In brief
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June, 2019
Unison warns over LGPS opt-out proposals
Posted by Nick Kempster in Report 0
Unison, the public sector trade union, has warned that government plans to allow universities and colleges to opt out of the LGPS for new non-teaching staff could have harmful consequences. Unison national secretary, Jon Richards, said that proposals could damage cash flows at LGPS funds, affecting LGPS members as a whole. Currently, post-1992 ...
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June, 2019
PLSA seeks to raise workforce reporting standards
Posted by Nick Kempster in Report 0
The Pensions and Lifetime Savings Association (PLSA), the trade body for pension funds in the UK, has invited business leaders to meet with pension funds to discuss their reporting of employment models and working practices. The PLSA chief executive, Julian Mund, wrote a letter to the chairmen of the FTSE 100 companies, saying that pension funds managing ...
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June, 2019
New body to champion impact investing in the UK
Posted by Nick Kempster in Report 0
A new body, the Impact Investing Institute, aims to position the UK as a global champion of impact investing, or using investments to produce returns and also socially and environmentally positive results. The new body has a mission of encouraging ordinary savers to select pensions and savings products that will benefit issues that they care about. It ...
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June, 2019
New tools should improve cost transparency
Posted by Nick Kempster in Report 0
New standards that should enable pension funds to compare asset manager costs and charges have been launched by the Cost Transparency Initiative (CTI). The CTI has developed templates and guidance for asset managers so they can report costs in a standardised format. The tools cover a wide range of pension fund assets and are expected to be adopted by ...
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June, 2019
EMS claims £6.5 million exit credit from Northamptonshire
Posted by Nick Kempster in Report 0
The Northamptonshire County Council Pension Fund is being sued for £6.5 million by Enterprise Managed Services (EMS), which was dropped from a £7 million a year contract by Northampton Borough Council (NBC) and Daventry District Council (DDC) in 2018. EMS, now part of the Amey Group, claims it should get around £6.5 million as an exit credit from the ...
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June, 2019
Trump’s Mexico tariffs could bring rate cut
Posted by Nick Kempster in Report 0
President Trump’s latest tariffs on Mexico may get him the interest rate cut from the Federal Reserve that he wants, according to asset manager Schroders. Following Trump tweeting that he wanted to put tariff’s on Mexico, the bond market has now priced in nearly three rate cuts of a quarter point each this year from the Fed. Schroders chief economist, ...
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