IPE's United Kingdom Coverage – Page 57
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NewsRailpen partners with Neuberger Berman in multi-asset credit mandate
It will focus on investment across a broad range of credit sectors covering both the investment grade and non-investment grade spaces
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NewsUK government to streamline the green taxonomy’s DNSH criteria
The UK’s Green Technical Advisory Group has been revisiting the filter as part of its work on what a national taxonomy should look like
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NewsUK’s new oil and gas licences send wrong signal to investors
No new oil and gas projects should be funded in order to limit global warming to 1.5°C, industry warns
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NewsBT Pension Scheme signs £5bn longevity swap deal
The deal signed with Reinsurance Group of America will cover £5bn of BT pensioner liabilities
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NewsHigh Court puts a stop on future changes to BBC pension benefits
The case could have potential implications for a number of employers with DB pension schemes, not just the BBC
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NewsFew asset managers reveal own climate vulnerability, UK watchdog finds
FRC assesses ‘quality and maturity’ of climate-related metrics and targets disclosures in four sectors, including asset management
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NewsUSS reduces carbon emission intensity by 21% but warns more needs to be done
‘The government and regulators have a huge part to play here, not least by ensuring a predictable, transparent, and stable regulatory environment,’ says Innes McKeand
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NewsShropshire pension fund set on climate engagement – in line with fiduciary duties
Responding to new Carbon Tracker report, UK local government pension fund says figures used are three years old
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NewsRegulatory burden and outsourcing weighs on LGPS staff
LGPS staff would like to see simpler and clearer regulation of the scheme
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NewsUSS sees assets under management drop by 16%
USS asset under management fell from £90.8bn to £75.5bn last year
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NewsReport slams pension funds and advisers for false climate assumptions
Carbon Tracker report cites advice from Mercer and information given to members from LGPS Central; Mercer says report ‘presents an incomplete, and therefore misleading, summary of Mercer’s climate change analysis’
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NewsUK roundup: Mitchells & Butlers scheme in £1.2bn buy-in with Standard Life
Plus: LGIM launches fossil fuel exclusion strategy; Qantas Airways pension fund completes £40m buy-in with PIC
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NewsActuaries urge financial sector to be ready for changes to biodiversity reporting
The Taskforce for Nature-related Financial Disclosure is expected to publish its risk management and disclosure framework in November
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NewsUK Court of Appeal dismisses case brought against USS directors
Claims against USS directors were ‘bound to fail’, according to Judge Sarah Asplin
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NewsUK master trusts expected to be slashed to 10 amid market consolidation
Recent master trust acquisitions include National Pension Trust by SEI, and of Evolve Pensions by Smart Pension
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NewsBusiest H1 on record as bulk annuity transactions estimated to reach £25bn
Over £17bn of transactions have already been announced
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NewsUSS consults on lowering contribution rate to 16.2%
Indicative results reflect a significant change in the economy since the 2020 valuation was finalised in the latter half of 2021
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NewsBorder to Coast on target to deliver £340m savings for partner funds
The pool claims so far to have saved its members an estimated £65m, but CEO Rachel Elwell says pooling is ‘more than delivering cost savings’
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NewsDCIF calls for consistent template for TCFD reporting for master trusts
Greater standardisation of reports should become common practice, the forum recommended
