Latest News from IPE – Page 179
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NewsFolksam stows SEK1bn into World Bank road-safety bond
Swedish pensions and insurance group is sole investor in developing-world social bond issue prompted by own CEO
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NewsSwedish boards are more female in 2023, AP2 reports
AP2 said 2023 marked the first time the percentage of women on boards had surpassed 36%
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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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NewsFirms think fund managers are better qualified to vote than stewardship teams
The FRC prepares to review the UK Steward Code and other regulatory tools later this year
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NewsPGB to minimise solidarity aspect in new Dutch DC system
The Dutch multi-sector scheme will limit the solidarity buffer to the legally required minimum of 5%, while not offering a risk-sharing buffer in its flexible DC arrangement
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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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NewsCompenswiss on path to invest €1bn in private debt
The pension scheme is pursuing a more robust diversification, capturing illiquidity premium, as the bulk of its investments is still invested in fixed income
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NewsNBIM wins bitter employment case, despite judge’s criticism
Former trading analytics chief Elisabeth Bull Daae given fortnight to pay Norwegian SWF’s NOK1.9m (€165,000) costs
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NewsEuropean Commission proposes stricter rules for ESG ratings providers
The draft legislation requires ESG ratings providers to disclose potential conflicts of interest
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NewsClosed Dutch Unilever fund to continue DB arrangement
Univest, the investment vehicle for all global Unilever pension schemes, will hand over two bond mandates to external managers
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NewsESG roundup: Impact Cubed launches Smart ESG portfolio engine
Plus: IIGCC’s bondholder climate stewardship guidance; Novata sets up private markets’ ESG benchmark collection; Rabobank blacklists Teva Pharmaceuticals
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NewsAsset management leaders remain upbeat despite a torrid 2022
European institutional AUM fell by a fifth in 2022. Global institutional assets were down 16%
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NewsATP slams structure of SFDR as undermining its own aim
“Principal adverse impact indicators” (PAIs) in article 4 of SFDR only require investors to report in the form of total portfolio numbers, says ATP
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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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NewsAP7 hires ‘engaging leader’ Lena Fahlén as new CIO
Appointment of Handelsbanken’s head of bond and currency trading will leave AP7 with new CEO/CIO team from this summer
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NewsLGIM grows climate engagement list by 500%, prioritises lobbying
The Climate Impact Pledge applied across LGIM’s equities and fixed income portfolios
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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
