News – Page 108
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NewsICI Pension Fund completes £900m buy-in with Legal & General
The transaction secures the benefits of over 7,000 retirees
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NewsShareholders give green light to Shell’s diluted climate plan
Its decarbonisation strategy secured 78.2% support at a vote, despite vocal opposition from some asset owners
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NewsPKBS drops ExxonMobil, Chevron, Glencore following oil and gas expansion deals
The pension fund has decided to implement an ESG index for investments in Swiss equities
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NewsDB scheme employers urged to review surplus framework ahead of valuations
Areas to be reviewed include escrow arrangements, contribution mechanisms and funding of future service contributions
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NewsNorwegian municipal pension funds beat dominant provider KLP in Q1
KLP acknowledges recent customer losses, but says is developing its offering in line with client feedback
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NewsSwiss associations, union start campaign for second pillar pensions referendum
Aa referendum date has been set for 22 September
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NewsInstitutions call for adoption of ISSB-based disclosure rules by 2025
Other asset owners calling for a speedy adoption of the standards include the UN Joint Staff Pension Fund, Now:Pensions, Allianz and North East Scotland Pension Fund
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NewsMerchant Navy Ratings Pension Fund selects Schroders as fiduciary manager
WTW previously acted as fiduciary manager for the pension fund since 2014
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News‘Most investors plan to allocate to companies with climate plans by 2026’
Investors are allocating more funds to general climate strategies, rather than those focused specifically on ‘transitioning’ companies, according to Robeco
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NewsUK DB schemes concerned over increasing volume of regulatory pressures
Russell Investments research shows that DB schemes’ concerns over regulation have more than doubled since autumn/winter 2022
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News‘Lifetime Provider Model’ still considered by UK government
Government is expected to issue responses to call for evidence in due course
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NewsAsset management association pushes for PE institutional vehicles
Increasing the number of private equity vehicles for pension funds seen as necessary step to channel members’ savings towards private assets, says Assogestioni
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NewsPensionskasse Post lays out first comprehensive sustainability strategy
All companies in the scheme’s listed equity and corporate bonds portfolios will have to make a commitment to net zero with credible interim targets and verified by 2040
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NewsCyber risks are top priority for regulatory change for UK pension professionals
Other three priorities for further regulatory change included DC small pot consolidation, dashboards and DB refunds of surplus
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NewsIIGCC urges next UK government to foster competitive economy
IIGCC is proposing five core policy solutions and warns the UK risks losing its status as climate leader
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NewsPensions industry questions application of German version of CSRD
CSRD reporting will lead to additional costs for pension institutions, says Dirk Jargstorff
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NewsESMA’s latest guidance expected to improve transparency, says Eurosif
The forum is urging the European Commission to adopt ESMA’s recommendations to modify the SFDR Regulatory Technical Standards published in December 2023
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NewsAviva, Scottish Widows and Mintago join Dashboard Operators Coalition
The three firms have applied to become QPDS operators
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NewsGeneration IM, LSEG and HSBC to advise UK on adoption of ISSB standards
The UK Sustainability Disclosure Technical Advisory Committee will help the Department for Business and Trade develop a ‘UK-endorsed’ version of the ISSB standards by Q1 2025
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NewsDemand for equities double but infrastructure mandates fall, report finds
Infrastructure mandates for institutional investors saw a 15% fall in the last year
