IPE's United Kingdom Coverage – Page 53
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NewsCamden scheme uses Tumelo’s pass-through voting solution
The fund will now be able to direct their vote on include CEO remuneration and climate concerns
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NewsGovernance group calls UK government to end DB/DC ‘intergenerational unfairness’
To encourage corporate DB schemes to build a surplus, plan sponsors should be offered the chance to deploy surplus to boost DC contributions, IGG says
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NewsDepartment store John Lewis shows healthy pension fund surplus
Pension fund to stop £10m deficit contributions
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NewsUK pensions regulator to build on relationship with admins
TPR is innovating by using its supervision approach to establish open, two-way relationships with several “strategically important” pension administrators
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NewsLCP finds major increase in professional trustee use
Professional trustee firms are expanding their services into a variety of domains
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NewsLocal Government Pension Scheme funding level reaches 102%
LGPS funding levels improved from the 67% estimate as at 31 March 2022 triennial valuations
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NewsPPF opens levy consultation to halve charge to £100m
‘It is clear that PPF would like to go further but is constrained by law,’ says LCP
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NewsTransaction cost analysis should push for further transparency, says Bfinance
Despite efforts from regulators to improve cost disclosure, Bfinance argues disclosure does not equal transparency
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NewsPPF would take 18 years to consolidate smallest UK DB schemes, says WTW
Crucial changes to the shape of benefits will present a ‘significant hurdle’ for trustees, if their consent is required for any consolidation
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NewsUSS and academics develop new approach to climate scenarios
New narrative scenarios are more realistic than mainstream quantitative scenarios, according to new report
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NewsTPT launches fiduciary management and consultancy company
‘This marks the beginning of a new and exciting chapter for TPT,’ says CEO
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NewsPPF ‘well placed’ to take on public sector consolidator role
‘The public sector consolidator option could substantially deliver against the government’s objectives,’ says PPF chief
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NewsBAE Systems appoints Goldman Sachs Asset Management for £23bn mandate
The plans sponsor’s in-house investment management team will join Goldman Sachs AM
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AnalysisAnalysis: Industry calls for regulation focus for trustees to drive economic growth
It’s important to recognise the difference in the role of DB and DC scheme trustees, says Isio
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AnalysisAnalysis: Is consolidation for UK small pension pots too complex?
The proposed creation of a public sector consolidator could open up de-risking opportunities for smaller schemes, says Broadstone
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NewsLothian Pension Fund names new CIO
Emmanuel Bocquet will succeed Bruce Miller who earlier this year announced his decision to retire
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AnalysisAnalysis: Encouraging DB schemes to take more investment risk
With the call for evidence closing today, consultants shared what needs to be done to encourage DB schemes to take on more investment risk
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AnalysisAnalysis: Can UK plan sponsors benefit from Mansion House reforms’ surpluses?
Consultants share mixed views on whether pension fund sponsors could benefit from surpluses
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NewsUK roundup: BA pension fund appoints Redington as consultant
Plus: Risk of new generation of gender inequality, says LCP
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FeaturesBritain’s LDI crisis: When things nearly fell apart
On 23 September 2022, Kwasi Kwarteng, the then UK chancellor of the exchequer, announced a £45bn (€52bn) package of tax cuts. The hand-outs, designed to please key voters, were the wrong gift at the wrong time. For several years, the Bank of England had been attempting to end quantitative easing and start putting a higher price on borrowing.
