Latest United Kingdom News – Page 38
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NewsPLSA streamlines stewardship and voting guidelines
The guidelines feature five themes: social factors, cybersecurity, artificial intelligence, biodiversity and dual-class asset structures
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NewsVector Pension Scheme completes buy-in with Standard Life
The transaction secures the benefits of approximately 1,800 members
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NewsCMI ignores mortality data for pandemic years
Continuous Mortality Investigation places no weight on the data for 2020 and 2021 in the core version of its 2023 Mortality Projections Model
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NewsCurrency hedging can be big liquidity drain for UK schemes, says Railpen
‘Currency hedging can be a big risk to a portfolio’ says John Greaves
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NewsTesco Pension Scheme to outsource investment management to Schroders
The transfer of its investment portfolio management to Schroders will be completed before the end of 2024
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NewsPPF selects Aviva to provide DC solution for hybrid schemes
Under the partnership, benefits of DC members of the PPF hybrid schemes will now be protected by Aviva’s master trust
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NewsRemoving age and earning thresholds could help close UK gender pension gap
Research from NOW: Pensions and PPI found that women retire with an average pension savings of £69,000, compared to £205,000 for men
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NewsScottish Widows Master Trust appoints Isio as investment adviser
Isio will advise on default design, asset allocation, manager selection and risk management for Scottish Widows Master Trust
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NewsAon expands services to help clients assess security in pension schemes
Aon has appointed Alice Wilmot and Michael Fenton to its covenant and security team
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NewsAuto-enrolment changes could add £105bn to young adults’ pensions
People’s Partnership has called for cross-party agreement with the support of key unions and trade bodies, on a timeline for implementing auto-enrolment reforms
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NewsQuarter of UK schemes yet to start General Code preparations
The Pensions Regulator’s General Code has been laid before parliament earlier this month and is expected to come into effect at the end of March
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NewsAMNT backs mandatory standardised vote reporting to pension schemes
Legislation to make standardised vote reporting by asset managers is currently before the House of Lords
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NewsIndustry sees continuity in Labour Party pension plans
Some ‘slightly interventionist’ changes include strengthening TPR powers in relation to DC consolidation
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NewsWPT and Cushon in a first master trust consolidation
This is the first time an acquired authorised master trust has been merged into another authorised master trust
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NewsPension insurers charter commits to sustainable pension risk transfers
‘The charter delivers on a better articulation of what the pensions community wants from insurers,’ says A4S
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NewsDWP regulation is ‘starting gun’ for new DB funding regime
Final set of regulations provide greater flexibility for mature schemes to diversify investments in a wide range of assets without constraints, says PLSA
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NewsUK government confirms final DB scheme funding regulations
The regulations are set to come into force from April 2024
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NewsUK innovation and tech pension scheme in £400m buy-in deal with Just Group
The deal secures the benefits of all 2,500 pensioners and dependants and 1,500 deferred members of the scheme
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AnalysisMansion House Compact: spotlight on Smart Pension
Smart Pension joined the Mansion House Compact in July 2023 as one of the first signatories, committing to allocating at least 5% of its default funds to unlisted equities
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NewsRexam Pension Plan in £1.4bn buy-in deal with Rothesay
The deal secures the benefits of over 14,000 members of the scheme
