Latest United Kingdom News – Page 32
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NewsDB scheme employers urged to review surplus framework ahead of valuations
Areas to be reviewed include escrow arrangements, contribution mechanisms and funding of future service contributions
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NewsMerchant Navy Ratings Pension Fund selects Schroders as fiduciary manager
WTW previously acted as fiduciary manager for the pension fund since 2014
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NewsUK DB schemes concerned over increasing volume of regulatory pressures
Russell Investments research shows that DB schemes’ concerns over regulation have more than doubled since autumn/winter 2022
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News‘Lifetime Provider Model’ still considered by UK government
Government is expected to issue responses to call for evidence in due course
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NewsCyber risks are top priority for regulatory change for UK pension professionals
Other three priorities for further regulatory change included DC small pot consolidation, dashboards and DB refunds of surplus
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NewsIIGCC urges next UK government to foster competitive economy
IIGCC is proposing five core policy solutions and warns the UK risks losing its status as climate leader
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NewsAviva, Scottish Widows and Mintago join Dashboard Operators Coalition
The three firms have applied to become QPDS operators
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NewsUK pensions regulator cuts power to request information
Section 72 requests fell to 11 in the Q4 2023 from 49 in Q4 2018
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NewsNumber of DC schemes continues to decline, says UK pensions regulator
Scheme membership has meanwhile grown by more than 12 times since the beginning of 2012, from 2.3 million to 28.8 million
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NewsBorder to Coast Pensions Partnership expands its private markets programme
Border to Coast Pension Partnership’s private markets programme has grown to £16bn following further commitments from its LGPS partner funds
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NewsCEPB warns asset owners of long-term risks of mining giant’s potential takeover
Adam Matthews at CEPB is not convinced that a potential takeover of Anglo American by BHP ‘will serve our long-term interests as a pension fund’
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NewsThinking Ahead Institute calls for investors to double stewardship resources
Report shows that industry average stewardship resourcing level is currently at around 5% of total investment management costs
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NewsSAUL is first UK scheme to adopt pass-through voting across DC, DB plans
The move strengthens the £3bn University of London’s stewardship powers which is particularly focused on voting for resolutions at the Climate Action 100+ companies
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NewsNEST picks Northern Trust for admin, custody
Northern Trust will provide key services for NEST’s investment strategy, including custody, asset allocation and rebalancing, and performance measurement
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NewsCapacity issues led to delay in Pensions Dashboards Programme
National Audit Office says capacity and capability issues, including lack of digital skills and ineffective governance, have contributed to delays to UK’s PDP
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NewsBrightwell drops head of sustainable investment role after Barron exit [updated]
Victoria Barron resigned after four years at the organisation to explore new opportunities in sustainable investment
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AnalysisMansion House Compact: spotlight on Aon
Jo Sharples, CIO for Aon’s DC solutions, spoke to IPE about Aon signing up to the compact and how it plans on embarking on a private markets journey
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NewsProfessional trustee appointments increase marking fourth year of consecutive growth
However, support for member-nominated trustees (MNTs) continues and pension fund boards are encouragedto keep them
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NewsAsset managers expect MIFID II changes to remove operational barriers – survey
Substantive Research finds that 85% of surveyed managers currently operate on the P&L research funding model
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NewsBVCA calls for pensions investment roadmap to increase UK investment
BVCA latest report shows investment by private equity and venture capital in UK businesses fell to £20.1bn in 2023
