Latest United Kingdom News – Page 6
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News‘Mandation-lite’ framework remains as Pension Schemes Bill debate concludes
Final UK parliamentary agreement clears Pension Schemes Bill for Royal Assent after last-minute concessions on investment reserve powers
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NewsDC consolidation raises fears over loss of governance voice, LCP warns
LCP warns DC consolidation concentrates pension power, risking weaker governance, reduced accountability and stakeholder influence
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NewsLocal Government Pension Schemes back Schroders Capital UK venture LTAF
Lambeth pension fund allocation drives Schroders Capital LTAF past £100m, signalling momentum for DC venture access
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NewsBorder to Coast launches just transition overlay
‘First of its kind’ overlay captures how LGPS pool integrates social dimensions of energy transition into its investment and stewardship activities
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NewsPension Schemes Bill at risk of collapsing as ‘mandation’ deadlock continues
The House of Lords voted 234 to 152 to send it back to the Commons for further discussion
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NewsShareholder revolt at BP AGM over climate and governance
Early reports suggest investors have voted against management on two key proposals
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NewsUK pensions dashboard programme calls for data quality ahead of deadline
Pension funds are urged to fix data issues as pensions dashboard connection October 2026 deadline approaches
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NewsFormer UK pensions minister claims VFM framework is ‘utterly unworkable’
Guy Opperman criticises UK’s proposed Value for Money framework as unworkable, as Pension Schemes Bill nears approval
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NewsEmma Douglas named chair of UK Pensions Regulator
Her five-year term begins on 1 July 2026, when current interim chair Kirstin Baker steps down
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NewsVidendum pension fund joins Clara-Pensions
Clara will also inject additional ringfenced capital into the scheme, enhancing security of members’ benefits as they begin journey to an insured buyout
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NewsWellcome Trust Pension Plan appoints L&G as fiduciary manager
As part of the mandate, L&G will oversee £800m of assets on behalf of more than 3,500 pension fund members
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NewsBorder to Coast and Railpen announce plans to vote against BP
UK pension investors flag concerns about transparency and governance at the oil and gas major BP
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NewsStandard Life acquires Aegon to create £480bn powerhouse
Transaction establishes Standard Life as UK’s second largest workplace pensions platform by assets, adding £74bn assets under administration and 2.1 million customers
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NewsNEST awards £450m direct lending mandate to Crescent Capital Group
The UK workplace pension scheme aims to allocate 30% of its AUM to private markets by 2030
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NewsUK government to limit controversial Pension Schemes Bill reserve power clause
The power would be limited to no more than 10% of total assets held in default funds and by no more than 5% in UK-based assets
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NewsInvestors pressure freight and logistics companies to tackle air pollution
A coalition of investors, including AkademikerPension, LBP AM, Ethos Foundation, PIRC and Achmea, have said that air pollution is an environmental risk affecting human health
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NewsUK government plans ‘targeted changes’ to proposed LGPS regulations
Pensions industry previously raised concerns that the reforms could undermine fiduciary duty and local decision-making
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NewsConsultants publish updated ‘climate competency’ guide for asset owners
Latest version said to reflect fact that ‘expectations that were previously aspirational are now generally considered business as usual’
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NewsCo-filers decide on protest vote at BP over blocked shareholder resolution
Follow This and 12 co-filers plan to vote against a board resolution about climate disclosures because BP is not tabling its shareholder resolution at its forthcoming AGM
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NewsFCA ESG ratings plans attract support but raise concerns over scope
Industry supports FCA oversight of ESG ratings providers but raises concerns over scope, burden and implementation
