Report
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October, 2022
Date set for LGPS climate risk reports
The first Local Government Pension Scheme climate risk reports will be completed by December 2024, according to new government consultations, reports Pensions Expert. Administering authorities will use the reports to set out their strategies and metrics for managing climate related risks and opportunities. All LGPS authorities in England and Wales ...
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October, 2022
Benefits of pooling apparent in LGPS Central report
LGPS Central’s eight partner funds continue to positively pool assets, with £28.5 billion of assets now under stewardship, according to the pool’s annual report. Pooling has now achieved cumulative net investment cost savings on launched products amounting to £42.8 million as at 31 March 2022. Annual net investment cost savings for ...
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October, 2022
Glowing report for B2C’s pooling efforts
Border to Coast Pensions Partnership’s 11 partner funds have now pooled almost 80% (£47 billion) of their £60 billion of assets by the end of March 2022, according to its latest annual report. Border to Coast manages £38.3 billion of the total pooled assets, an increase of £13.6 billion in the past year, and provides advice and ...
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October, 2022
Waltham Forest claims gold for fossil fuel divestment
Waltham Forest has become the first UK council to fully divest its directly managed funds from fossil fuel investments. Councillor Clyde Loakes, deputy leader and cabinet member for air quality and climate, said: “Often when people talk about tackling the climate emergency, they are discussing the tangible actions that we can all see. Of course, ...
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October, 2022
Don’t be shy when it comes to talking about diversity
Dialogue is essential if funds and pools are to make a positive change in terms of inclusion and diversity within investment management, senior members of the LGPS Central executive team told a recent conference audience. Data from the pool shows that LGPS Central’s 70-strong workforce has a 60/40 split of the sexes, that 43% is BAME (Black, Asian and ...
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October, 2022
London CIV publishes 2022 TCFD Report
London CIV has published its Task Force on Climate-related Financial Disclosures (TCFD) report. LCIV’s responsible investment manager, Gustave Loriot said: “This year, we’ve made great leaps towards our responsible investment milestones, particularly on climate." “Most notably in October 2021 when London CIV committed to net zero GHG ...
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October, 2022
Environment Agency share its ambitions and successes with members
Last year, the Environment Agency Pension Fund announced it had set a target of achieving net zero by 2045 as part of efforts to significantly reduce emissions from the companies in its investment portfolio, while continuing to invest in green solutions. It has now published its achievements and key ambitions in a report titled How we invest ...
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October, 2022
LGPS funding levels improved by up to 12%, says research
LGPS funds should see positive improvements in funding levels after they complete their 2022 valuation, according to consultant Hymans Robertson. Hymans has published analysis outlining the common trends emerging from the valuation process, within the context of current economic challenges in relation to inflation. “The 2022 LGPS valuations take ...
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October, 2022
Border to Coast makes a difference as responsible investor, says report
Border to Coast Pensions Partnership continues to make progress as an active steward of LGPS assets in 2021/22, according to the annual Responsible Investment and Stewardship Report. Now responsible for more than £38 billion, Border to Coast voted on 12,206 resolutions at investee companies, and held 1,672 engagements with companies. Key votes ...
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October, 2022
Retirement is “core sustainability issue for society”, says report
A new report suggests that 2022 may prove to be the most challenging year in recent history in which to retire, as market environment impacts pension savings. The Natixis Investment Managers’ Global Retirement Index 2022 shows the UK has dropped by one place in the index, to 19th, with an overall score of 69%, down from 72% in last year’s ...
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