IPE's United Kingdom Coverage – Page 7
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NewsUK 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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AnalysisMansion 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
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NewsNumber of UK defined benefit schemes continues to shrink
The number of UK DB schemes reduced by 2% from 5,378 to 5,297 in 2023
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NewsPeople’s Pension on track to reach £50bn in AUM in next five years
The growth will be accelerated by steps being taken to consolidate the workplace pension market
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NewsPLSA streamlines stewardship and voting guidelines
The guidelines feature five themes: social factors, cybersecurity, artificial intelligence, biodiversity and dual-class asset structures
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NewsVector Pension Scheme completes buy-in with Standard Life
The transaction secures the benefits of approximately 1,800 members
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NewsCMI ignores mortality data for pandemic years
Continuous Mortality Investigation places no weight on the data for 2020 and 2021 in the core version of its 2023 Mortality Projections Model
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NewsCurrency hedging can be big liquidity drain for UK schemes, says Railpen
‘Currency hedging can be a big risk to a portfolio’ says John Greaves
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NewsTesco Pension Scheme to outsource investment management to Schroders
The transfer of its investment portfolio management to Schroders will be completed before the end of 2024
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NewsPPF selects Aviva to provide DC solution for hybrid schemes
Under the partnership, benefits of DC members of the PPF hybrid schemes will now be protected by Aviva’s master trust
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NewsRemoving age and earning thresholds could help close UK gender pension gap
Research from NOW: Pensions and PPI found that women retire with an average pension savings of £69,000, compared to £205,000 for men
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NewsScottish Widows Master Trust appoints Isio as investment adviser
Isio will advise on default design, asset allocation, manager selection and risk management for Scottish Widows Master Trust
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NewsAon expands services to help clients assess security in pension schemes
Aon has appointed Alice Wilmot and Michael Fenton to its covenant and security team
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NewsAuto-enrolment changes could add £105bn to young adults’ pensions
People’s Partnership has called for cross-party agreement with the support of key unions and trade bodies, on a timeline for implementing auto-enrolment reforms
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NewsQuarter of UK schemes yet to start General Code preparations
The Pensions Regulator’s General Code has been laid before parliament earlier this month and is expected to come into effect at the end of March
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NewsAMNT backs mandatory standardised vote reporting to pension schemes
Legislation to make standardised vote reporting by asset managers is currently before the House of Lords
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NewsIndustry sees continuity in Labour Party pension plans
Some ‘slightly interventionist’ changes include strengthening TPR powers in relation to DC consolidation
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News2024 to be the biggest year for UK pension de-risking
WTW expects the pension risk transfer market to reach £80bn in 2024
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Special ReportRisk transfer special report: Pension liabilities shift to insurers
New players are waiting to enter the UK pension risk transfer market but this will depend on how accommodating Solvency UK will be
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Asset Class ReportsUK equities fail to regain their shine
UK pension funds are abandoning domestic equities, and the country’s global weighting in indices has also declined significantly
