Latest United Kingdom News – Page 39
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NewsLGPS fully funded position to stay despite a drop
Funding levels fell to 101% as at 31 December 2023, from 108% as at 31 October 2023
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NewsUK defined benefit scheme sponsors expected to increase professional trustees' use
The new General Code is expected to bring on more challenges on in-house trustees
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NewsTransition Plan Taskforce extends mandate to ensure high-integrity transition finance goals
TPT’s newly-launched review will consider what the UK needs to do to become a leading hub for transition financial services
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NewsTPR publishes private markets guidance for trustees
TPR says trustees who do not have skills or resource to explore diversified portfolios should consider changing governance model or consolidating
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NewsUnisys pension schemes complete buy-in with Standard life
£300m bulk annuity purchase will secure the benefits of 2,400 members
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NewsUK pensions industry raises concerns over ‘Pot for Life’ proposals
LCP said the proposal represents a ‘major distraction’ from more urgent initiatives
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NewsJohn Chilman to step down as Railpen chief executive officer
Chilman will retire in 2025, after six years in the role
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NewsScottish scheme looks to reduce contributions rate from 2024
The funding level at Scottish Borders pension fund increased from 110% to 134%
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NewsNorthern LGPS considers investment expansion in line with government consultation
Partner funds express a desite to invest in a way that is ‘financially and socially beneficial’ for local areas
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NewsPPF appoints Michelle Ostermann as chief executive officer
Ostermann is set to assume her new role on 1 April, with Katherine Easter acting as interim CEO in the meantime
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NewsDalriada Trustees launches alternative pension consolidation solution
There are already 25 schemes working with Dalriada.Together, all well on their way to efficiently meeting their objectives
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AnalysisMansion House Compact: spotlight on Mercer
Mercer 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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NewsFailure to attract diverse talent is key barrier for trustees to improve DEI
Cardano research shows that absence of comprehensive diversity data poses significant risk to the effective measurement of DEI and the progress of initiatives across pension industry
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NewsGuilbert UK Retirement Benefits Plan completes bulk annuity transaction
The transaction sees Aviva insure the benefits of around 1,500 scheme members
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NewsSweden’s FTN picks Inalytics as one of its equity selection tools
Premium pension platform agency manager has appointed the UK behavioural analysis provider to supply decision analytics
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NewsAvon Pension Fund joins south-west partnership for renewables investment
New partnership will see Avon scheme and other Brunel Pension Partnership investors deploy over £300m into renewables and energy transition assets
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NewsTPR’s long-awaited General Code to improve governance standards
However, there are concerns the General Code will put financial strains on smaller schemes
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NewsUK pensions regulator publishes long-awaited General Code of Practice
The General Code of Practice is expected to come into force on 27 March
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NewsIndependent Governance Group acquires IC Select
IC Select leadership and brand will continue as part of IGG
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NewsUK pensions groups call for pension fund clearing exemption to be retained
The UK’s HM Treasury consultation on pension funds’ exemption from the clearing obligation closed on 5 January
