IPE's United Kingdom Coverage – Page 37
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NewsTelereal Pension Plan completes £130m buy-in with Aviva
The deal covers the defined benefit liabilities for around 500 members of the plan
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NewsLGPS funds ‘must’ provide clear evidence of compliance with TPR’s general code
With each fund having its own specific actions to show that robust governance processes are in place, ongoing monitoring will be vital, says Hymans Robertson
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NewsPensions industry concerned over delays to regulations by upcoming UK election
The anticipated funding code, which is expected to come into effect on 22 September, could be affected by election
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NewsBrunel frees up stewardship resources with help of AI
£35bn pension asset pooling company introduces AI in stewardship evaluation
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NewsICI Pension Fund completes £900m buy-in with Legal & General
The transaction secures the benefits of over 7,000 retirees
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NewsDB scheme employers urged to review surplus framework ahead of valuations
Areas to be reviewed include escrow arrangements, contribution mechanisms and funding of future service contributions
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NewsMerchant Navy Ratings Pension Fund selects Schroders as fiduciary manager
WTW previously acted as fiduciary manager for the pension fund since 2014
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NewsUK DB schemes concerned over increasing volume of regulatory pressures
Russell Investments research shows that DB schemes’ concerns over regulation have more than doubled since autumn/winter 2022
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News‘Lifetime Provider Model’ still considered by UK government
Government is expected to issue responses to call for evidence in due course
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NewsCyber risks are top priority for regulatory change for UK pension professionals
Other three priorities for further regulatory change included DC small pot consolidation, dashboards and DB refunds of surplus
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NewsIIGCC urges next UK government to foster competitive economy
IIGCC is proposing five core policy solutions and warns the UK risks losing its status as climate leader
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NewsAviva, Scottish Widows and Mintago join Dashboard Operators Coalition
The three firms have applied to become QPDS operators
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NewsUK pensions regulator cuts power to request information
Section 72 requests fell to 11 in the Q4 2023 from 49 in Q4 2018
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NewsNumber of DC schemes continues to decline, says UK pensions regulator
Scheme membership has meanwhile grown by more than 12 times since the beginning of 2012, from 2.3 million to 28.8 million
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NewsBorder to Coast Pensions Partnership expands its private markets programme
Border to Coast Pension Partnership’s private markets programme has grown to £16bn following further commitments from its LGPS partner funds
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NewsCEPB warns asset owners of long-term risks of mining giant’s potential takeover
Adam Matthews at CEPB is not convinced that a potential takeover of Anglo American by BHP ‘will serve our long-term interests as a pension fund’
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NewsThinking Ahead Institute calls for investors to double stewardship resources
Report shows that industry average stewardship resourcing level is currently at around 5% of total investment management costs
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NewsSAUL is first UK scheme to adopt pass-through voting across DC, DB plans
The move strengthens the £3bn University of London’s stewardship powers which is particularly focused on voting for resolutions at the Climate Action 100+ companies
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NewsNEST picks Northern Trust for admin, custody
Northern Trust will provide key services for NEST’s investment strategy, including custody, asset allocation and rebalancing, and performance measurement
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NewsCapacity issues led to delay in Pensions Dashboards Programme
National Audit Office says capacity and capability issues, including lack of digital skills and ineffective governance, have contributed to delays to UK’s PDP
