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PwC finds limited ManCo compliance with SFDR PAI rules
Also, 39.1% of surveyed firms said they did not consider ‘principal adverse impacts’ of their investment decisions
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USS settlement with Petrobras and PWC Brazilian subsidiary
In February 2018, the Universities Superannuation Scheme (USS) reached a settlement with PWC’s Brazilian subsidiary as part of a class action lawsuit against Petrobras.
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UK roundup: New Airways pension fund reappoints PwC as trustee
Plus: AEAT pension case highlights gaps in members’ complaints route; Cambridge University scheme picks Redington for advice
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PwC Luxembourg launches European ESG dashboard
Research reveals that 66% of European institutional investors plan to stop investing in non-ESG funds
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UK pension funds hit record £250bn surplus, research from PwC reveals
The increase was mainly driven by the continuing rise in long-term bond yields
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UK DB schemes’ surplus should lead to more efficient investing, says PwC
Pension scheme investment in Gilts has more than doubled, from 23% to 50% of their assets, the firm found
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Trustees are lowest paid in pension scheme management: PwC survey
The average pay of a trustee who is not a board chair, but is likely to have additional responsibilities such as chairing a sub-committee, is £30,000 a year
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PwC: Dutch schemes invest largest stake abroad
Foreign holdings of Dutch pension funds increased by six percentage points
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International Corporate Governance Network hires new CEO
Move follows CEO Kerrie Waring’s decision to step down after 10 years leading the organisation
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PwC: Dutch pensions reform unlikely to cause costs explosion
Pensions providers found it difficult to come up with an estimation of costs after the transition to a new pensions system
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Guilbert UK Retirement Benefits Plan completes bulk annuity transaction
The transaction sees Aviva insure the benefits of around 1,500 scheme members
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Aviva launches streamlined bulk purchase annuity service for smaller schemes
The service supports market access for schemes with assets below £100m
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US GAAP stumbling block for Dutch DC switch
Several pension funds told regulator DNB the matter prevents them from making the transition to DC
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PwC: Asset management costs to drop 20% by 2025
Asset managers must embrace new technology to cushion decreasing income, says consultancy group
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DC negotiations at Dutch company schemes in deadlock
At many company pension funds, employers and trade unions are at loggerheads over the choice for either the solidarity or flexible DC arrangement
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German investors wary of defence sector on ESG grounds
The war in Ukraine has triggered a rethink to the general reluctance regarding defence-related investments, says Triton managing director
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Danes’ life expectancy falls for second year, ATP says COVID a factor
Pensions giant says 2022 was first time in almost 30 years that Danish expected lifespans had shrunk for two years in a row
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Clara’s first superfund transaction marks ‘significant milestone’ for UK pension industry
LCP estimates there could be £5bn or more further superfund transactions in the next few years
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Investment decisions should not be deferred to members, says conference panel
While some savers believe they are ‘competent enough’ to make investment decisions, they still want someone else to take care of their money, says AP7’s Gröttheim
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UK roundup: PwC, IFoA, nuclear sector pensions
PwC says trustees of UK DB schemes may be being ‘over-prudent’ by prefunding longer term liabilities