IPE's United Kingdom Coverage – Page 72
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NewsNew PPF proposals would represent ‘seismic changes’ to UK pensions landscape
Plans would mean ‘struggling’ DB schemes could choose to opt-in to the Pension Protection Fund
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NewsNEST advances into private markets as AUM reach £30bn
‘NEST needed an investment framework in place that could rapidly grow’, says Liz Fernando, NEST’s CIO
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NewsChurch of England posts 5% return amid volatile market
Despite ‘challenging environment for financial markets’ Church Commissioners delivered positive investment return
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NewsValue over cost, says new UK pensions regulator chief
’Our position is clear: no saver should be in a poorly performing scheme that doesn’t offer value for money,’ says Nausicaa Delfas
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NewsInstitutional group set to tackle pension inequalities in the UK
‘Doing nothing is not an option,’ says NOW: Pensions
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NewsUK roundup: Brunel updates climate policy following review
Plus: Smart Pension reaches £3bn in total assets amid market consolidation; Timpson pension fund signs buy-in deal with Just Group
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NewsLCP sets up climate risk tool for pension scheme stakeholders
The firm is urging trustees to carefully analyse company business plans and forecasts
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NewsAMNT calls on UK government to help lay trustees reach full potential
‘Downgrading the role of member nominated trustees, whose only interest is the best outcome for members, would seem to be a retrograde and potentially harmful step,’ says AMNT co-chair
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NewsBrunel Pension Partnership calls for constructive dialogue on long-term interests
Concerns have been raised about a perceived misalignment between long-term interests and how investment managers are exercising proxy voting
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Opinion PiecesViewpoint: Australian-style reforms can unlock green growth and boost pension performance
Rewriting UK pension rules could unlock green growth, directing much-needed investment into sustainable infrastructure
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NewsIgnoring ESG factors is not an option for trustees, says The Pensions Regulator
There have been concerns on the implementation risks of greenwashing and the potential for ‘greenhushing’, among others
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NewsUK roundup: British Steel Pension Scheme in £2.7bn buy-in deal
Plus: DWP opens auto-enrolment consultation for defined benefit schemes; Direct Line Group Pension Trustee picks LifeSight as master trust provider
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NewsOverall LGPS funding level up to 107%, says report
Improved funding positions have meant that schemes have been able to reduce the level of contribution rates
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NewsUK roundup: BA Pensions appoints LCP for actuarial, consulting services
Plus: BlackRock gest FCA green light on long-term asset fund; Broadstone launches specialist admin service; FRC consults on revision to actuarial standards
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NewsPensions regulator calls on DB trustees to brush up on employers’ financial positions
A high level of debt among businesses can risk their ability to support DB pension schemes
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NewsUK travel pension fund secures £900m buy-in deal with Aviva
The buy-in and eventual buyout with Aviva will ultimately result in a better outcome for the vast majority of members
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Opinion PiecesViewpoint: Differentiation – the future of professional pension trusteeship
When purchasing professional services, choice is good. Differentiated choice is even better.
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NewsAon lauds BoE sparking ‘robust debate’ on wisdom of UK buyout surge
Consultancy responds to warning from UK central bank about risks of insurers rushing to offer bulk annuities to now-healthier DB schemes
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NewsUK bank pension scheme in £1.6bn longevity swap deal
Plus: Repsol Sinopec completes £160m full scheme buy-in with Rothesay
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Country ReportCountry Report – Pensions in UK (May 2023)
UK pensions are at a crucial juncture. The UK Parliament’s inquiry into the LDI crisis of September 2022 shed some light on its causes, but the debate on the role of LDI is alive and well. Meanwhile, regulators including The Pensions Regulator and the Financial Conduct Authority have advised pension schemes on how to make LDI strategies more resilient to shocks.
