Latest – Page 106
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News
Responsible investment policies ‘could boost contributions by £1.2bn’
Franklin Templeton recommends schemes align with member values via better integration of responsible investment into DC strategies
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NewsClimate change: PRI develops ‘inevitable policy response’ forecast
The PRI has commissioned research forecasting the nature and financial impacts of a forceful and disorderly government response to climate change by 2025
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NewsSwiss pension funds’ alternatives allocation hits double digits [updated]
Complementa study also finds that pension funds will have to cut benefits to close the gap between required returns and forecast returns
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NEST to launch regulated investment arm
The £8bn multi-employer scheme has requested authorisation from the UK regulator to set up NEST Invest to allow co-investments and derivatives use
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NewsNEST names managers for first move into private markets
Amundi and BlackRock will manage roughly 5% of the DC master trust’s default funds with inflows expected to start in October
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NewsCould holding negative-yielding bonds clash with fiduciary duty?
Cambridge Associates says trustees and pension fund managers should review LDI mandates and passive government bond allocations
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NewsDisabled workers’ scheme switches to ‘cheaper’ passive strategy
The €8.5bn PWRI is also aiming to expand its responsible investing strategy and has added to allocations to green bonds and its ‘inclusion portfolio’
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‘Huge’ variations in outcomes between default DC funds: report
Employers have been urged to monitor the performance of their pension plans more closely given big differences between fund outcomes
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€2.2bn scheme tightens manager constraints after regulatory intervention
De Nederlandsche Bank stepped in to demand changes to Pensioenfonds Atos’ investment strategy and governance processes
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NewsItalian pension fund Solidarietà Veneto to add infrastructure, real estate
Fund for companies in the Veneto region said it was ready to make the move based on its experience so far in private markets
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€3bn Dutch pharmacy staff scheme reduces risk profile
PMA reduces equities allocation from 50% to 40% in favour of fixed income, lifts interest rate hedging to 40%
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Cadbury Mondelēz takes a bite out of liabilities with £520m buy-in
Deal with Rothesay Life is pension scheme’s second buy-in in 10 years as insurers process busy pipeline of de-risking transactions
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Dutch regulator’s pension fund aims for 30% outperformance on ESG
Pensioenfonds De Nederlandsche Bank also plans to reduce its carbon footprint by 10% relative to benchmark, and cut controversial weapons and tobacco from its investment universe
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KPN scheme ups fixed income holdings after difficult 2018
The €10.2bn KPN Pensioenfonds cuts strategic allocation to securities in favour of fixed income, and has allocated to green bonds
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‘Link investment policies to scheme demographics’, says trustee
Schemes’ investment policies should be geared to the age of a scheme’s population, says Dutch pension trustee Paul de Geus
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NewsHSBC pension scheme strikes £7bn longevity risk transfer
Deal with Prudential Financial is the second-largest longevity swap completed by a UK pension plan after the BT Pension Scheme’s £16bn deal in 2014
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UK universities back fresh funding proposal for USS
Employers backing the UK’s largest pension scheme agree to measures supporting lower contribution rates, including a moratorium on exits
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Chart of the Week: How Europe’s pension funds performed in H1
Double-digit investment performance has not lightened the mood as Dutch pension funds face benefit cuts and others warn of turbulent times ahead
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Church of England eyes private equity after 2.6% loss in 2018
The £2.4bn Church of England Pensions Board was hit by the fourth-quarter public equity crash, but also incurred losses on its liability-matching portfolio
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NewsFRR launches ESG portfolio analysis searches and updates RI policy
Responsible investment strategy for 2019-23 includes aligning portfolio with 1.5-2°C warming trajectory and defining an ‘extra-financial risk budget’
