letter from Brussels: A vision for cross-border workers

    A former director of the European Association of Paritarian Institutions (AEIP) has proposed a new option for occupational pensions that could help the large number of workers whose careers take them across EU internal borders.

  • Letter from Brussels: Weighty in-tray for new CMU commissioner

    Valdis Dombrovskis has assumed responsibility as commissioner in charge of the flagship Capital Markets Union project. But he has also assumed the added complication of the withdrawal of the UK

  • Letter from Brussels: Posted worker woes

    It will not be the first time that proposed revisions to EU rules affecting finance and pensions get stuck in a logjam between interests groups

  • Letter from Brussels: Tax targeting continues

    Pressure to clean up the financial sector has led to copious legislation from Brussels. 

  • Letter from Brussels: Ethical pressures mount

    There are plenty of indicators of rising pressure to advance ethical standards across the financial sector. One outcome takes the form of mountains of clean-up legislation, including from Brussels. 

  • Letter from Brussels: Beefing up the CMU

    Inadequacy of European national court systems in the financial sphere is due for overhaul. Upgrade is necessary if the EU’s capital markets union programme (CMU) is going to get anywhere, according to a high-status paper

  • Letter from Brussels: Race to upgrade EFSI

    Legislative moves to support the EU’s European Fund for Strategic Investments (EFSI) are being rushed through Brussels. But, so far, evidence of any torrent of fund movement by the institutional investment sector across EU frontiers has yet to emerge.

  • Letter from Brussels: A simmering conflict

    Conflict continues to simmer over the issue of passport rights for non-EU-domiciled hedge funds across the EU

  • Letter from Brussels: A lawyer’s feast

    It is a case of tackling one challenge after another in the Capital Markets Union (CMU). According to the European Commission, the present morass of different national insolvency rules creates a barrier to the flow of capital across the EU. 

  • Letter from Brussels: Cross-border challenge for IORP II

    IORP II may have cleared the European Parliament’s committee stage but amendments tabled to the second directive covering occupational pensions since 2003 are so radical that it would be unwise to forecast its future.

  • Letter from Brussels: Focus on low returns

    Dismally low returns on EU pension fund investments over 15 years? The allegation comes in a study by Better Finance, the European Federation of Investors & Financial Services Users. The report, Pensions Savings: The Real Return, points to excessive fees, points to other charges, and badly framed taxation rules, as the culprits.

  • Cayman Islands Sign

    Letter from Brussels: Pressure builds on tax havens

    Brussels’ financial focus is on aggressive corporate tax planning and the related question of tax havens. This concerns the hedge fund ‘passport’ rights to do business across the EU and compliance of the offshore jurisdictions where they are domiciled to EU norms.

  • Letter from Brussels: A tricky path ahead

    The process of making pensions policy in Brussels between now and end of the year resembles two juggernauts moving towards each other

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