IPE's United Kingdom Coverage – Page 92
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NewsTPR calls on DB schemes to look out for funding challenges
Pension funds should retain a focus on the long term – most specifically around planning and risk management
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NewsUK DB schemes end turbulent year in strong position, LCP says
LCP’s report found that UK DB schemes ended the year with an aggregate balance sheet surplus of £10bn
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UK roundup: WMPF leads retirement planning initiative
Plus: Engineering consultancy shifts members, assets to LifeSight; Isio selects Moody’s for climate risk modelling
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News£485m seed investment for London CIV global alpha ‘Paris-aligned’ fund
The active equity fund will be managed by Baillie Gifford
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NewsBest-performing UK fiduciary managers took more risk, says survey
‘Trustees should hold fiduciary managers to account. It is easy to assume the managers will run the journey plan, but the trustees are still responsible’
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Wandsworth adds renewable fund amid decarbonisation start
Public pension fund adopts policy to progressively decarbonise its investments and seek investment opportunities that will outperform in a 2°C scenario
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NewsTPR sets priorities in 2021-24 corporate plan
The regulator expects its final revised defined benefit (DB) code of practice to be in place by December 2022
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PLSA to start LGPS research to identify best practices, challenges
The research is going to look at the biggest issues facing the LGPS including getting the guidance funds will need
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NewsLGPS sees assets under management drop by 4.9%
The LGPS liabilities were estimated at £291bn indicating an overall funding level of 98%
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UK schemes look to increase stake in precious metals
64% of UK pension funds expect to go overweight in their allocation to gold, whilst 42% expect to overweight silver
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NewsPLSA calls for legislation to build on pension freedoms
The PLSA’s Guided Retirement Income Choices is a framework that allows schemes to help savers balance the longevity, inflation and investment risks
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NewsToughen planned climate reporting rules for UK firms, say investors
PLSA disappointed government only encouraging scenario analysis – not requiring
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BTPS announces 10-year deficit repair plan following triennial valuation
‘The deficit reduction plan is on track with the scheme set to be fully funded by 2030’, says chair of trustees
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ICL Group scheme strikes £3.7bn longevity hedge
The hedge covers pensions in payment for approximately 9,000 members and provides long-term protection against additional costs
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NewsLondon CIV reports climate risk analysis, to set net-zero targets
Asset pool for London pension funds to set targets for transitioning to net-zero GHG emissions no later than 2050
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NewsUK roundup: DB schemes stronger than pre-COVID levels
Plus: DWS, Tikehau’s new secured income fund; National Trust awards climate change mitigation mandate
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CTI framework delivers tangible benefits
Two thirds (64%) of those using the framework had reviewed costs and value for money as a result of the information received
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NewsPensions sidecar an ‘emerging focus’ at one in five employers – survey
WTW sees survey showing employer commitment to pensions amid appetite to do more for financial wellbeing
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Nortel’s UK scheme agrees second buyout with Legal & General
A further transaction is likely to follow in the future
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NewsAccounting standards come under fire from UK lawmakers
Since the UK’s departure from EU structures on 31 December 2020, new IFRSs have been adopted through means of a temporary endorsement mechanism
