IPE's United Kingdom Coverage – Page 24
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NewsUK’s Pensions Management Institute launches Global Innovation Centre
The move follows a strategic review of the future needs of PMI’s members, employers, and strategic partners
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NewsNSK and Menzies funds drive £569m in additional buy-ins for UK market
The deal for Menzies’ DB scheme included dovetailing with a secondary market sale of an illiquid asset
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NewsGreater Manchester Pension Fund adopts pass-through voting
GMPF can now uniformly apply its voting policy across both segregated and pooled funds, allowing it to directly influence decisions on critical issues
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NewsAt retirement DC phase lagging on sustainability, says Barnett Waddingham
Consultancy also reports big gap in 2023 returns between worst and best DC providers, led primarily by strategic asset allocation
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NewsL&G sets up private markets fund for defined contribution members
The fund seeks to capture the illiquidity premium in asset classes including private equity, real estate, private credit and infrastructure
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Asset Class ReportsNEST’s outsourcing strategy
When NEST was weighing up whether to outsource some of its private markets allocations, the decision was not straightforward.
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Opinion PiecesWhy the green transition throws up workforce and pension challenges
Pensions are a hot topic in corporate Germany, where skills shortages and an ageing workforce have led to a war for talent, as well as a renaissance in occupational retirement provision in the fight for workforce skills.
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NewsUK trustee boards show robust governance frameworks – survey
WTW’s latest trustee governance survey shows that only 1% of participating UK schemes expect significant changes to comply with General Code
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AnalysisUK election: No impact on Mansion House agenda expected
Labour’s manifesto says the party is committed to increasing productive investment in UK economy
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NewsRolls-Royce & Bentley Pension Fund inks £880m buy-in
The buy-in included novation of the scheme’s existing longevity swap with Standard Life
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NewsIGG launches service aimed at transforming small scheme governance
IGGnite enables schemes below £150m access to scheme management and investment solutions at a cost typically reserved for larger schemes
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NewsAsset owners want all ESG costs to be included in management fees – survey
Views vary between asset owners and asset managers
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NewsNew guidelines seek to define sustainability-linked loan bond instrument
ICMA body also released guidance for ‘green enabling projects’
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AnalysisMansion House Compact: spotlight on M&G
M&G joined the Mansion House Compact in July 2023 as one of the founding signatories committing to allocating at least 5% of its default funds to unlisted equities by 2030
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NewsBorder to Coast set to launch global multi-factor equity index fund
The pool is searching for an external manager to support its first equity index proposition
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NewsTPT Investment Management launches two alternative investment funds
The funds provide pension schemes with access to real assets and secure income investment opportunities
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AnalysisUK election: Another delay to funding code ‘highly likely’
Statement of strategy, guidance on new covenants or definition of significant maturity are still missing
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NewsPension funds warn FCA of revised UK listings rules
Asste owners call on the regulator to listen to investors and retain ‘critical’ shareholder rights
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NewsKent scheme plans changes to emerging markets, private equity portfolios
Consultant Mercer advised a 50% split of EM equities between Columbia Threadneedle and Robeco, and an increase to PE by allocating $160m to HarbourVest
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NewsAegon builds up £12bn default fund with private market investment
Three managers were selected to strengthen Aegon’s largest default fund: BlackRock, Aegon Asset Management, and JP Morgan Asset Management
