Latest United Kingdom News – Page 2
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NewsLocal authority forum calls for BP to show ‘genuine’ capital spending discipline
UK-based Local Authority Pension Fund Forum urges oil giant to justify increased exploration and capex amid warnings its future projects are increasingly uncompetitive
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NewsGilt market reaction to UK Budget remains subdued despite OBR leak
Gilt market reaction to the UK Budget was ‘subdued’
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NewsBritish Coal staff handed back £2.3bn pension pot in UK Budget
This latest decision by the chancellor will see £1.97bn transferred to BCSSS this year
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NewsPeople’s Pension overhauls pre-retirement strategy, cutting cash, sovereign debt
UK pensions provider revamps its pre-retirement strategy, cutting cash and sovereign debt in favour of global short-dated credit
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NewsUKSIF warns climate risk, net-zero are missing from UK pension review
UKSIF chief James Alexander urges the UK Pensions Commission to put climate risk and net zero transition at the centre of its review of the UK pensions system
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NewsBritish Business Bank to launch venture capital initiative for pension funds
Bank also confirms Aegon, NatWest Cushon and M&G as investors in first fund launched by the British Growth Partnership
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NewsBBC Pension Scheme completes £6bn longevity swap
The longevity swap covers pensioner liabilities representing around 21,000 members
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NewsSmart Pension buys £580m stakeholder fund, targets £10bn AUM by mid-2026
Smart UK’s CEO says master trust is on track to achieve a £10bn AUM milestone
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NewsAegon UK workplace default fund hits £1bn in long-term asset funds
Aegon confirmed that plans are in place to increase LTAF allocations within its default fund, aiming for a combined 17% target allocation by 2028
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NewsUK regulator tells trustees to treat member data as ‘most important strategic asset’
‘With the pensions dashboard deadline less than a year away, the need for reliable data has never been more urgent’, says regulator
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NewsWolseley Group Retirement Benefits Plan in £600m buy-in with Aviva
The transaction secures benefits of nearly 10,000 members
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NewsUK bulk annuity sector ‘resilient to severe market shock’, stress test finds
PRA to consider whether further action is needed to ensure the regulatory capital treatment of FundedRe transactions is appropriate
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NewsUK lifeboat fund consults on keeping levy at zero for 2026/27
Pension Protection Fund says it will continue to build financial security principally through its investment returns
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NewsDiversity Project seeks new name amid rising DEI backlash
Baroness Helena Morrissey, chair of the Diversity Project, says ‘It’s time to reframe and depoliticise the discussion and to reclaim our original intention’
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NewsLocal Pensions Partnership’s assets to grow to £54bn as six new funds sign up
The formal process is expected to be completed by the government’s deadline of 31 March 2026
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NewsUK asset manager body asks for more tailored rationales for exec pay
But overall flexible approach is working well, says Investment Association
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NewsUK pensions push back on LSEG’s 25% domestic investment call
Industry is proposing that all DC schemes designate a ‘UK-weighted’ fund as their default arrangement
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NewsBuyout boom cements insurance as top endgame for UK DB pension funds
LCP projects a continued ‘healthy’ pipeline of £350bn to £550bn of buy-in transactions over the next decade
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AnalysisTNFD to stop work as ISSB kicks off standard-setting on nature
Also: IIGCC to launch new investor deforestation platform to build on momentum of COP26-launched FSDA
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NewsTPT appoints trustee board for run-on DB superfund
The appointment of the board comes as TPT prepares for The Pensions Regulator’s (TPR) assessment of its superfund proposition
