IPE's United Kingdom Coverage – Page 67
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News
UK mini budget accelerates DB schemes de-risking, says Russell Investments
Inflation and central bank policy action are critical issues for pension trustees and sponsors
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NewsUK’s FCA forms group to develop ESG code of conduct
The FCA, the Bank of England and other relevant financial regulators and government departments will sit as active observers to the group
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NewsUK professional trustee market may suffer retention crisis, says Charles Stanley
Two in five professional trustees plan to step down from their role within a year
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News
LDI is ‘the ultimate folly’, says UK pensions expert Keating
September crisis was no black-swan event but certain to happen in time, Con Keating tells event
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NewsUK roundup: Investors back call for large companies to provide cost-of-living support
Plus: Workplace pension provider B&CE to change name to People’s Partnership; Gulf International Bank Pension Scheme picks Aon for advice
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NewsLPPI ceo calls on LGPS to accelerate asset pooling
The pool revised projections and is now expecting to deliver net cost savings of more than £200m by 2025, more than £350m by 2030 and more than £500m by 2035
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NewsPartnerRe in £1bn longevity swap deal with UK Fortune 500 scheme
Plus: TT Group scheme in £400m buy-in deal with Legal & General
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NewsChurch of England drafts just transition investment principles
With a pensions fortune of £3.7bn, the Church of England follows up May’s 12-fund pledge to work to support the climate transition in emerging markets.
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News
UK roundup: Standard Life completes £15bn DC transition into sustainable solutions
Plus: Legal & General Mastertrust issues first TCFD report; Aon wins fiduciary advice contract for Russell & Bromley scheme
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News
Policy Exchange calls for Solvency II reform to tackle policy, regulatory challenges
Report suggested UK is sitting on large pools of capital and could do more to invest in growth businesses, infrastructure and other productive assets in the UK
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NewsNordic pension funds to push climate investment towards developing world
Climate Investment Coalition and Nordic Council of Ministers present set of investor recommendations at COP27 in Egypt
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News
Actuaries call on new pensions minister to favour flexibility to address pensions challenges
‘We urge the incoming pensions minister to listen to industry concerns about implementation of existing policies,’ says Hymans Robertson
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NewsUK regulators put spotlight on collaborative engagement in climate transition recommendations
The guidelines suggest that transition plans should identify the metrics investors and companies use to measure their climate progress
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News
Top UK pension providers fail to keep up with climate action
Top 20 UK DC schemes are lagging behind in multiple areas – from short-term targets to action on deforestation
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NewsSpeed of climate change has been underestimated, say actuaries
A new report from Cambridge University and the IFoA calls climate change ‘a risk-management problem on a global scale’
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News
Agfa UK Group Pension Plan completes £200m buy-in deal
The bulk purchase annuity (BPA) is the second buy-in completed between the pension fund and Standard Life
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Opinion PiecesLessons on LDI: learn from the Dutch cultural revolution
Around 20 years ago, UK occupational pension liabilities underwent a structural change. With assets weighted towards UK equities, still cashflow positive and open to new members and future accrual, liabilities were not too greatly discussed.
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Opinion PiecesAn uncertain outlook for UK pension journey plans
Following the Bank of England’s (BoE) emergency intervention announced on 28 September to stem the sell-off of long-dated UK government bonds, UK defined benefit (DB) pension funds were kept busy, as falling Gilt prices over the past weeks caused mark-to-market losses in liability-driven investment (LDI) strategies.
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FeaturesUK sovereign debt in turbulent waters as challenges remain
The buttoned-up Gilts market has never seen or done anything like it. Trusty stalwart of liability matching for defined benefit (DB) pension schemes, the blue-chip security has already poleaxed a British chancellor of the exchequer just a month in office, and has effectively done the same to prime minister Liz Truss.
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FeaturesUK LDI woes raise wider European questions
Turmoil in UK Gilt markets has forced continental European pension industries to review their risk management strategies
