Major report on climate adaptation hailed as a ‘wake-up call’ for UK investors
Climate Change Committee says ‘critical action needed’ to safeguard the country’s financial system
UK DC consolidation drive gathers pace as L&G default fund reaches £25bn
L&G says its flagship DC default fund exceeded government scale ambitions and private markets commitments
FCA raises concerns about ESG in credit ratings
Move comes as US Republicans threaten credit rating agencies with enforcement action over integration of sustainability risks
Trustees told to retain accountability as TPR sets expectations for pension AI use
The Pensions Regulator clarifies expectations on AI use, warning trustees that accountability remains unchanged despite rapid adoption across pensions
PGB defies trend with positive 2025 return – but only just
The Dutch multi-sector fund reaped the benefits of strong equity returns and a higher dollar hedge
Mortier to lead investments in Amundi leadership reshuffle
Dominique Carrel-Billiard departs as head of real assets and alternatives, as does institutional and ESG head Jean-Jacques Barbéris
UK pensions industry urges commission to ‘be brave’ on adequacy reforms
Industry leaders urge bold pension reforms as UK retirement undersaving risks rising to 19 million
Shell AGM climate vote signals investor doubt but falls short of expectations
Follow This says Shell investors remain concerned about fossil fuel risk, despite management securing broad backing at its annual general meeting
Vatican bank boosted by pension fund gains as net assets rise to €815m
Improved pension fund reserves and investment gains helped drive Vatican bank profitability and net assets higher
New LGPS cost transparency framework launches with ClearGlass appointment
ClearGlass will work with LGPS funds and pools to support a smooth transition from the centralised cost data system, due to close in August 2026
Pensions UK calls for clearer pathways to channel pension capital into UK growth
UK pensions association urges coordinated reforms to unlock scalable pension investment into long-term UK growth opportunities
PKA chief hands ultimatum to politicians on state aid after Morrow loss
‘We want to support Europe. We want to contribute to the green transition,’ says CEO Jon Johnsen
German pension sector weighs in on proposed IORP II overhaul
German industry, government and supervisors warn proposed IORP II changes risk undermining occupational pension provision
Talks to create Iceland’s biggest pension fund stall after number crunching
Pension Fund of Commerce and Birta Pension Fund say their boards have decided not to start formal merger talks ‘at this time’
EFAMA warns EU due diligence proposals could disrupt UCITS distribution
Asset managers raise concerns over proposed EU anti-money laundering standards, noting potential disruption to global distribution of UCITS investment funds
Asset manager duo targets global active ETF in strategic partnership
State Street Investment Management and Ninety One will launch active UCITS ETFs targeting global and emerging markets investors
Basel pension fund ties impact investing to returns and exclusion policy
PKBS links impact investing to market returns, expanding sustainability focus to biodiversity and human rights
UK regulator targets DB, hybrid schemes over dashboards data preparedness
TPR warns DB schemes’ inaccurate value data could undermine pensions dashboards ahead of October connection deadline
Market-led narrative on climate action has hit ‘fundamental limits’
LSE researchers warn asset owners must reset climate strategies around policy, mandates and practical levers for real-world transition
People moves: CEO of PGGM to leave after nine years
Edwin Velzel has announced his departure as CEO of Dutch pension administrator and asset manager PGGM
LGPS pool hires former Brunel staff as Bristol office opens
Local Pensions Partnership Investments expands team and regional presence after onboarding six new partner funds and increasing AUM
Weak dollar drags PFZW into loss despite strong credit performance
Dutch healthcare pension fund saw climate transition mandate make a 20% loss on returns
Babcock Pensionskasse adopts defensive strategy amid solvency pressures
German pension fund de-risks portfolio, reduces alternatives and focuses on euro-denominated fixed income investments
PRI data shows asset owners tighten RI oversight of managers
Data by Principles for Responsible Investment shows asset owners are increasing scrutiny of managers and deepening RI implementation efforts
UK pension professionals call for debate on lifeboat fund surplus use
Society of Pension Professionals urges consultation on future use of Pension Protection Fund’s £14bn reserve surplus
In-house teams expand as Italian pension funds deepen alternatives exposure
Italian pension funds expand internal private markets teams as allocations rise and governance demands intensify
Asset managers rethink research budgets amid AI shift
Substantive Research data shows 736 mid-tier analysts exited the market between 2023 and 2026, contributing to a leaner sell-side structure
Run-on momentum builds as XPS unveils integrated scheme solution
Defined benefit pension funds accelerate run-on planning as XPS launches integrated solution ahead of surplus regime changes
Investors seek support for pressure on Shell climate disclosure
Major pension funds representing over €1trn in assets are pressuring Shell ahead of its AGM, following BP’s shareholder revolt over similar climate disclosure demands
UK regulator outlines six priorities in refreshed five-year strategy
TPR plans to publish the final version of its strategy in July, alongside its Corporate Plan
Asset owner diversity initiative builds data platform to boost industry action
New platform to offer Asset Owner Diversity Charter signatories opportunity to act on diversity data ‘with new rigour’
Swisscanto private equity funds attract CHF319m from pension investors
Domestic pension investors drive fundraising momentum across Swisscanto’s private equity and decarbonisation strategies
Irish watchdog warns trustees over governance failings ahead of authorisation regime
Trustees face stricter governance, resilience and conflict management standards under Ireland’s forthcoming authorisation regime
Hermes pushes back against wind farm claim in high court defence
The asset manager says unforeseen Swedish power market disruption, not mismanagement, drove losses in North East Scotland Pension Fund wind investment
Italy’s pension fund regulator rebuked for ‘overly prescriptive’ investment rules
Italian pension experts warn Covip’s proposed auto-enrolment investment rules risk limiting board autonomy and flexibility
EU outlines plan for new sustainability reporting standards
The European Commission has unveiled its plan for the next iteration of ESRS and opened it up for feedback until 3 June
Investor groups split over future of Shareholder Rights Directive
Debate intensifies over EU shareholder rules, with conflicting views on stewardship, proxy advisers and disclosure
UK SDR label imbalance could curb pension scheme use, FCA acknowledges
The UK regulator says it is committed to working with the industry to understand why more fixed income managers or funds are not seeking a label
Swiss pension funds rebalance gold, aggregate bond exposure
Gold is losing its defensive edge as volatility rises, prompting portfolio rebalancing across Swiss pension schemes
People moves: Lothian Pension Fund names financial chief
Plus: L&G appoints CIO for institutional retirement business; SEI adds duo to its master trust board of directors
NBIM tells Brussels Europe’s shareholder voting chain is not working
Norway’s SWF manager laments ‘fragmented system that undermines effective shareholder voting’ and makes it harder to support companies
Valuations increasingly become ‘strategic tool’ in UK endgame planning
Analysis from the UK’s pensions regulator shows aggregate funding reached 124% as at 31 December 2025
Dutch transport fund lifts US equity allocation despite peer retreat
Vervoer increases US equities, defying peers while reviewing active strategies after prolonged underperformance
Global diversification rises as Swiss pension funds temper home bias
Swiss pension funds expand global equity exposure while maintaining stable domestic allocations despite concentration concerns and performance gap
NBIM’s Tangen warns lawmakers of SWF’s unprecedented big tech concentration
AI development going faster ‘than seen before’, says NBIM CEO, as finance minister points to ‘great risk’ of concentration
EU parliament outlines initial thinking on SFDR overhaul
Draft report shows broad support for the European Commission’s plan to turn SFDR into a labelling regime
German dental pension fund faces legal claims amid restructuring disputes
Damage claims emerge from hotel and asset manager investments, deepening scrutiny of VZB’s strategy
Bakkavor pension fund completes £160m buy-in with Rothesay
The transaction secures the pension benefits for all 2,216 pension fund members
Border to Coast tightens definition of engagement
At IPE’s recent Transition conference, Colin Baines said new definition requires a ‘point of difference’ with a company and an effort to ‘either change behaviour or secure new disclosures’
Inarcassa pulls €500m from US equities in portfolio rebalancing
Italian pension funds see Q1 volatility weigh down returns, with sub-funds for Cometa and Pegaso returning negatively
