Report
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October, 2021
LGPS funds deliver proof that pooling actually works
Investment pooling in the UK can drive still more value for the Local Government Pension Scheme (LGPS) in the future, according to new research. It also shows that the benefits of scale in international markets have been demonstrated as “meaningful” and “realisable”, improving performance after fees, delivering better control over investments, and ...
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October, 2021
Border to Coast seeks real estate manager and consultant
Border to Coast Pensions Partnership is searching for a UK investment manager and a global fund consultant as part of the move towards launching its real estate proposition on behalf of its 11 partner funds. The UK fund will be one of the largest FCA-regulated pooled real estate funds in the UK, with a potential target size of £3.5 billion. The global ...
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October, 2021
ESG product gold rush brings dangers of mis-selling scandals, says Capco
Environmental, social and governance (ESG) investments now dominate the European asset management market. More than half the money that flowed into European funds in 2020 – a total of €1.4 trillion – was placed in sustainable products. A recent survey by Capco found that 63% of 550 global financial service professionals considered their products to ...
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October, 2021
UK public sector pension schemes urged to adopt new TPR code
Aon is urging UK public sector pension schemes to adopt the measures outlined by the Pensions Regulator’s (TPR) new code of practice. The code covers key areas every public service pension scheme should have high on its agenda, as the code will replace the existing guidance. The code places particular emphasis on the importance of cyber risk management ...
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October, 2021
WMPF issues climate change position statement
The West Midlands Pension Fund (WMPF) issued a climate change position statement in September, ahead of October’s COP26 conference in Glasgow, hosted by the UK government. It outlines WMPF’s approach to climate change, how it identifies risks associated with it and how it intends to mitigate the impact on its investments. WMPF aims to invest in ...
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October, 2021
Oldham Council calls on GMPF to go green
The Greater Manchester Pension Fund (GMPF) is being urged to divest from fossil fuels, following a resolution passed by Oldham Council in late July. A motion demanding GMPF divest of all fossil fuels was proposed by Councillor Sam Al-Hamdani (Lib Dems) and seconded by Councillor Louie Hamblett (Lib Dems) at a full meeting of the council on 14 July. The ...
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October, 2021
Birmingham partners with Lendlease to rejuvenate the city
Lendlease, a leading international property and infrastructure group with operations in Australia, Asia, Europe and the Americas, has entered into a £1.9 billion joint venture scheme with Birmingham City Council. The Smithfield Birmingham development could create more than 8,000 new jobs and more than 3,000 new homes for the city, and create ...
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October, 2021
LCIV completes double fund closure
LCIV has announced the closure of two funds in as many months over the summer. The London Fund, designed to provide investment in the capital’s housing and infrastructure, successfully completed a second close, securing an additional £45 million investment from the London Borough of Haringey Pension Fund. The latest investment takes the total ...
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October, 2021
Plan for net zero or suffer huge depreciation, says report
Commercial property without plans to slash carbon emissions will soon plummet in value, warns a report on net-zero initiatives for UK commercial property market valuations. The joint report, produced by new real estate stock exchange IPSX and sustainability data and consulting firm Carbon Intelligence, factor in UK government commitments to a 78% reduction ...
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October, 2021
Infrastructure investing goes from strength to surge
Infrastructure investment is surging, having shown its resilience during the pandemic. It is also seen as a possible substitute for some fixed income allocations at a time when the negative yielding debt exceeded $16.5 trillion at the beginning of August. Many strategies within infrastructure are also focused on sustainable investment strategies through ...
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