IPE's United Kingdom Coverage – Page 62
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Opinion PiecesGuest viewpoint: LDI regulation should not ignore private asset solutions
In the aftermath of the liability-driven investing (LDI) crisis, The Pensions Regulator (TPR) in the UK drew up guidelines for pension funds to improve the resilience of LDI strategies. These guidelines primarily aim to support the creation of liquidity buffers so that pension funds can withstand yield shocks. To that end, the guidelines advise pension funds to conduct stress tests and identify suitable collateral with respect to both leveraged and unleveraged LDI strategies using yield-shock scenarios.
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NewsUK green finance strategy plans to accelerate investment in nature
There is a target to raise at least £500m in private finance to support nature’s recovery every year by 2027 in England, rising to more than £1bn per year by 2030
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NewsBank of England tips Pensions Regulator to keep LDI buffers wide
UK central bank advises DB pension funds keep minimum of 250 basis points buffer liquidity – but more on top of that
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NewsUK roundup: PLSA issues stewardship and voting guidelines
Plus: LCP launches Illiquid Asset Solutions Group; PASA releases dashboards guidance
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NewsUK master trust funds Schroders’ first long-term asset fund
The strategy will aim to invest across four long-term themes; climate mitigation, climate adaption, biodiversity/natural capital and social vulnerabilities
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NewsUniversities Superannuation Scheme enlists new group chief
Carol Young will succeed Bill Galvin later this year as group CEO of USS
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NewsTPR launches diversity, equality and inclusion guidance for pension fund trustees
The guidance provides pointers for chairs – explaining that the chair should play a key role in making boards more diverse and inclusive
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NewsUK workplace pension scheme plans investment in climate solutions
TPT Retirement Solutions is changing its asset allocation and portfolio construction
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NewsUK actuaries call for robust design and high-quality comms in new CDC pensions
There are significant concerns about DWP’s proposals to compare investment performance net of member-borne costs and charges and all costs paid by an employer to a scheme or pension provider
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NewsBank of England’s latest rate hike could have knock-on effect for DC savers
However, rising interest rates are good news for those thinking of using their retirement savings to purchase a guaranteed income in the form of a lifetime annuity
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NewsSweden’s AP funds gather pension majors to coax tech giants on human rights
AP Funds’ Council on Ethics convenes institutional investor group including Railpen, APG, PGGM and USS for joint engagement with Alphabet, Meta and others
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NewsUK government says LDI still has useful place in pension scheme toolkit
Collateral buffers behind LDI need to be higher to withstand shocks, Trott tells MPs and Lords committees
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NewsUK pension fund boost for fast-growth industries, but challenges remain
‘We need regulation, accounting and policy changes to facilitate ‘VC into DC’,’ says Legal & General
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NewsUK roundup: Pension funds call on government to remove net zero barriers
Plus: Redington launches stewardship service; Pension schemes could make ‘step change’ in data quality
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NewsBulk annuity volumes reach £27.8bn, according to Aon
LCP and Hymans Robertson numbers differ slightly, but point to same upward direction
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NewsToo soon for LGPS reform on further consolidation, says PLSA
A forthcoming consultation would propose LGPS funds transfer all listed assets into their pools by March 2025
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NewsHounslow Pension Fund adopts own voting policy in index fund
It is the first LGPS to have its holdings voted in a BlackRock pooled fund according to its own ESG voting policy
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NewsUK Budget: pensions annual allowance increased, LTA abolished
These changes to pension allowances won’t impact the vast majority of hard working savers, industry says
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NewsUK regulator publishes guidance on employer related investments
The guidance warns trustees, employers and scheme advisers they must report ERI breaches to TPR
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NewsUK roundup: FTSE 350 pension scheme funding shows noticeable surplus increase
Plus: Trustees warned of insurance firms’ TCFD reports for risk transfer selection; Pension funds hold key to unlocking nature and wildlife potential
