IPE's United Kingdom Coverage – Page 130
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News
UK high street chain shuts £5.6bn DB scheme
John Lewis Partnership will switch its staff to an “improved” defined contribution fund after a year of negotiations with staff
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NewsMaster trust authorisation process attracts 38 applications
The UK’s new regulatory regime for multi-employer defined contribution schemes has approved six providers so far
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News
BT slashes cost of legacy pension equalisation
UK company annual reports are starting to reflect less pessimistic estimates of the cost of October’s court ruling
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News
Climate change protesters disrupt pensions conference
Extinction Rebellion representatives press government minister to scale back LGPS’ investments in fossil fuels
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News
Fresh proposals for USS funding fail to satisfy university staff
The higher education staff union says a proposed new contribution schedule for the £64bn scheme is not sufficient to break the negotiating deadlock
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NewsLife expectancy will continue to fall in 2019: KPMG
Longevity swap contracts could be ‘out of the money’ given major shifts in data on life expectancy, warns accountancy group
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News
Mandate roundup: Ircantec awards five mandates worth €2.8bn [updated]
Plus: German church fund awards currency overlay mandate to Metzler; Italian education workers’ scheme shakes up manager line-up; Hampshire hires JP Morgan
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News
Stagecoach sues UK government over pension-related rail franchise ban
The transport company is taking legal action after it was banned from three franchises for refusing to take on funding risk related to Railpen
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News
Cost transparency firm hails quartet of ‘exceptional’ asset managers [updated]
Chris Sier’s ClearGlass highlights four stand-out performers from 105 manager interactions – although another five have failed to provide data
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News
UK public pension pool allocates $60m to private equity impact fund
Allocation made on behalf of four of Brunel Pension Partnership’s local government pension scheme clients as impact investing appetite grows
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News
Investors urge UK to act on 2050 zero emissions target advice
The UK’s business and energy secretary has pledged that the government ‘will do more’ amid grpwing investor pressure for action
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NewsUK charities facing ‘double whammy’ as pension deficits climb
Hymans Robertson has urged charity DB fund trustees to assess options for securing covenants or consolidating
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News
Susan Martin exits Local Pensions Partnership
CEO has resigned after three years in charge of the local government pooling vehicle
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Features
UK pools slam ‘simplistic’ guidance
UK local authority funds have accused the government of imposing higher costs through changes in its stance towards asset pooling.
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InterviewsHow we run our money: Railpen
Andrea Ash (pictured), investment director at RPMI Railpen, tells Carlo Svaluto Moreolo about the UK pension fund’s private markets strategy
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FeaturesForeign pension funds set for tax refunds on UK property income
A recent ruling by the UK Tax Tribunal decided that the imposition of UK income tax on the property income of a German pension scheme was unlawful under EU law
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News
UK roundup: Carillion DC schemes join Willis Towers Watson’s master trust
Plus: Capita’s DC master trust allocates £320m to Schroders sustainable multi-factor fund; L&G backs £95m 3i pension buy-in
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NewsLGPS to create compliance system for cost transparency code
Compliance and reporting system would be accompanied by policy for delisting
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News
Debenhams schemes enter PPF assessment, cash increase agreed
Assessment period triggered by CVAs, creditor meeting scheduled for 9 May
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News‘Perfect storm’ brewing over NHS pensions [updated]
Doctors’ association warns tax and pensions rules may drive clinicians to cut NHS working hours
