IPE's United Kingdom Coverage – Page 128
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NewsAccounting roundup: Committee warns on DB-DC ‘blurred lines’
Plus: FRC maps out its plan to transition to the Audit, Reporting and Governance Authority; Change to accounting rules for multi-employer pension schemes
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NewsAuto-enrolment success masks inadequate savings rates, industry warns
More people are saving into a pension in the UK following auto-enrolment, but the amount they are saving is far short of what is needed
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NewsUK public sector schemes caught in consultant rule change
LGPS funds will be subject to new rules regarding the monitoring of investment consultants and fiduciary managers from December, having previously been exempt
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UK regulator seeks to stem flow of exits from DB schemes
Financial Conduct Authority says too much financial advice related to transfers is ‘still not of an acceptable standard’
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MP Pension sheds Vale stock as engagement fails
Church of England Pensions Board and Sweden’s AP Funds shine a light on global tailings dam management in wake of January disaster
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UK government urged to revisit miners’ pension scheme surplus rules
Government has taken £4.4bn from excess pension assets since 1994, but MPs, trustees and scheme members have demanded changes
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Asset management roundup: UK, China regulators agree stock connect programme
Plus: DWS to sell €2bn hedge fund business to Alma Capital; MFS signs Italian distribution agreement with Deutsche Bank
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L&G launches blockchain-based pension insurance platform [updated]
Legal & General has teamed up with Amazon to develop a blockchain-based pension risk transfer process, dubbed Estua-re
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UK’s NEST quits smoking in two-year tobacco divestment project
The country’s largest auto-enrolment provider says the tobacco industry does not appear viable in the long term, and it will exit £40m of investments
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Mandatory tendering for fiduciary contracts becomes UK law
Pension scheme trustees must conduct a competitive tender for any new fiduciary contract covering 20% or more of assets
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NewsHSBC pension boss to exit for London CIV
Mark Thompson to lead £36bn LGPS asset pool from September, after an eight-year tenure leading HSBC’s UK pension operations
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Should DC schemes drop the term ‘ESG’?
Invesco survey finds ‘ESG’ term unpopular among DC scheme members, with most preferring either ‘responsible investment’ or ‘ethical investment’
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FCA to revisit UK illiquid asset rules after high-profile fund suspension
Trading in shares of the £4.3bn LF Woodford Equity Income fund was suspended last week following a wave of investor redemption requests
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NewsUK signs off further reporting requirements for pension funds
New regulations to implement SRD II require schemes to set out policy on asset manager contracts and agreements
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LAPFF blames ‘defective’ accounting rules for 2008 Irish banking crisis
The £269bn public pension group has been challenging accounting standards for years and took the issue up again at a hearing into Ireland’s banking collapse
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£45bn LGPS pool appoints quartet of global equity fund managers [updated]
Border to Coast chooses four managers for £4.5bn fund but scraps plan for multi-manager addition; fixed income funds next to be launched
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Rolls-Royce UK pension fund seals record £4.6bn de-risking deal
Trustee to offload £4.1bn of pension liabilities covering 33,000 pensioners to Legal & General, and transfer £4.6bn of assets
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UK and Dutch regulators to increase co-operation ahead of Brexit
The agreement between the FCA and AFM is to apply in both a deal and no-deal Brexit scenario
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High street chain agrees £310m pension funding deal with regulator
Arcadia, owned by Sir Philip Green, is attempting to cut its debt bill to stave off bankruptcy and has secured the support of the Pension Protection Fund
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PGGM joins consortium’s bid for London Silvertown Tunnel
Dutch asset manager joins as part of joint venture with construction firm BAM, alongside Aberdeen Standard Investments and Macquarie
