Pension Fund Strategy – Page 97
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NewsUN Climate Summit: Asset owners commit to carbon neutral portfolios by 2050
Members of ‘Net Zero Asset Owner Alliance’ will set and publicly report on targets for the same points in time as countries do under the Paris Agreement
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Responsible investment policies ‘could boost contributions by £1.2bn’
Franklin Templeton recommends schemes align with member values via better integration of responsible investment into DC strategies
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NewsSwiss pension funds’ alternatives allocation hits double digits [updated]
Complementa study also finds that pension funds will have to cut benefits to close the gap between required returns and forecast returns
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‘Huge’ variations in outcomes between default DC funds: report
Employers have been urged to monitor the performance of their pension plans more closely given big differences between fund outcomes
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NewsItalian pension fund Solidarietà Veneto to add infrastructure, real estate
Fund for companies in the Veneto region said it was ready to make the move based on its experience so far in private markets
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€3bn Dutch pharmacy staff scheme reduces risk profile
PMA reduces equities allocation from 50% to 40% in favour of fixed income, lifts interest rate hedging to 40%
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Cadbury Mondelēz takes a bite out of liabilities with £520m buy-in
Deal with Rothesay Life is pension scheme’s second buy-in in 10 years as insurers process busy pipeline of de-risking transactions
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NewsHSBC pension scheme strikes £7bn longevity risk transfer
Deal with Prudential Financial is the second-largest longevity swap completed by a UK pension plan after the BT Pension Scheme’s £16bn deal in 2014
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UK universities back fresh funding proposal for USS
Employers backing the UK’s largest pension scheme agree to measures supporting lower contribution rates, including a moratorium on exits
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ASR grows consolidation vehicle with €1.2bn pension client
The insurer’s general pension fund’s assets are set to grow to €3.5bn, while its membership will hit 7,000
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Dutch scheme Owase to join ASR’s consolidation vehicle
€900m manufacturer’s scheme will boost Het Nederlandse Pensioenfonds’ assets to €2.4bn, making it the second-largest APF in the Netherlands
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UK government consults on merger of two local authority pension funds
Merger of £492m closed transport authority fund into £15.7bn West Midlands Pension Fund intended to address solvency risks
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News€75bn Australian pension mega-merger kicks off consolidation drive
First State Super and VicSuper deal will create Australia’s second biggest superannuation fund, and three more multi-billion-dollar deals are in the pipeline
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€21bn pension merger back on track as transport sector schemes agree terms
Industry-wide pension schemes for railways and public transport agree to join forces after 2016 discussions collapsed
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NewsFrance’s ERAFP keeps its eye on portfolio diversification
The €30bn pension fund is seeking to shift investments towards equities, private equity, real estate and infrastructure
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NEST anticipates hitting £10bn by end-March 2020
The authorised master trust is growing rapidly, with assets under management doubling to reach £5.7bn at the end of March
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NewsFTSE 350 discount rates more bunched around average – report
Hymans Robertson suggests greater bunching an effect of tougher oversight, higher yields
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EIOPA opinion on ESG misrepresents IORP II, says PensionsEurope [updated]
‘Incorrect to indicate that pension funds are required to take ESG factors into consideration as part of investment policy’
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Largest Dutch pension schemes commit to national climate agreement
Joining accord said to mean ‘broadening of current emission reduction goals’
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Co-op scheme adopts ESG fund for DC default
Scheme will switch £290m to the multi-asset fund in Legal & General Investment Management’s Future World fund range
