Pension Fund Strategy – Page 30
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NewsSAUL is first UK scheme to adopt pass-through voting across DC, DB plans
The move strengthens the £3bn University of London’s stewardship powers which is particularly focused on voting for resolutions at the Climate Action 100+ companies
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NewsNEST picks Northern Trust for admin, custody
Northern Trust will provide key services for NEST’s investment strategy, including custody, asset allocation and rebalancing, and performance measurement
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NewsPGB to focus sustainable investments on biodiversity, food systems
70% of members of the €37bn Dutch multi-sector fund support a focus on sustainability, according to a recent survey
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NewsAP7 starts distributing surpluses to savers to keep fees stable
Swedish default fund for premium pension finds solution to excess-money quandary as asset management surpluses grow
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NewsFondo Espero to review investment strategy to set up new sub-fund, life cycle option
Strategic realignment comes after introduction of silent-consent rule to tacitly join the scheme
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NewsSwiss schemes turn to corporate bonds as currency hedging costs rise
Currency hedging costs in the bond markets US and EU government bonds less attractive for the pension funds, says Complementa
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NewsSiemens Investor Plan appoints Standard Life as master trust provider
Over 30,000 Siemens members move to Standard Life master trust
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NewsPKBS cuts insurance-linked securities for fixed income, domestic property
teh scheme’s ILS active portfolio posted returns of -4.98% last year
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NewsGermany’s BVK redefines macro allocations in new investment strategy
As part of its its strategic asset allocation, the fund plans to invest in timber looking at ‘evergreen structures’
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NewsCBI, CSSF finalise yield buffer rules for sterling LDI funds
Measures complement guidance issued by UK regulators in wake of UK LDI crisis
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Opinion PiecesUS public pension funds focus on labour practices in private equity
Private equity has become dependent on public pension funds, which represent almost one-third of all investors in the asset class. These schemes invested 13% of their assets – over $620bn (€580bn) in 2022 – up from 3.5% in 2001 and 8.3% in 2011, according to data from public pension research non-profit Equable Institute.
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Country ReportProgress report on the UK’s Mansion House capital market reforms
Details of potential changes to the UK’s pension landscape have been thin on the ground
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Book ReviewThe importance of board decisions in an uncertain world
In the foreword to this new book, the CIO of CERN Pension Fund, Dr Elena Manola-Bonthond, says that, in her experience, investment alpha is scarce and very often difficult to access. It can be costly and its persistence is sometimes questionable. But there are other types of alpha that are more accessible and governance alpha is definitely one of them.
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InterviewsMerseyside pension fund dials down domestic bias
Scheme’s strategic ambition is to move closer to the MSCI World index weightings
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Opinion PiecesStriking the right balance on pension funds and fiduciary duty
Pension fund investment principles, strategies and decision-making have all become more complex in the wake of the growth of sustainability factors in general and climate change in particular. This has made the interpretation and practice of trustee ‘fiduciary duties’ more vexed and challenging than ever. A recent review of fiduciary duties in the UK by the Financial Markets Law Committee (FMLC) put it this way: “It is sometimes easier to state the duties than it is to apply them.”
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Country ReportMercer’s upbeat vision for UK pension funds and their investment advisers
James Lewis, UK CIO at Mercer, is optimistic about the future of the UK’s DB and DC industries
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NewsABP to reduce investments in emerging markets
The fund believes it no longer pays to be overweight the region given the expected returns for emerging market assets
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NewsSmall DB schemes unlikely to run on beyond buyout funding level due to costs
Hymans Robertson finds that the cost of running a small DB scheme is four times the cost of running a large scheme
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NewsAP4 resets long-term scenarios amid US trade worries
Swedish pensions buffer fund CEO sees political environment remaining problematic for years
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NewsFondo Gomma Plastica to create equity mandate investing in Italy
The scheme is working on the equity mandate with other pension funds joining as part of a consortium
