Latest United Kingdom News – Page 39
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NewsUK master trust appoints Van Lanschot Kempen as fiduciary manager
With the mandate, the Cheviot Trust’s quality approach to governance will be enhanced by better information and data in relation to sustainability
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NewsFRC launches review of the UK Stewardship Code
The revised Code will most likely be published in early 2025
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NewsUK scheme trio consolidate into TPT Retirement Solutions master trust
The schemes joining TPT have combined assets of £220m and will transfer motre than 3,500 new members
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NewsCEO of Royal Mail Scheme joins LGPS Central
Richard Law-Deeks will work with partner funds, the board and Central’s expert team of colleagues to set and deliver the future direction of the pool
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NewsHymans Robertson sets up digital tool to help schemes’ buyout journey
The app also uses dynamic annuity pricing to let schemes see how close they are to buy-out and what happens if things change
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AnalysisMansion House Compact: spotlight on NEST
NEST 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 by 2030
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NewsUK pensions industry welcomes DWP plans for DB surplus extraction
DWP consults on plans to make DB surplus extraction easier and set up a public sector consolidator operated by PPF
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NewsUK pensions regulator to strengthen its authoritative grip
From April, TPR will create three new regulatory functions that protect, enhance and innovate in savers’ interests
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NewsLGPS Central seeks sterling investment grade credit manager via IPE Quest
The UK investment pool is expected to funded the mandate in mid-2024 with a total value of around £600m
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NewsNEST to invest £5bn in thematic equity fund by 2030
The UK workplace pension scheme appointed Lombard Odier Investment Managers to manage the multi-thematic equity fund
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AnalysisBank of England right to scrutinise the role of funded reinsurance
Prudential Regulation Authority calls for limited exposure to reinsurance
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NewsMajority of UK pension providers found to have ‘inadequate’ or ‘poor’ climate plans
UK pension providers are ‘failing to implement ambitious, science-based climate plans’, according to report from Make My Money Matter
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NewsUK electricity company picks WTW’s LifeSight as master trust provider
LifeSight now has approximately 360,000 members with £17bn in assets under management secured
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AnalysisMansion House Compact: spotlight on L&G
L&G 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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NewsNumber of UK defined benefit schemes continues to shrink
The number of UK DB schemes reduced by 2% from 5,378 to 5,297 in 2023
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NewsPeople’s Pension on track to reach £50bn in AUM in next five years
The growth will be accelerated by steps being taken to consolidate the workplace pension market
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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
