Report
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February, 2019
Latest mortality statistics could reduce pension liabilities by £20 billion
The latest UK life expectancy statistics, gathered by the Continous Mortality Investigation (CMI) could reduce pension fund liabilities for UK companies by £20 billion. According to actuaries and consultants Willis Towers Watson, the rate of increase in life expectancy is now slowing down, compared to previous expectations. Willis Towers Watson longevity ...
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February, 2019
The negative consequences of 10 years of quantitative easing
The Bank of England introduced quantitative easing (QE) as an emerging measure to stave off deflation and economic collapse 10 years. But its use has now become widespread and has led to a range of negative consequences, according to former pensions minister and pensions and investment adviser, Baroness Ros Altmann. Altmann said that after lowering ...
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February, 2019
Brunel PP launches search for global high alpha equities managers
Brunel Pension Partnership, one of the eight LGPS asset pools which is bringing together around £30 billion from 10 funds, has announced the active stage of its search for global high alpha equities managers. Brunel said that so far, over 110 managers have registered interest in the mandate, which will see £2.2 billion in assets awarded to the ...
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February, 2019
PLSA chair sets out vision for trust in pensions
Richard Butcher, chair of the Pensions and Lifetime Savings Association (PLSA) has used his introductory speech at the recent PLSA Investment Conference to highlight the importance of growing trust within the pensions sector. Butcher told delegates at the conference in Edinburgh that political and economic uncertainty has created an opportunity for the ...
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February, 2019
Tech assets drive private equity returns
Private equity massively outperformed listed equities in the 12 months to 30 June 2018, by 20.4% to 6.9%, according investment firm Cambridge Associates. The 20.4% private equity returns is from the Cambridge Associates Global ex-US Developed Markets Private Equity Index, while the equity return is from the MSCI index for large and mid-cap securities in ...
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February, 2019
Capital expenditure key to global growth
The level of capital expenditure (capex), or corporate investment, needs to increase, or the global economy will enter a persistent slowdown, according to asset management firm NN Investment Partners. According to the fund manager, capex was booming in developed markets a year ago, but it has since slowed, leading to fears that developed markets could ...
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February, 2019
LGPS Central selects equity and fixed income managers
LGPS Central, the asset manager pool for nine Midlands-based local authority pension funds with a total of £44 billion in assets, has announced its latest manager selections, with five managers appointed for equity mandates and two fixed income managers. The five equity managers have been appointed to global sustainable equity mandates, where ...
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February, 2019
Older people will go online, research finds
A survey by pensions administration specialist Trafalgar House has found that older pension fund members are prepared to go online for communications related to their pensions. Trafalgar House director, Daniel Taylor, commented: “Investment decisions for the pensions industry are being hampered by incorrect assumptions about member enthusiasm for ...
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December, 2018
Call for LGPS members to review risk management
Consulting firm Aon has highlighted the importance of risk management at the administering authorities in the UK responsible for managed LGPS funds. Aon has worked with the Chartered Institute of Public Finance and Accountancy (CPIFA) to update its guide on managing risk in a local government pension scheme. Aon partner and head of public sector actuarial, ...
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December, 2018
Strathclyde looks for real estate debt manager
The £21.5 billion Strathclyde Pension Fund is planning to appoint an asset manager for a real estate debt mandate. The fund said it will consider a segregated solution, or pooled funds, for a mandate with a focus on senior secured direct and whole loans, lending against commercial real estate assets in the UK and Europe. It said that the debt portfolio ...
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