In brief
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February, 2020
MSCI unveils climate risk tool
Posted by Nick Kempster in Report 0
US index provider MSCI has launched a research product enabling investors to assess the climate risk of equities and corporate bonds within their portfolios. The Climate Value-At-Risk (VaR) tool provides forward-looking and return-based valuation assessments to measure the potential impact of climate change on company valuations and help investors identify ...
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February, 2020
Pensions Bill revived in parliament
Posted by Nick Kempster in Report 0
The Pensions Bill was reintroduced to the House of Lords, which aims to crack down on pensions transfer scams and strengthen reporting of defined benefit investment strategies. The bill, which was delayed by the general election, required DB trustees to set out a formal funding and investment strategy in a chair’s statement to The Pensions Regulator ...
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February, 2020
RPI reform review delayed
Posted by Nick Kempster in Report 0
A joint consultation on proposed reforms to the retail price index (RPI) was launched on the 11th of March. The suggested alignment of RPI with the housing variant of the consumer price index (CPIH) would reduce RPI by around 1% and schemes with CPI-linked liabilities may see a reduction in their funding levels of 10% or more, according to analysis by ...
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February, 2020
Trustees concerned about Opperman ESG intervention
Posted by Nick Kempster in Report 0
More than one third of pensions professionals think the cost of regulation is too high and expressed concern over the pensions minister’s direct intervention on ESG issues, according to research from the Pensions Management Institute (PMI). The PMI’s latest Pulse Survey revealed that 34% of industry professionals were worried about the rising cost of ...
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February, 2020
DB schemes close to full-funding, though deficit challenges remain
Posted by Nick Kempster in Report 0
More than half of the UK defined benefit schemes remain in deficit, according to the latest Pension Protection Fund (PPF) purple book, although the overall funding level has improved. The aggregate funding level of schemes rose to 99% at 31 March, from 97% the same time the previous year and 57% of schemes were in deficit, with an aggregate deficit of ...
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February, 2020
Pools could aid ESG analysis, say industry experts
Posted by Nick Kempster in Report 0
Myriad challenges face local government pension schemes in balancing responsible investing with the need to generate sufficient investment returns, according to a white paper. Camradata’s report, Responsible Investing – the new normal, cited the lack of a standard ESG assessment process and the varied scoring systems used by ESG ratings agencies, which ...
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