News – Page 449
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Chart of the Week: Which country’s pension funds invest the most domestically?
Mercer’s European Asset Allocation report reveals the countries whose pension funds have the largest allocations to domestic equity, corporate bonds, and government bonds
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CEO of £30bn Brunel Pension Partnership resigns
Dawn Turner was instrumental in setting up the Bristol-based asset pooling company for 10 public pension funds in the local government pension scheme
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Asset managers urged to ‘talk openly’ in support of LGBT+ staff
Follow-up report published a few days before Pride in London parade, in which investment industry employers will for the first time march together under an Investment Association banner
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PPF assets grow to £32bn but surplus hit by Kodak claim
A 5.2% investment return for 2018-19 helped boost assets but the lifeboat fund’s biggest claim dented its surplus
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Cambridge University endowment gains 8.8%; Oxford ‘flat’ for 2018
Multi-billion pound endowment funds report mixed results for private assets and listed equities
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NewsSwitzerland edges closer to cutting conversion rate
Swiss employer representatives and unions have agreed on a reform package including changes to second-pillar pension law BVG/LPP
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People moves: PPF creates head of restructuring role
PPF, Shell, Länsförsäkringar, Church of England, AMX, Pictet, Hermes, EB-SIM, Metzler, Faros Consulting, Capital Cranfield, PGIM, OEE
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Smiths Group secures £176m buy-in with Canada Life
FTSE 100-listed engineering firm strikes pension risk transfer deal bringing total bulk annuity value across all schemes to £1.6bn
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ATP, PKA invest in European Investment Bank’s DKK3bn climate bond
First Danish kroner bond issued by an sovereign, supranational or agency was praised for fostering transparency
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NewsAviva launches ethical and ESG workplace pension default strategy
Lifestyle strategy is based on Aviva ‘Stewardship’ funds in operation since 1980s that apply exclusions and engagement
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Aberdeen Standard and Barings expand China operations
Two asset management giants have registered ‘wholly foreign-owned enterprises’ to offer asset management services to Chinese investors
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Dutch schemes fail to improve funding ratios in June
Cuts to benefits are becoming increasingly likely to be imposed from January as conditions have not helped improve funding levels
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Chemical company scheme secures €820m insurance deal with NN Group
Chemours has transferred roughly 3,000 deferred members to insurer Nationale-Nederlanden, while active members will be moved to an APF
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NewsSwiss pension fund looks to allocate more than €3bn to EMD, high yield
An unnamed Swiss investor has launched six manager searches for active and passive fixed income allocations
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NewsStrathclyde pension fund gains 5.9%, Lothian rejigs allocation categories
Two largest Scottish local authority pension funds report on performance in the year to the end of March
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UK regulator toughens stance on poorly performing pension schemes
The UK’s Pensions Regulator (TPR) is seeking to accelerate pension scheme consolidation to raise governance standards. In a consultation paper launched today, TPR said it wanted to ensure all pension savers were in schemes with “excellent standards of governance that deliver good value” – which would mean “fewer but ...
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NewsUK to explore mandatory climate reporting for pension funds, companies
Government green finance strategy welcomed, but investors emphasise it must only be seen as a first step
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Half of FTSE 100 companies could buy out DB funds in 10 years: report
Diverting an additional 6% of profits would let 70% of FTSE 100 schemes buy out within a decade, says Barnett Waddingham
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UK pension fund figures sign climate impact pledge
Signatories pledge to push asset managers to engage with investee companies about their impact on climate and plans to transition to a low-carbon future
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EC sustainable finance approach ‘could expose EU to legal risk’
Think tank argues that a confused understanding of sustainable investment ‘spoils’ the Commission’s package of measures to engage finance in the fight against climate change
