Latest United Kingdom News – Page 2
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News
Investors want more clarity on decarbonisation plans for UK transport industry
UK government risks creating an investment hiatus through its inconsistent and opaque approach to public-private engagements
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News
PLSA calls for superfund regime before establishing public sector consolidator
Association says more time is needed to determine whether public sector consolidator is needed
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PPF-run pensions consolidator could unlock £10bn in UK investment
The lifeboat scheme estimates that pension funds with assets totalling £130bn could be interested in a transfer
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FTSE350 DB schemes do not invest in line with Mansion House agenda
Mercer analysis of FTSE350 pension funds shows an aggregate surplus of £66bn at the end of March 2024
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News
Shell calls on investors to reject climate resolution from European pension funds
Follow This calls on responsible investors to ‘side with their peers’ instead of the board of Shell
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News
Huge amount of work left for schemes ahead of pension dashboards launch
LCP’s survey found that only 39% of its webinar attendees had prepared pensions dashboard ‘project plan’
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TPR’s Statement of Strategy will be challenging and costly for UK schemes
Completing the template as proposed will create a lot of extra work and could add 20% to scheme valuation costs
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News
Grant Thornton Pensions Fund appoints Cardano as fiduciary manager
Cardano will provide services including investment advice, investment management, and risk management for the £250m scheme
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News
Industry provides further backing for PPF endgame role
The consultation on DB surplus extraction and the public sector consolidator operated by PPF closes on 19 April
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News
UK regulator paves way for return of client-funded investment research
FCA consults on allowing asset managers to bundle payments again, with ‘guardrails’
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Lucite International Pension Fund in £130m buy-in with Just Group
The transaction secures the benefits of 438 uninsured members, including 156 pensioners and dependants and 282 deferred members
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News
Aviva launches streamlined bulk purchase annuity service for smaller schemes
The service supports market access for schemes with assets below £100m
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Analysis
Mansion House Compact: spotlight on Phoenix
Sam Tufts, head of strategy and solutions in asset management team at Phoenix, spoke to IPE about the group’s plan to extend its private markets experience for DC
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News
NEST appoints Ian Cornelius as interim CEO
Ian Cornelius will become Interim CEO on 1 May 2024 following a short handover period from Helen Dean who leaves the scheme on 30 April
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News
CDC should be innovative and diverse, urges Hymans Robertson
Hymans Robertson highlights four areas of focus for the development of CDC: intergenerational fairness, benefits through scale, harnessing inertia, and regulation
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News
UK master trusts’ overseas equities post three times higher returns than domestic investments
Overseas equity investments do not align with chancellor of the exchequer’s plan to help grow the nation’s economy
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News
De Beers Pension Scheme completes £850m full buy-in deal with PIC
The transaction secures the pensions of 1,464 pensioner members and 473 deferred members of the scheme
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News
Lifetime provider model risks undermining success of automatic enrolment
‘Member choice would deliver few benefits, but risk throwing away the gains from auto-enrolment,’ says ABI’s Yvonne Braun
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News
Norwegian wealth fund ratchets up criticism of UK’s dual-class share plan
Apart from undermining UK’s reputation for strong investor protection, argues NBIM, FCA’s efforts might not even pay off
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News
UK pensions committee calls for fresh approach to funding regulations
Industry welcomes recommendations that will help open DB schemes thrive