Latest United Kingdom News – Page 46
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NewsHammersmith and Fulham Pension Fund awards climate transition mandate
Allspring will oversee 10% of the pension fund’s £1.2bn while Insight Investment will handle 5% via London CIV
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NewsBayer Group Pension Plan in £280m buy-in with Canada Life
The transaction secures the benefits of 40% of the plan’s pensioners, with umbrella contract allowing to insure further liabilities in the future.
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NewsSouth Yorkshire pension fund delivers surplus of assets over liabilities
This is the first time South Yorkshire Pensions Authority delivered surplus of assets over liabilities since 1990s
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NewsThe Pensions Regulator will not mandate schemes on how to invest
Instead, TPR will be challenging decision-making to ‘make sure trustees are always acting in members’ interests’, says Nausicaa Delfas
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NewsStandard Life highlights barriers for trustees to deliver endgame strategy
Market volatility was cited as a key concern by trustees to deliver their endgame strategy
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NewsSchroders centralises private debt, credit alternatives strategies in new unit
Newly-formed Private Debt and Credit Alternatives (PDCA) business will initially oversee $30bn in assets under management
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NewsNOW: Pensions increases investment with sustainable objectives to 82%
A total of 23 green, social or sustainable bonds now make up over 15% of NOW: Pensions’ portfolio, up from 13% last year
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NewsESG and climate change ‘at the core’ of PPF stewardship strategy
‘The focus on understanding long-term material risks and opportunities has continued unabated,’ says PPF CIO
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NewsUK’s NEST looks to add to illiquid assets
As at 31 March 2023, NEST was managing £29.6bn on behalf of scheme members
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NewsUK pensions regulator to take ‘more assertive’ approach
‘We will be testing the full suite of powers available to us to really change behaviours’ says TPR
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NewsDWP embraces PPF as potential public pensions consolidator candidate
‘From a variety of perspectives there’s clearly an investment model that we already have, expertise and infrastructure,’ says the PPF
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NewsDB pension funds ‘working against’ government’s productive finance agenda
Defined benefit schemes have now stopped and some even reduced their allocation to illiquid assets, says WTW
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NewsSolution to small pots proliferation is to use pension dashboard infrastructure
A solution to small pots proliferation will require ‘a new piece of data infrastructure’, DWP said
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NewsVan Lanschot Kempen outsources LDI strategies to SSGA
New investment solution will help clients navigate new economic landscape, manage liquidity, reduce their funding level volatility
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NewsUK pensions industry told to prepare for consolidation
Industry experts expect to see a significant amount of consolidation in the market by 2035
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NewsBrunel adds impact target to new private equity allocation with Neuberger Berman
The strategy will commit 40% to impact investments, while the remaining 60% will be invested according to Brunel’s responsible investment policy
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NewsDWP advisers tell pension trustees to add social considerations to RfPs and mandates
Report on social factors contains recommendations and a framework its chair hopes will be picked up by ISSB
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NewsChurch Commissioners for England boosts responsible investment activity
‘Our integrated approach to responsible investment aims to affect real change in the wider economy,’ says First Church estates commissioner
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NewsLGPS consultation did not deliver expected clarity, PLSA conference hears
‘The government wants us to accelerate and then collaborate and ultimately we then consolidate. That’s the message we’re getting,’ says PLSA local authority committee chair
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NewsDefault consolidator model for small pots could create ‘virtuous circle’
In order to solve the ‘anxiety’ around small pots the best place to start is with a default consolidator model, says NEST’s Zoe Alexander
