IPE's United Kingdom Coverage – Page 70
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NewsIOSCO calls on regulatory cooperation to allow innovation
‘Globally we do not have a strong model of how to encourage innovation in a highly regulated sector like finance,’ says IOSCO
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NewsUK pensions regulator in hot seat over lax governance of LDI
The Pensions Regulator was not able to monitor whether its LDI guidance on managing risk was being followed, Work and Pensions Select Committee finds
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NewsStandardised mortality rates 3% lower in 2022
The CMI model found that mortality in 2020 to 2022 was significantly higher than before the coronavirus pandemic
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NewsUK’s position as financial capital called into question amid regulatory burden
The UK is ‘losing ground to other jurisdictions’, says Investment Association
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NewsChurch of England, Commissioners cut oil and gas companies from investment portfolios
‘Some progress has been made, but not nearly enough,’ says the chair of the Church Commissioners for England
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NewsFCA seeks feedback on plans to make investors explain voting decisions
Asset owners are not receiving sufficient information regarding the reason that asset managers had cast votes a particular way
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NewsNationwide Pension Fund completes £1.7bn UK longevity risk transaction
Plus: DWP publishes review of pension transfer regulations; NEST reappoints TCS for admin services
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NewsUK state pension in need of reform to prevent poverty, says Phoenix
There is most concern for those unable to remain in work and without sufficient resources to draw upon, report shows
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NewsChurch Commissioners name new head of responsible investment
Plus: Church of England Pensions Board to vote against the re-election of National Grid directors
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NewsUK’s pensions regulator to gather feedback on LDI guidance
The Regulator placed ‘huge emphasis’ on operational processes
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NewsBank of England calls on pensions industry for financial stability responsibility
‘Central banks cannot be a substitute for the primary obligation of LDI funds to manage their own risk,’ says BoE
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NewsMore clarification on fiduciary duty for pension scheme trustees needed, says UKSIF
UKSIF recommended that relevant government departments issue guidance for UK occupational pension schemes on a statutory or non-statutory basis
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NewsUSS aims to be ‘more rigorous’ in its stewardship
New approach ‘may see us vote against reappointment of responsible directors,’ says USS chair
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NewsUK roundup: New Airways pension fund reappoints PwC as trustee
Plus: AEAT pension case highlights gaps in members’ complaints route; Cambridge University scheme picks Redington for advice
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NewsUK DB schemes planning for buyout could save £20m, says Hymans Robertson
The firm’s latest guide aims to provide trustees with a ‘clear’ online framework to avoid ‘potential pitfalls’ on their journey to buyout
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NewsUniversities Superannuation Scheme resumes fossil fuels court battle
The claim is one of the UK’s largest crowdfunded legal actions and has attracted significant grassroots support from other pension members
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NewsLGPS funds allocate £455m to Osmosis’s core equity strategy
Osmosis will build the strategies, while UBS Asset Management will act as investment manager, under the current LGPS Framework for Passive Investment Management Services
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NewsUK master trusts don’t survey members on risk appetite
‘Risk considerations are not driven by member views but by expert opinion,’ says Hymans Robertson
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NewsHarrods pension scheme completes buy-in deal worth £400m
The deal secured benefits of around 1,900 pensioners and 2,100 deferred plan members
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NewsPensions industry calls on regulators to ‘materialise’ revised funding code
The code has introduced elements of flexibility, but uncertainty needs to be avoided
