News – Page 71
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NewsBritish Business Bank completes £250m LIFTS investment with Schroders Capital
The fund aims to catalyse more than £1bn of funding, including from UK pension funds
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NewsHapag-Lloyd, Evonik switch to defined contribution plans
Existing occupational pension contracts for senior people and captains of Hapag-Lloyd will remain in place, despite the DC switch
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NewsUK government proposes pension reforms to unlock £80bn of investment
Government proposes merging LGPS assets and consolidating DC schemes into super funds
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NewsEU to use de-risking tools to encourage investors to finance green industrial deal
Commissioner-designate Stéphane Séjourné says ‘winning the investment battle is all about making sure public investment drives the real economy’
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NewsLocal Pensions Partnership Investments hits £200m cost savings
CEO Chris Rule says greater pooling of funds could help deliver scale and better cost savings
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NewsG4S Pension Scheme completes £1.8bn buy-in deal with Just Group
The scheme’s funding level had improved in recent years, enabling the trustee and company to accelerate de-risking plans
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NewsAMF finds banks increasingly luring its pension clients with mortgage discounts
Swedish blue-collar pension fund says occupational pension seen more and more as ‘commodity to be exchanged for temporary discounts’
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NewsReport analyses 1000+ private-sector climate policies
Helena Viñes Fiestas, co-chair of the Taskforce on Net Zero Policy, says ‘the voice of long-term asset owners isn’t being properly heard’
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NewsPeople moves: DWS Group combines three units under new global CIO
Plus: Ortec Finance expands board; Swedish Fund Selection Agency adds to strategy and business development team
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NewsInstitutional investors back EU deforestation regulation
The group is calling on the European Parliament to reject the European Commission’s proposal for a 1-year delay
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NewsSwiss pension funds call for review of ESG reporting standards
Swiss schemes have faced challenges with data collection, processing and consolidation when reporting for the first time
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NewsMedian investment fees for fiduciary management fall by over 50%
A significant driver in this fall has been price competition between fiduciary managers as they have sought more cost-effective ways to implement investment strategies
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NewsGerman SMEs sceptical of DC plans without guarantees
The majority of SMEs is in favour of guaranteed benefits that are primarily intended to support low earners, part-time workers or young professionals
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NewsISSB reports progress in global sustainability reporting
More than 1,000 companies worldwide have reported on their sustainability impact using the ISSB norms
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NewsUK regulator opts for ‘sustainable value’ in draft new stewardship definition
FRC drops explicit ‘environment and society’ references in draft new definition for UK Stewardship Code
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NewsGerman liberal party axes first pillar pension reform package
Labour minister Hubertus Heil says his party SPD ‘will fight’ to find a majority in Parliament to approve the reform package before elections on 23 February 2025
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NewsGovernments and investors call for some coal projects to be labelled ‘transition finance’
The Coal Transition Commission has published recommendations to accelerate the shift from coal to clean energy in line with the goals of Paris Agreement
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NewsItalian pension funds look to expand voting, engagement next year
Assofondipensione’s goal is to also be able to vote in companies in the US and Canada
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NewsISSB research maps diversity in BEES, human capital reporting
This diversity could open the door to ISSB consolidating this landscape through its policy of setting a global baseline in sustainability disclosures
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NewsIceland’s pension funds reject idea of subjecting them to bank rules
Central bank says given expected growth of pension funds, they should have rich opportunities for investing in diverse assets at home and abroad
