Latest news and analysis of pensions, asset management, regulation and trends in the United Kingdom from our award-winning journalists.
IIGCC, PRI and UKSIF, among others, expressed concern with the prime minister’s proposals to ‘backtrack on vital policy measures that support the UK’s transition to net zero’
IOSCO recently highlighted valuations as a vulnerability for the private sector
EDHEC Infrastructure & Private Assets Research Institute recommends The Pensions Regulator set up best practice rules
UK pensions are at a crucial juncture. The UK Parliament’s inquiry into the LDI crisis of September 2022 shed some light on its causes, but the debate on the role of LDI is alive and well. Meanwhile, regulators including The Pensions Regulator and the Financial Conduct Authority have advised pension schemes on how to make LDI strategies more resilient to shocks.
Proposed reforms are expected to improve insurers’ investment flexibility by enabling broader and quicker investments in their matching adjustment portfolios
The City of Edinburgh’s Council Pension Committee will review merger options in two years’ time
The SPP expects schemes to focus on resilience, against rising interest rates, defaults and longevity
It will start to price at a scheme level and has already started to reform its bulk transfer capabilities with a new specialist team
The median gender pay gap rose to 11% and ethnicity pay gap rose to 18%.
ONS data indicates that the total value of DB pension schemes decreased from over £2trn at the start of 2022 to less than £1.4trn by the end of March
Total shareholder return is the most common metric that shareholders employ to align interests, but it is often short term-oriented
Aon will provide implementation services alongside expert investment advice, including journey planning, to help scheme trustees make better decisions
Most of the requirements, including setting targets, would only apply to the largest firms
The growth focused programme complements the thematic Horizon private equity strategy that BTPS co-founded with Federated Hermes
The transaction also involved the successful transfer of an illiquid asset from the pension scheme
New fund is first using service unveiled by AMX and DWS last year
The Thames Water failure was foreseeable
Edi Truell blames decision about Pension SuperFund on regulatory environment
‘Staying the course not incompatible with addressing immediate cost of living concerns’
The transaction marks the fund’s third and final deal with Legal & General
Patrick was a leading figure in the pensions industry for over 25 years
UK call for government to make TNFD compulsory; UKSIF says ISSB should introduce disclosure standards for biodiversity, drawing on taskforce’s framework
The buy-in for M&G’s own pension fund secures the benefits of 1,414 pensioners and deferred members
It will ‘dramatically improve financial resilience in retirement for young people, women and lower earners,’ says DWP