Latest United Kingdom News – Page 9
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News
IGG launches centre of excellence to help schemes navigate endgame solutions
TPR analysis shows 3,750 of 5,000 DB schemes as being in surplus on a low dependency basis, with a further 950 approaching the same level of funding
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News
LPFA appoints Minerva to help strengthen its stewardship role
Minerva will develop a bespoke voting policy for LPFA that aligns with the fund’s net zero objectives and targets
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Major investors urge companies to tackle nature-related inaction
Swedbank Robur Fonder AB, BVK, P+ and Velliv are among the 26 institutions signing a statement issued by the World Benchmarking Alliance
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Government consults on UK pension investment review
The first phase of pension review aims to boost investment, increase pension pots and tackle waste in the pension system
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LGPS Central sees assets under management grow to £29.9bn
the pool claims to date it has saved partner funds £89m
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UK regulator tells schemes to ‘act now’ on pensions dashboards
TPR said it will take action against schemes that do not comply with its expectations
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Fiduciary managers evolve capabilities to meet changing needs of UK DB schemes
While more large schemes are now adopting fiduciary management, the market remains dominated by smaller schemes, says IC Select survey
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Coats Group scheme completes £1.3bn buy-in deal with PIC
The deal covers 18,042 scheme members, as the plan sponsor makes upfront cash contribution of £70m to the scheme and a further £30m loan
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News
National Grid Pension Scheme outsources executive services to LCP
The appointment comes after the scheme’s CEO Chris Hogg announced he was stepping down this summer
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Co-investment fund to give pension schemes route to invest in UK growth
The fund launches with £150m of capital in Q1 2025, aiming to direct up to £1bn of pension investment
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News
Smart Pension, NatWest Cushon and Moneybox join Dashboard Operators Coalition
The trio takes the number of coalition members to 10
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Investors encouraged to push proxy advisers on climate issues
Investor group statement comes a year after the group urged the Institutional Shareholder Services (ISS) to step up on climate proxy voting advice.
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Standard Life offers lifeline to scammed pension savers
Dalriada Trustees have appointed Standard Life as ‘safe haven’ provider to support defrauded pension savers
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Over half of FTSE350 DB pension schemes to be fully funded on buyout basis in the next three years
Around 35% of the schemes are estimated to be fully funded on buyout basis at 31 May 2024, representing £175bn in liability values
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Endgame decisions expected by most schemes within next five years
Survey of 100 trustees found that almost all schemes were beginning preparations for entering endgame
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Opinion Pieces
Viewpoint: Reeves must acknowledge infrastructure challenges
The integration of illiquid asset classes into pension funds introduces a host of technological, operational and structural challenges that must be addressed
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News
XPS launches illiquid assets solution
XPS Xchange adopts a three-pillar approach, enabling trustees to search for buyers and sellers across brokers, secondary fund managers and other buyers
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HM Treasury urged to regulate investment consultants
ShareAction letter is backed by AMNT, FCA, Pensions for Purpose, Make My Money Matter, Carbon Tracker, Green Alliance and Seefair
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News
UK government launches first phase of pensions review
First phase of ‘landmark’ pensions review will focus on developing policy in four areas
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Government actuaries recommend further work on climate risk for LGPS
GAD recognised ‘significant progress’ made by funds since climate change principles were agreed