IPE's United Kingdom Coverage – Page 76
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NewsRSA Group completes £6.5bn buy-in deal with Pension Insurance Corporation
This makes it the largest ever bulk annuity transaction from pension schemes to insure
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NewsBorder to Coast appoints emerging market equity managers for £700m
Due to launch in spring 2023, the new fund will complement Border to Coast’s existing internally managed EM proposition
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NewsUK roundup: L&G Mastertrust reaches £20bn AUM milestone
Plus: Smart Pension achieves 50% cut in default growth fund emissions, 20-20 Trustees to merge with Punter Southall Governance Services
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NewsTPR’s new funding code causes cost concerns for DB schemes
Nearly half of trustees and sponsors (42%) are concerned about the additional governance challenges, and in turn associated costs, that the code will bring
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NewsDifficult for pensions industry to prepare for pensions dashboards, says Isio
For pensions administrators, the decision on which ISP to connect with constitutes the beginning of a long-term partnership and significant investment
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NewsThe Pensions Regulator launches ESG, climate campaign
TPR is warning trustees that enforcement action may be taken against them if they fail to publish their statement of investment principles
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NewsUSS chief signals ‘cautious optimism’ as new report shows £5bn surplus
CEO says more ups and downs may come before end-March official valuation of UK academics’ DB scheme
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NewsFCA launches consultation on asset management regulation
Regulator looking to improve asset management regulation with a more modern and tailored regime
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NewsBrunel Pension Partnership unveils new climate change policy
The investment pool wanted an independent assessment of whether their climate change policy was delivering on its purpose
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NewsUK pension schemes look for long-term lower returns, survey finds
As a result of the Gilt crisis, almost half of respondents said they would be reviewing the operational aspects of their investment strategy
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NewsUK roundup: Phoenix Group assigns £338m to multi-asset climate solution
Plus: Bfinance completes management buyout; FRC adds signatories to UK Stewardship Code
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NewsUK watchdog canvasses views from financial sector on sustainability
FCA issues discussion paper to highlight good practices and mull need for more regulation
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NewsUK roundup: The Pensions Regulator to be reviewed by Mary Starks
Plus: Smart Pension adds JP Morgan ETF to sustainable default growth fund
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NewsArcadia Group in £850m buy-in deal with Aviva
Further work is being carried out to determine the future level of pension increases for members of the senior executives scheme
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NewsPotential £250bn of DC assets could be invested in private equity, report finds
Significant allocations to private equity have the potential to improve retirement outcomes for DC savers by well in excess of 10%
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NewsUK roundup: British American Tobacco scheme completes £250m buy-in deal
Plus: NEST ends admin contract with Atos
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NewsCut LDI gearing, introduce liquidity buffers, says UK parliamentary panel chair
After scrutinising last autumn’s LDI crisis, House of Lords’ Industry and Regulators Committee makes recommendations for reform to UK government
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NewsUK trustees urged to actively consider impact of Gilts crisis
XPS launched an LDI Oversight Service to help trustees review their LDI arrangements
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NewsUK roundup: New Funding Code could affect how pension schemes are run
Plus: Phoenix Group joins Transition Pathway Initiative; Multiple pensions dashboards already a reality, says Moneyhub
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NewsUK roundup: Royal Mail Pension Plan picks BlackRock for £8.8bn OCIO mandate
Plus: Morrisons retirement plan in £762m buy-in deal; Only 1 in 20 schemes are ready to provide dashboard data
