IPE's United Kingdom Coverage – Page 105
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News
Mercer survey reveals FTSE 350 DB accounting deficits skyrocket by £13bn
Total DB liabilities reached £970bn at the end of July
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TPR: Difficult COVID-19 decisions may call for ‘conflict management advice’
CEO of UK pensions regulator sets out how DB trustees can hold ‘first line of defence’ for members
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LAPFF warns IASB proposals fail to satisfy UK post-Brexit legal test
The forum said that without ‘further substantial changes’ the new IFRS ‘as it stands is un-endorseable’.
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NewsAon: FTSE 350 DB scheme funding gap widens
The top 10% of DB schemes were funded to at least 115% last year, while the bottom 10% were less than 80% funded
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NewsAsset management roundup: LGIM launches secure income range for DB plans
Plus: Franklin Templeton-Legg Mason deal done; AXA IM sees potential for hybrid AGMs
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NewsPLSA delivers guide to ‘new discipline’ of implementation disclosures
Trustees encouraged to take time to produce meaningful reporting about about how investment principles were implemented
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WTW: Passive managers ‘disappoint’ as stewards of fixed income
Stewardship in fixed income is a position of significant influence, says consultancy
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Pension scheme of collapsed rural retailer agrees £100m bulk annuity
PPF+ deal includes flexibility for top-ups when further assets are recouped during insolvency proceedings
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UK universities scheme deficit climbs to £13bn with COVID-19 impact
DB promises were expensive already before the pandemic crisis, says CEO
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NewsUK’s NEST adopts net-zero policy, skips on UN group over fee
DC provider to shift £5.5bn-plus assets to ‘climate aware’ fund
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Border to Coast invests £675m in infra, secures £760m for more
Asset manager for local authority pension funds made eight investments with commitments secured in first round
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PLSA recommends statutory duty to provide decumulation support
Association launches consultation on proposal aiming to address problems linked to 2015 pension freedoms
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NewsLV= employee scheme turns longevity swap into £800m buy-in
The move represents a significant de-risking step and reduces volatility
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NewsAverage UK pension chair pay unchanged in 2019 at £47,305
Majority of chairs responding to survey are not expecting remuneration to increase
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NewsLCP raises alarm about ‘rigidity’ in DB funding code proposals
Consultancy calls for flexibility and more consideration of interaction with covenant strength
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News
German business association proposes Riester-Rente overhaul
Wirtschaftsforum der SPD calls for transition to ‘flexible guarantees’
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NewsBrunel PP seeks managers for £1.5bn MAC, £1.2bn corporate bond funds
The MAC portfolio will invest in high yield corporate bonds, bank loans, asset-backed securities and emerging market debt
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NEST’s risk management plans alleviate pandemic challenges
The impact of the pandemic has also required several changes to the way NEST delivers its services
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NewsMacquarie brings Australia DC-tested ‘True Index’ strategy to UK
Asset manager sees UK market beginning to resemble countries long dominated by DC schemes
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News
UK roundup: XPS models potential COVID-19 liability cut of up to £90bn
Plus: £5m bulk annuity for small scheme; PensionBee calls for more support for those accessing DC pensions
