Latest United Kingdom News – Page 12
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UK government consults on pension fund clearing exemption
UK pension funds are currently exempt from the obligation to clear certain derivative contracts until June 2025
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LCP urges UK DB sponsors to prepare for challenging economic times
Covenants under scrutiny: LCP urges sponsors to be ‘proactive’ as corporate insolvencies look set to increase
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UK pensions minister urged to encourage schemes to invest in sustainability
LCP and Pensions for Purpose’s open letter urges pensions minister Laura Trott to encourage pension schemes to invest more in areas that drive forward sustainability goals
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UK universities pension fund names new head of responsible investment
Carlisle was most recently head of sustainability at Jupiter Asset Management
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Wiltshire pension fund to stay ‘agile’ on decarbonisation target-setting
£3.1bn local government pension scheme is currently behind target with its carbon footprint down 23.3% since 31 December 2019
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King’s Speech fails to mention pension reforms
Speculation that the PPF could be used as a consolidator remains unaddressed, and this is now unlikely to be resolved for at least another 12 months, PMI says
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UK pension funds could invest up to £1.2trn to tackle climate change
Today only £100bn of the UK pension industry’s assets are invested in UK climate solutions such as offshore wind, solar and energy-efficient housing
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Gresham House raises £60m from institutional investors for unlisted equities
Worcestershire Pension Fund and several corporate and private investors in UK and Ireland committed funds
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Clara’s first superfund transaction marks ‘significant milestone’ for UK pension industry
LCP estimates there could be £5bn or more further superfund transactions in the next few years
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Clara-Pensions announces first superfund deal
The formal transfer of members will proceed at the end of November
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Independent Governance Group reveals challenges in hiring pensions managers
Out of 40 advertised roles, not one vacancy referenced ESG or sustainability as a priority or consideration for candidates
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UK should learn from Australia, US, Canada in DC system journey
Only 19% of UK assets were in DC in 2021, according to the Pensions Policy Institute
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Pensions Dashboard Programme update highlights lack of pensions engagement
Despite automatic enrolment, around 12 million people are estimated to be under-saving for later life
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UK fiduciary management fees fall by 30%
IC Select report shows base fees have fallen between 10% and 28% over the last six years, while investment fees have fallen by 38%
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CFOs uncertain of pension schemes’ endgame objective
Cardano’s research shows that 51% of CFOs are seeking external advice to determine the endgame for their schemes
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Resolution Life enters UK buyout market
The agreement provides capacity to the UK pension risk transfer writers in a sustainable way
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UK’s NEST picks BlackRock’s Aladdin risk management platform
This will help NEST to build a more resilient portfolio and enhance its capability to undertake greater and more sophisticated risk analysis
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PIC says DC saving pots should not be referred to as ‘pensions’
DC schemes fail to meet the key definition of a pension – the provision of a regular income, says PIC
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Hammersmith and Fulham Pension Fund awards climate transition mandate
Allspring will oversee 10% of the pension fund’s £1.2bn while Insight Investment will handle 5% via London CIV
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Bayer Group Pension Plan in £280m buy-in with Canada Life
The transaction secures the benefits of 40% of the plan’s pensioners, with umbrella contract allowing to insure further liabilities in the future.