Latest United Kingdom News – Page 55
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NewsClara’s first superfund transaction marks ‘significant milestone’ for UK pension industry
LCP estimates there could be £5bn or more further superfund transactions in the next few years
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NewsClara-Pensions announces first superfund deal
The formal transfer of members will proceed at the end of November
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NewsIndependent Governance Group reveals challenges in hiring pensions managers
Out of 40 advertised roles, not one vacancy referenced ESG or sustainability as a priority or consideration for candidates
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NewsUK should learn from Australia, US, Canada in DC system journey
Only 19% of UK assets were in DC in 2021, according to the Pensions Policy Institute
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NewsPensions Dashboard Programme update highlights lack of pensions engagement
Despite automatic enrolment, around 12 million people are estimated to be under-saving for later life
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NewsUK fiduciary management fees fall by 30%
IC Select report shows base fees have fallen between 10% and 28% over the last six years, while investment fees have fallen by 38%
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NewsCFOs uncertain of pension schemes’ endgame objective
Cardano’s research shows that 51% of CFOs are seeking external advice to determine the endgame for their schemes
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NewsResolution Life enters UK buyout market
The agreement provides capacity to the UK pension risk transfer writers in a sustainable way
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NewsUK’s NEST picks BlackRock’s Aladdin risk management platform
This will help NEST to build a more resilient portfolio and enhance its capability to undertake greater and more sophisticated risk analysis
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NewsPIC says DC saving pots should not be referred to as ‘pensions’
DC schemes fail to meet the key definition of a pension – the provision of a regular income, says PIC
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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
