Report
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October, 2018
GAD report shows LGPS in strong position
The Government Actuary’s Department (GAD) review of actuarial valuations for the Local Government Pension Scheme, England and Wales, as at 31 March 2018, found that the LGPS is in a strong financial position. In a report issued at the end of September, the GAD said funds have made significant progress since 2013. The total assets of the LGPS grew from ...
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October, 2018
Climate risk case launched over new Polish coal plant
ClientEarth, a charitable organisation of lawyers, said it will launch the world’s first legal challenge over the climate-related financial risks of a new Polish coal plant. Polish energy company Enea is to build the €1.2 billion Ostroleka C coal power plant, but ClientEarth, a shareholder in Enea, said that the new plant poses an indefensible ...
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October, 2018
China faces headwinds as growth dips
China’s latest growth figure of 6.5% is an unsurprising result of headwinds from tightening credit, US trade war and renminbi depreciation. Commenting on the Chinese economy, Danny Dolan, managing director of China Post Global, commented: “6.5% instead of 6.6% is still an enviable figure for any other major economy. Reduced growth in consumption ...
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August, 2018
Redington narrows its gender pay gap in 12 months
Financial service and consulting firm Redington said it has almost entirely closed its gender pay gap within one year. Redington said the gap has gone from 21.6% to 0.2%, compared to an industry average of 26.2% after it undertook a series of measures to reduce the pay gap between men and women at the firm. It launched a return to work programme, with the ...
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August, 2018
Border to Coast appoints first CIO
Border to Coast Pensions Partnership has announced the appointment of Daniel Booth as its first permanent Chief Investments Officer. An investment professional with twenty years’ capital markets experience across both traditional and alternative investment asset classes, Booth joins from an 8-year tenure at Saudi Aramco, where he was Head of Portfolio ...
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August, 2018
Finding value in private debt
According to new research, it has become harder for institutional investors to find compelling opportunities in private debt, because there is too much concentration in mid-market corporate lending. A report by Willis Towers Watson, Finding value in private debt, found that assets allocated to credit strategies have more than tripled between 2007 and ...
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August, 2018
Brunel marks first anniversary with £6 billion under management
Brunel Pension Partnership, the asset pool for 10 LGPS funds mostly from the South West, has marked its first anniversary since its launch by celebrating bringing £6 billion in assets under management. In total, the pool will manage £30 billion in assets for its underlying pension funds, which it will allocate to managers with expertise in around 24 ...
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August, 2018
GMPF reports above-benchmark return for 2017/18
Greater Manchester Pension Fund (GMPF) has reported a 4.2% investment gain for 2017/18 in its latest financial report, ahead of its customised benchmark return of 3.3%. The £22.5 billion fund, part of the £46 billion Northern LGPS pool along with the Merseyside and West Yorkshire funds, said it has consistently delivered annual returns 0.6% higher than ...
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August, 2018
Border to Coast goes live with £7 billion in assets under management
The Border to Coast Pensions Partnership, one of the largest LGPS asset pools, has launched its first investment vehicles, following the transfer of £7 billion in assets from three of its partner funds. Teesside, East Riding and South Yorkshire Pensions Authority have transferred internally-managed equity assets into two sub-funds of the Border to Coast ...
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August, 2018
Frontier market debt offers idiosyncratic opportunities to investors
Frontier market debt (FMD) could give positive short-term returns, with the potential for strong idiosyncratic investment opportunities in some African countries. A third of frontier markets are expected to see economic growth rates above 5% in the next three years, with additional support from the IMF for structural reforms and financial inflows in ...
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