IPE's United Kingdom Coverage – Page 79
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News
Actuaries association chair calls for renewed focus on systemic risks
There is currently little system-wide information on the use by individual schemes of LDI strategies
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NewsFCA’s pensions dashboards consultation aims to improve engagement
Dashboard operators will be able to offer savers additional services that improve engagement with pensions provided they meet rigorous conduct standards
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UK roundup: Balfour Beatty in £1.7bn longevity transaction
Plus: Room for improvement on pension funds’ sustainability strategies
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Opinion PiecesGuest viewpoint: The UK pensions sector should be more aggressive on consolidation
UK pension assets across both defined benefit (DB) and defined contribution (DC) funds are too fragmented, and our schemes, even the biggest, are sub-scale. Consolidation is not the answer to everything, but it is a big part of the solution.
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FeaturesUK fiduciary managers wrangle with LDI fallout
UK Gilt yields rose throughout 2022, even before September’s well-publicised spike caused by the unfunded mini budget. Fears of global inflation, exacerbated by the energy crisis and geopolitical uncertainty following Russia’s invasion of Ukraine, took UK 10-year yields from around 1% in January to 3% in mid-September.
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News
UK’s Health Foundation picks Redington for responsible investment advice
Redington will support the Foundation as it looks to bolster its position as a long-term, responsible asset owner
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News
PenSam, Greater Manchester demand tax transparency from ConocoPhillips
Danish and UK pension funds challenge US oil giant, co-filing shareholder resolution alongside Oxfam America
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News
UK mini budget accelerates DB schemes de-risking, says Russell Investments
Inflation and central bank policy action are critical issues for pension trustees and sponsors
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NewsUK’s FCA forms group to develop ESG code of conduct
The FCA, the Bank of England and other relevant financial regulators and government departments will sit as active observers to the group
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NewsUK professional trustee market may suffer retention crisis, says Charles Stanley
Two in five professional trustees plan to step down from their role within a year
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News
LDI is ‘the ultimate folly’, says UK pensions expert Keating
September crisis was no black-swan event but certain to happen in time, Con Keating tells event
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NewsUK roundup: Investors back call for large companies to provide cost-of-living support
Plus: Workplace pension provider B&CE to change name to People’s Partnership; Gulf International Bank Pension Scheme picks Aon for advice
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NewsLPPI ceo calls on LGPS to accelerate asset pooling
The pool revised projections and is now expecting to deliver net cost savings of more than £200m by 2025, more than £350m by 2030 and more than £500m by 2035
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NewsPartnerRe in £1bn longevity swap deal with UK Fortune 500 scheme
Plus: TT Group scheme in £400m buy-in deal with Legal & General
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NewsChurch of England drafts just transition investment principles
With a pensions fortune of £3.7bn, the Church of England follows up May’s 12-fund pledge to work to support the climate transition in emerging markets.
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News
UK roundup: Standard Life completes £15bn DC transition into sustainable solutions
Plus: Legal & General Mastertrust issues first TCFD report; Aon wins fiduciary advice contract for Russell & Bromley scheme
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News
Policy Exchange calls for Solvency II reform to tackle policy, regulatory challenges
Report suggested UK is sitting on large pools of capital and could do more to invest in growth businesses, infrastructure and other productive assets in the UK
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NewsNordic pension funds to push climate investment towards developing world
Climate Investment Coalition and Nordic Council of Ministers present set of investor recommendations at COP27 in Egypt
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News
Actuaries call on new pensions minister to favour flexibility to address pensions challenges
‘We urge the incoming pensions minister to listen to industry concerns about implementation of existing policies,’ says Hymans Robertson
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NewsUK regulators put spotlight on collaborative engagement in climate transition recommendations
The guidelines suggest that transition plans should identify the metrics investors and companies use to measure their climate progress
