IPE's United Kingdom Coverage – Page 10
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News
Pharmacists to complain about Boots and L&G buy-in deal
Pharmacists union members plan to complain about the removal of an unreduced pension option following Boots and L&G transaction
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News
Corporate strategy and pension schemes’ ESG agendas misaligned, survey finds
Only 37% of CFOs and senior executives reported their corporate strategy and schemes’ ESG agendas are aligned
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News
USS to reduce contribution level to 14.5% in January
While reporting a healthy surplus, lowering contribution rates and improving benefits is a ‘positive backdrop for USS’, says CEO Carol Young
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News
NBIM extends long-running Niger Delta engagement with Shell, Eni
Norwegian SWF says ‘still a forward-looking risk of norm violation’ by the oil companies
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Analysis
FCA did not consider UK pension funds concerns over listing regime
The Authority set out proposals to make UK listing regime ‘more accessible, effective, and competitive’
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News
UK to conduct transition finance market review
Review to be led by Vanessa Havard-Williams, former head of Linklater’s global environmental and climate change practice
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News
Pension fund money makes up smaller slice of asset managers’ AUM
European asset managers seen tending €29trn in 2023 after stronger markets this year
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News
PPF and DWP explore legislative changes to further reduce levy
Next year’s target collection of £100m will be the lowest levy the PPF has ever charged
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News
UK pension funds call for more control over proxy voting
Signatories to an open latter to asset managers include London CIV, Merseyside Pension Fund, Environment Agency and Smart Pension
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News
Cultural shift needed to make pension reforms work, says London minister
The Edinburgh and Mansion House reforms would address some ‘friction points’, says Bim Afolami
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News
UK pensions industry calls for reform of state pension
IFS suggests four-point pension guarantee to provide greater certainty over what people can expect to receive from the state pension
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News
Railpen expects companies to use new ISSB standards ‘at a minimum’
‘In 2024 we will continue to use our voice to advocate for the strong shareholder rights and effective corporate governance, which ultimately benefit both investors and companies,’ says Railpen
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News
UK schemes misaligned with climate transition, says XPS study
The average implied temperature rise of scheme holding is 2.8°C, much higher than the Paris Agreement targets of 1.5°C
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News
FRC updates actuarial guidance in light of increased buyout activity, superfunds
FRC is also considering feedback received in relation to TAS 310
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Opinion Pieces
Viewpoint: Unequal voting rights must be phased out
Weakening protections around dual class share structures will not deliver the desired benefits
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News
UK CDC schemes face challenges with transparency and fairness
PPI warned that maintaining the aim of greater transparency and fairness in the UK will lead to challenges for decumulation CDC.
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News
Railpen framework to help investors assess their capacity to invest in illiquids
The framework focuses on the illiquidity aspect of private markets, rather than the potential for additional return or diversification
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News
De-risking gains in importance for pension schemes approaching endgame
56% of survey respondents identify de-risking as investment priority
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News
Church of England Pensions Board outlines strategic plan to reach climate transition goals
CEPB’s climate action plan focuses on key systemic risks like demand for fossil fuels, corporate climate lobbying, climate finance in emerging markets, says Adam Matthews
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News
Thales Pension Scheme secures £2.7bn buy-in with Rothesay
The transaction secures benefits of over 16,000 members – 10,512 pensioners and dependants as well as 5,915 deferred members