IPE's United Kingdom Coverage – Page 108
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News
Trustees are lowest paid in pension scheme management: PwC survey
The average pay of a trustee who is not a board chair, but is likely to have additional responsibilities such as chairing a sub-committee, is £30,000 a year
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NewsUK roundup: Mowlem scheme avoids lifeboat fund with £150m L&G buyout
Plus: NEST chooses administrator for digital future-focussed scheme
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News
Asset owners advised to demand ESG engagement escalation policies
Charity investor calls for ESG market to plug ‘serious gaps or risk credibility’
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NewsACCESS LGPS pool adds £5.5bn via seven new sub-funds
Seven new externally managed funds cover global equities and bonds
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NewsPIRC tackles IAASB over audit expectation gap
‘Auditors have substantial obligations in relation to detecting fraud in an audit, regardless of the expectation gap’
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News
Mandate roundup: Swiss scheme seeks passive bond manager for $1bn
Plus: Another Swiss fund issues an RFI on €4.1bn currency overlay brief; UK local authority awards property mandate
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NewsUK roundup: Smart Pension to provide platform to Barclays clients and employees
Plus: PPF launches consultation on actuarial assumptions; UK DB schemes’ health surpasses pre-COVID-19 levels
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News
USS’s asset management arm names new strategic equities head
The current £11.4bn portfolio overseen by transition manager BlackRock will be taken back in house
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InterviewsHow we run our money: Local Pensions Partnership
Chris Rule (pictured), CEO of the £19.7bn Local Pensions Partnership (LPP), speaks to Carlo Svaluto Moreolo about building an in-house investment management outfit
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Features
Accounting Matters: Auditing the auditors
There is widespread consensus that the audit sector is not fulfilling its potential, and that previous attempts at reform have been ineffective. As the impact of high quality audit goes far beyond the boardroom, when pension funds rely on audited financial statements for their capital allocation decisions, it is ultimately their individual members’ capital that is at risk.
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Opinion PiecesGuest viewpoint: David Neal, IFM Investors
While COVID-19 continues to hit the global economy, governments are looking to infrastructure as a way to create future employment and sustain the eventual economic recovery
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FeaturesFixed Income, Rates, Currencies: Same again in 2021?
The relief from the farewells to 2020, and welcoming a Brexit trade deal, has waned in the face of rising COVID-19 infection rates. There have also been further lockdowns across swathes of Northern Europe as well as in Japan, Thailand, and South Africa to name a few. The vaccine-generated light at the end of the tunnel which appeared last year, seems rather distant, and possibly dimmer too.
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NewsInvestment consultants offer guide to assessing their climate competency
‘Trustees need to know their advisers are on the front foot’
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News
Michael O’Higgins to step down as chair of LGPS pool LPP
Chair feels that, with two subsidiaries fully operational, ‘it is time to move on’
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News
UK asset management body launches ‘next generation’ investment group
New committee to provide ‘creative challenge’ to industry thinking about investment, capital markets
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News
Russell Picot to join UK university scheme trustee board
Two directors rotating off at the end of January
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NewsUK government presents pension fund climate risk governance, reporting regs
Requirements largely in line with August 2020 proposals but some helpful tweaks seen
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News
Aberdeen City Council completes buy-in transaction with Rothesay
The transaction will insure the pension payments of 1,360 retired FirstGroup employees
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News
Legal & General strikes £400m ‘assured payment policy’ with own scheme
‘At the simplest level an APP does the reverse of a longevity insurance contract’
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NewsPLSA policy board identifies six priorities for 2021 as new members join
DC decumulation, investment and stewardship, pensions tax relief, small pots, pension dashboards and DB funding are top priorities for the PLSA
