Latest United Kingdom News – Page 59
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NewsUK pensions regulator to build on relationship with admins
TPR is innovating by using its supervision approach to establish open, two-way relationships with several “strategically important” pension administrators
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NewsLCP finds major increase in professional trustee use
Professional trustee firms are expanding their services into a variety of domains
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NewsLocal Government Pension Scheme funding level reaches 102%
LGPS funding levels improved from the 67% estimate as at 31 March 2022 triennial valuations
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NewsPPF opens levy consultation to halve charge to £100m
‘It is clear that PPF would like to go further but is constrained by law,’ says LCP
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NewsTransaction cost analysis should push for further transparency, says Bfinance
Despite efforts from regulators to improve cost disclosure, Bfinance argues disclosure does not equal transparency
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NewsPPF would take 18 years to consolidate smallest UK DB schemes, says WTW
Crucial changes to the shape of benefits will present a ‘significant hurdle’ for trustees, if their consent is required for any consolidation
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NewsBAE Systems appoints Goldman Sachs Asset Management for £23bn mandate
The plans sponsor’s in-house investment management team will join Goldman Sachs AM
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NewsLothian Pension Fund names new CIO
Emmanuel Bocquet will succeed Bruce Miller who earlier this year announced his decision to retire
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NewsUK roundup: BA pension fund appoints Redington as consultant
Plus: Risk of new generation of gender inequality, says LCP
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NewsUK roundup: ITB Pension Funds complete £290m buy-in with Just Group
Plus: Aon publishes DB funding report; TPT enhances responsible investment choices for DC members
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NewsTPR calls on trustees to make climate scenario analysis ‘useful’ amid criticism
The criticism presents a ‘timely opportunity to take stock and look ahead’, says TPR
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NewsPPF latest climate report shows focus on high-quality disclosure
The fund has been spending ‘considerable’ time gathering climate assessment for every asset class, says CIO
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NewsFinancial industry calls on UK government to show climate commitment
‘Long-term and consistent policy will help drive real investment into the UK economy,’ says chair of BT Pension Scheme
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NewsTPR updates DC guidance ahead of illiquid ‘disclose and explain’ regulations
New regulations have removed regulatory barrier that may have hindered trustees from exploring investment in certain funds with performance fees
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NewsP&O secures benefits of remaining pensioners in £440m buy-in with Rothesay
The deal will secure benefits for 5,300 P&O pension scheme members
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NewsAverage total LGPS contribution rates fall to 21.1%
Report from LGPS Advisory Board also showed that LGPS funding levels improved from 98% to 107% in 2022
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News‘Significant’ proportion of pension savers interested in CDC for decumulation
Overall, 30% of pension savers expressed preference for a CDC pension.
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NewsTPR’s updated guidance opens the door to more UK superfund activity
But the latest guidance may be “too little, too late”
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NewsTPR updates superfunds guidance with saver security as primary focus
When TPR published its original guidance in 2020, it committed to review the issue of profit extraction within three years.
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NewsShift in mindset required to increase investment in private debt
There are “significant opportunities” in private debt investment which could lead to improved outcomes for members, according to Hymans Robertson.
