United Kingdom: Pensions and Investment News and Analysis
Latest news and analysis of pensions, asset management, regulation and trends in the United Kingdom from our award-winning journalists.
TPR reviews tender process for fiduciary management services
Introducing these regulations ‘should not place an additional burden on schemes,’ says Fairs
UK pension fund deficits drop by £2bn
‘The threat of global recession still looms over growth markets,’ XPS says
PPF picks specialist firm to assessment period panel
Quantum Advisory will join Broadstone Pensions, Barnet Waddingham and Spence & Partners
Country Report - Pensions in the UK (May 2022)
The 80-plus local government pension funds in England and Wales have been on course to consolidate into eight asset pools for the last six years, with a target of €1-2bn in cost savings by 2033.
Collective defined contribution schemes point to improved returns
DWP plans to consult later this year on a package of prospective design principles and approaches to accommodate new types of CDC schemes
Technology is sole trustees’ biggest challenge, says Hymans Robertson
Changing post-pandemic styles of working combined with a need for agile decision making, has created an increased demand for real-time technology solutions
Border to Coast to set out net-zero roadmap this autumn
UK local government pensions pool to publish detailed plan a year after making 2050 climate pledge
UK DB schemes expected to reach long-term funding target
85% believe they will reach the target within nine years
UK roundup: Evri couriers pick Smart Pension
Plus: Profit warnings from companies with a DB scheme increased 70%; TPT master trust to make £75m impact investment
DWP’s latest DB funding rules consultation falls short on specifics
No room for flexibility
USS emphasises value for money after ‘unwelcome’ benefit changes
UK universities pension scheme says analysis shows it is almost a quarter cheaper than peers
London CIV posts gross savings of £25m
‘We do understand the challenges involved as each client fund wants to make investment decisions based on their decisions about strategic asset allocations,’ says chair
Border to Coast delivers £14m cost savings
‘The collective scale achieved through pooling gives our partner funds an influential voice that has a real impact,’ says CEO
Norway’s SWF manager pushes for companies to set science-based targets
Smith Ihenacho pens response to UK’s blueprint for company transition plans, ‘broadly agreeing’ with principles, key elements
Most businesses not factoring in second-order climate risks, says firm
Countries ranked in terms of preparedness for knock-on effects of climate change – civil unrest, mass migration
High inflation impacts timing of retirement decisions
As a result of falling long-term inflation expectations, UK DB long-term liabilities over the last three months have reduced by around £140bn
UK Treasury urged to reinvest £1bn to help savers
Last rise in state pension age also led to increases in rates of poverty and unemployment
UK roundup: New measures to boost pension scheme investment diversity
Plus: PLSA calls for six-month formal notice ahead of dashboards launch; ZEDRA launches pensions-focused offering
NEST appoints HarbourVest as part of £1.5bn private equity push
New mandate will play an important role in helping NEST invest around 5% of its portfolio in private equity
UK roundup: APPG recommends auto-enrolment equivalent for self employed
Plus: Isio partners with CIPFA to support LGPS funds; Just Group completes £500m DB de-risking transaction
UK government’s response to dashboards regulations calls for data concerns
Plus: DWP to launch taskforce on social factors to improve data
Morrisons scheme rescues McColl’s 2,000 pension members
The schemes have now formally exited their PPF assessment periods
UK roundup: EDS scheme completes £1.1bn buy-in with PIC
Plus: PPF achieves strategic priorities
Border to Coast commits final investments in first £5.7bn private markets programme
In total, the programme invested into 61 funds and made three co-investments
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