Latest United Kingdom News – Page 9
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NewsPensions Insurance Corporation Group acquired for £5.7bn
PIC will be held by a single strategic owner for the first time in its 20-year history
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NewsPensions and Lifetime Savings Association rebrands with new strategy
The new name aims to reflect the importance of pensions in people’s lives and economic growth
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NewsUK fiduciary management AUM hits £272bn as mandate sizes grow
Quantum Advisory’s latest report shows a decline in the number of mandates seeking high returns
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NewsHymans Robertson launches checklist for defined benefit pension funds
It is crucial for DB schemes to follow clear process in run-on journey, says Sachin Patel, head of corporate DB
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NewsShell pension funds pick GSAM as new fiduciary manager
The decision means that Shell Asset Management Company (SAMCo) will be wound down in due course
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NewsTrustees urged to respond to consultation on financial advice overhaul
Pension fund trustees are among the stakeholders the FCA is seeking input from on ‘targeted support’ consultation
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NewsMolins UK Pension Fund completes £249m buy-in with Aviva
The transaction secures the benefits of over 3,500 members of the scheme sponsored by Mpac Group
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NewsJesal Mistry to leave Legal & General Investment Management
Mistry has helped L&G navigate the Mansion House agenda driven by the UK government
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NewsLGPS fund commits £25m to nature-based infrastructure fund
West Yorkshire Pension Fund backs firm that aims to raise £10bn for nature-based infrastructure over the next decade.
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NewsCollaboration between UK government and investment industry is crucial to support growth
‘Our ambition is for the UK to become the world’s most innovative full-service financial centre—and we’re already making progress’, says investment minister
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NewsFCA probes risk trade-offs in push for UK growth
FCA’s Kate Collyer stresses the importance of understanding the potential trade-offs when introducing more risk
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NewsUK launches consultations on ISSB, transition plans and sustainability assurance
Announcement comes as GRI unveils two new climate standards
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NewsBaker Hughes completes three buy-ins worth £900m with PIC
The transactions secure pensions of over 3,000 pensioners and dependents, and nearly 4,000 deferred members
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NewsInvestors call for corporate and government action on toxic chemicals
Investors have also put their name to a statement urging more action to combat air pollution
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NewsAXA IM debuts Equity Shield funds with DC scheme seeding £200m
The products – Equity Shield 75 and Equity Shield 80 – form part of a new Equity Shield strategy
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NewsVan Lanschot Kempen creates £100m private markets portfolio for DB scheme
The mandate is structured to provide the pension fund with access to Van Lanschot Kempen’s capabilities in private equity and infrastructure
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NewsLegal opinion finds worry over liability risks from climate plans is ‘overstated’
The IFRS Foundation this week published guidance on transition plan disclosures to support ISSB reporting
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NewsUK government sets out ‘modern Industrial Strategy’
British Business Bank commits £6.6bn of new capital to boost growth; Financial services sector plan coming in July
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NewsLloyds Banking Group consults on moving pension fund provision in house
The bank’s pension fund would be administered by Scottish Widows
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NewsPensions admin firm Festina ready to take on UK pension fund clients
The Danish fintech firm says the UK market is ‘at an inflection point’
