IPE's United Kingdom Coverage – Page 93
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News
UUK floats ‘difficult’ USS covenant requests, new DB/DC balance
Staff union accuses employer body of proposing ‘unnecessary and damaging cuts’
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NewsUK pensions watchdog raises bar on climate change
The Pensions Regulator will take action against schemes that do not comply with new climate change reporting rules
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News
USS rejects employer request for review of 2020 valuation approach
‘No justifiable basis for review until alternative proposals made or new information materialises’
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News
UK’s trustee association launches climate change committee
Chaired by Tegs Harding, director at Independent Trustee Services (ITS), the committee will include Nigel Hill of Pi Pension Trustees, Marcus Hurd of ndapt, and Andrew Cole of BESTrustees
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NewsLGIM DC business sets out interim targets for net-zero by 2050 goal
2025 and 2030 carbon emissions intensity reduction targets set for auto-enrolment default funds
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News
UK roundup: Lancashire LGPS launches 2021-2024 strategic plan
Plus: London borough scheme hires Aon as consultant
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FeaturesLong term assets: Proposed vehicle aims to help DC funds access private asset classes
The UK’s chancellor of the exchequer, Rishi Sunak, has set an ambitious timetable for the launch of a new UK-authorised fund vehicle, the Long-Term Asset Fund (LTAF), by the end of 2021. The LTAF is envisaged to simultaneously help achieve several policy goals by directing pension savings into alternative investments.
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Features
Dual-class share plans fuel concern over stewardship and governance
Introducing dual-class share structures to make London a more competitive financial centre would weaken shareholder rights and make it harder to influence corporate behaviour, institutional investors and trade bodies have warned.
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FeaturesPerspective: UK actuaries and COVID-19 – Exceeding expectations
COVID-19 has brought few positive outcomes but the response from UK actuaries could become a template for bringing other strategic challenges to the fore
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Opinion PiecesGuest viewpoint: Francesco Curto, DWS
The UK’s report into the Economics of Diversity, the Dasgupta review, highlights that our economic model is not sustainable
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News
UK asset manager body sets out key asks for government’s green bonds
’Government may wish to consider application of EU taxonomy’s ‘do no significant harm’ principle,’ IA says
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NewsACCESS pool plans illiquid assets consultant appointment
The appointed firm will assist the asset owner with the implementation of various illiquid asset structures
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News
DWP consults on pension schemes’ approach to ‘social factors’
Pensions minister turns his attention from climate change to the ‘S’ in ESG
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News
Three in four UK DB schemes could turn to contingent funding
Consultancy LCP says several factors will account for big rise in popularity
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News
AXA UK scheme signs £3bn longevity swap for mostly deferred liabilities
Nearly 93% of the scheme’s liabilities are now protected against chance of members living longer than anticipated
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NewsUK unveils plans to reform audit, corporate governance landscape [updated]
Government proposals include steps to replace the FRC with a new regulator
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News
UK regulator launches code of practice consultation
The implications of the new code will be greater for DB schemes than for DC
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News
Nearly half of UK DB schemes closed to future accrual
In 2012 28% of schemes were closed to future accrual
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NewsDC master trust NEST chooses Octopus for renewables partnership
‘A potential £1.4bn could be invested in total by the end of the decade’
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NewsWarnings, further requests formulated over trustee climate risk duties
Industry responds to consultation on draft TCFD-based regulations for occupational pension schemes
