Report
-
August, 2019
Fully funded UK schemes face new challenges
Investment consultant Aon has produced polling results from its Annual Pension Conference, held last Spring, that show that defined benefit pension schemes are beginning to grapple with the challenge of being fully funded or being on track to be fully funded. With around 30% of schemes in a fully funded position on a technical provisions basis, and more ...
Read More -
August, 2019
Border to Coast launches private market offerings
Border to Coast Pensions Partnership has launched its first offerings for private equity and infrastructure with more than £1 billion of commitments from partner funds. These are the first offerings in Border to Coast’s private markets programme, which is expected to grow to £10 billion over the long term. Border to Coast launched its private equity ...
Read More -
August, 2019
Support for outcomes-based approach
Local Government Pension Scheme (LGPS) funds should start preparing now for the introduction of an “outcomes-based” approach to improve fund governance standards, according to investment consultant Hymans Robertson. The proposal, which has been adopted by the LGPS Scheme Advisory Board (SAB), reflects the responses to the firm’s recent industry-wide ...
Read More -
August, 2019
Liontrust to buy rival Neptune
Specialist investment company Liontrust Asset Management is to acquire Neptune Investment Management, subject to regulatory approval. This will increase Liontrust’s assets under management by £2.8 billion to £17 billion. The announcement followed a release by the London Stock Exchange on 29 July 2019. All of the Neptune’s investment team, headed ...
Read More -
June, 2019
Unison warns over LGPS opt-out proposals
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 ...
Read More -
June, 2019
PLSA seeks to raise workforce reporting standards
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 ...
Read More -
June, 2019
New body to champion impact investing in the UK
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 ...
Read More -
June, 2019
New tools should improve cost transparency
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 ...
Read More -
June, 2019
EMS claims £6.5 million exit credit from Northamptonshire
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 ...
Read More -
June, 2019
Trump’s Mexico tariffs could bring rate cut
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, ...
Read More
