Latest United Kingdom News – Page 47
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NewsTPR takes tougher action over value as it issues first fine
UK regulator expects trustees of pension funds with less than £100m in assets to undertake a more detailed assessment of value for members than larger schemes
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NewsScottish Widows and Rothesay complete £6bn in-force bulk annuity deal
The transaction is expected to lead to a Part VII transfer of underlying assets and policy liability next year
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NewsBrunel, USS to sit on UK wealth fund advisory body for Labour Party
£7.3bn of public capital has been proposed for the opposition party’s envisaged National Wealth Fund
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NewsUK regulators to remove barriers on productive finance investing
FCA, PRA and TPR will work together to manage potential risk and support the development of a more positive ecosystem for UK investment
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NewsOckham Pension Scheme completes £110m buy-in deal with Just Group
This is a third buy-in completed by a pension scheme sponsored within Liverpool Victoria
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News£100bn could be returned to UK plan sponsors over next 10 years, says Isio
In response to regulatory changes, Isio launched purposeful run-on framework to help schemes invest beyond full funding on a buyout basis
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NewsRoyal London kicks off entry into UK bulk annuity market
The move follows transaction with Royal Liver UK pension scheme and the Royal London Group pension scheme
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NewsDWP’s social factors taskforce launches guide for pension trustees
UK pensions minister Paul Maynard emphasised the importance of trustees understanding social and environmental issues in investment decisions
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NewsUK moves on binding rules for ESG ratings
The UK has moved forward with its plans to regulate ESG ratings
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NewsSpring Budget was lost opportunity to focus on auto-enrolment, say schemes
There are still no details over a timeline for the introduction of changes
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NewsLPFA reports 75% reduction in listed equity carbon emission intensity
The plan now is to widen its work to add corporate fixed income and more than half of its real estate holdings, responsible investment manager
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NewsUK ‘cools-off’ on pot for life model as it announces Spring Budget
Industry welcomed slow down from government in a push to introduce lifetime pensions provider model
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NewsBritish Business Bank to award £250m to Schroders, ICG under LIFTS initiative
The funding for Schroders and ICG will be matched by pensions capital from Phoenix Group
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NewsNew responsible investment policy gives LPFA ‘greater clarity, direction’
Over 3,000 members – out of more than 97,000 – responded to LPFA’s survey, indicating they identify more strongly with social issues than environmental ones
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NewsExtra disclosure under TPR’s funding code could push up scheme costs
There is a risk that an ‘overly prescriptive’ approach pushes trustees into ‘costly tick-boxing’ exercise, according to Cardano
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NewsUK pensions regulator consults on statement of strategy for DB funding code
The consultation, which will run until 16 April, looks at what trustees will need to submit as part of planning and managing their DB schemes’ funding positions
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AnalysisMansion House Compact: spotlight on British Business Bank
When he introduced the Mansion House Compact in July 2023, the UK’s chancellor of the exchequer tasked the British Business Bank with establishing an investment vehicle to open its commercial capability and investment pipeline to pension investment
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NewsDC schemes to disclose domestic assets as government seeks to boost UK business
Chancellor introduced plans requiring schemes to report the extent to which they invest in the UK assets, and warned that under-performing schemes will be closed to new business
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NewsSmart Pension anticipates reaching £10bn in assets within three years
The workplace pension provider hit £5bn in UK assets under management and forecasts stronger growth in 2024 and 2025
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NewsAvoid ‘new shiny thing’ urge when it comes to nature, biodiversity, trustees told
‘We often complain about the lack of data, and there is a long way to go for data in biodiversity, but there are some really good tools out there,’ Faith Ward says
