IPE's United Kingdom Coverage – Page 6
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News
Meeting schemes’ benefit structures is barrier to consolidation, pensions industry says
Consolidation is not off the table, according to the PPF, but consolidators need to get the design right
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News
UK Funding Code to come into effect at the end of September
The regulator will consult on its statement of strategy ‘in the next few weeks’, says Louise Davey
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News
Funded reinsurance should not pose ‘material risk’, according to Fitch Ratings
Ratings agency says the use of funded reinsurance applies to less that 30% of life insurers bulk annuity business
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News
PLSA, ABI respond to UK government’s growth plan with four measures
Associations propose higher pension contributions, the right regulation, government action to support investment opportunities, and measures that enable consolidation
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News
Investors’ biggest risk is being distracted by elections and geopolitics, conference hears
West Yorkshire Pension Fund ‘can be patient’ and is not ‘triggered by geopolitical events’ when making investment decisions, CIO says
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News
UK master trust appoints Van Lanschot Kempen as fiduciary manager
With the mandate, the Cheviot Trust’s quality approach to governance will be enhanced by better information and data in relation to sustainability
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News
FRC launches review of the UK Stewardship Code
The revised Code will most likely be published in early 2025
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News
UK scheme trio consolidate into TPT Retirement Solutions master trust
The schemes joining TPT have combined assets of £220m and will transfer motre than 3,500 new members
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News
CEO of Royal Mail Scheme joins LGPS Central
Richard Law-Deeks will work with partner funds, the board and Central’s expert team of colleagues to set and deliver the future direction of the pool
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News
Hymans Robertson sets up digital tool to help schemes’ buyout journey
The app also uses dynamic annuity pricing to let schemes see how close they are to buy-out and what happens if things change
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Analysis
Mansion House Compact: spotlight on NEST
NEST joined the Mansion House Compact in July 2023 as one of the first signatories, committing to allocating at least 5% of its default funds to unlisted equities by 2030
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News
UK pensions industry welcomes DWP plans for DB surplus extraction
DWP consults on plans to make DB surplus extraction easier and set up a public sector consolidator operated by PPF
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News
UK pensions regulator to strengthen its authoritative grip
From April, TPR will create three new regulatory functions that protect, enhance and innovate in savers’ interests
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Analysis
Interview: Elizabeth Fernando on NEST’s new thematic strategy
Sustainability focus underlines NEST’s growing importance as a UK institutional investor
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News
LGPS Central seeks sterling investment grade credit manager via IPE Quest
The UK investment pool is expected to funded the mandate in mid-2024 with a total value of around £600m
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News
NEST to invest £5bn in thematic equity fund by 2030
The UK workplace pension scheme appointed Lombard Odier Investment Managers to manage the multi-thematic equity fund
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Analysis
Bank of England right to scrutinise the role of funded reinsurance
Prudential Regulation Authority calls for limited exposure to reinsurance
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News
Majority of UK pension providers found to have ‘inadequate’ or ‘poor’ climate plans
UK pension providers are ‘failing to implement ambitious, science-based climate plans’, according to report from Make My Money Matter
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News
UK electricity company picks WTW’s LifeSight as master trust provider
LifeSight now has approximately 360,000 members with £17bn in assets under management secured
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Analysis
Mansion House Compact: spotlight on L&G
L&G joined the Mansion House Compact in July 2023 as one of the first signatories, committing to allocating at least 5% of its default funds to unlisted equities