Latest News from IPE – Page 158
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NewsRailpen sustainable ownership review shows members top concerns
Railpen’s sustainable ownership review showed fair treatment of workers, climate change and fair pay as top concerns for members
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NewsAllianzGI on course to hit €100bn AUM in private markets, says CEO
The asset manager plans to set up a fund management company in China and launch its first equity Sharia fund in Indonesia
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NewsDenmark’s pensions lobby to become employers’ association too
IPD accepts Finance Denmark’s proposal to dissolve employers’ body and share its work between the two industry associations
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NewsBorder to Coast increases investment in private markets
The investment pool confirmed a further £1.7bn investment in its private markets programme during 2022/2023
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NewsKPN pension fund to invest up to €700m in private debt
The €10bn pension fund considers the asset class a vehicle for impact investing
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NewsNew index created for pension plan seeking extra ESG performance at same risk
Pension fund of a ‘top European financial institution’ turned to Impact Cubed for development of the index
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NewsSwiss pension fund industry slams regulator’s new definition of improved benefits
The Swiss Chamber of Pension Fund Experts (SKPE) has firmly rejected the proposed change because it is ‘too restrictive’
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NewsUSS employers agree to restore university pension benefits
UUK and UCU agreed to full benefit restoration to pre-April 2022 levels by Monday 1 April 2024
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NewsPRI set to launch collaborative stewardship initiative on nature
The first set of supporters will be announced in early 2024
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NewsPortuguese pension funds return 1.6% for Q2 2023
Global equities had the highest impact on performance over the quarter, with returns close to 6%, according to WTW
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NewsPeople moves: GAM names new group chief
Plus: Vontobel appoints co-CEOs; Aviva recruits environmental sustainability director
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NewsTELA sharply critical of Finnish pensions reform ‘stabiliser’
Finnish government gives stakeholders a year to come up with plan to make occupational pensions sustainable and €1bn a year cheaper
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NewsFiduciary management market faced 24% fall in asset value in 2022
Client growth also stalled in 2022 as scheme buyouts and transfers to PPF offset new funds moving to fiduciary management
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NewsSwiss groups outline principles for new stewardship code
Investors can escalate their actions if engagement does not pay off, for example against a specific board member, presenting one or more nominations for board election, or divesting
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NewsInvestor group calls for climate vote at high-emitting companies
Investors including LAPFF, CCLA Investment Management and Ethos Foundation write to FTSE companies in high-risk sectors seeking AGM vote on climate transition plans
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NewsDB schemes need integrated approach to sustainability reporting
Hymans Robertson suggests three initial actions pension schemes and other institutional investors should take for successful TNFD reporting
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NewsIASB to explore options to improve accounting for climate, other risks
The board will likely focus on targeted changes covering topics such as estimates, disaggregation and materiality
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NewsDWP reviews UK’s pensions regulator making 17 recommendations
But review also concludes that The Pensions Regulator is ‘well-run’ and ‘well-regarded’ by its main stakeholders
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NewsUSS employers urge scheme for fast conclusion of 2023 valuation
Employers ‘wish to be cautious and proportionate’ in making responses to USS’s improved funding position
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NewsStakeholders propose flexible funding rules for German Pensionskassen
Proposal foresees temporary underfunding through so-called ‘standby agreement’ between the Pensionskasse and sponsoring companies
