Report
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February, 2020
Real estate industry agrees global standard on fees
The four major global real estate associations have agreed on a standardised approach for measuring the total fees and costs of real estate investment vehicles within different regions. The Total Global Expense Ratio (TGER), which has been developed by the European Association for Investors in Non-Listed Real Estate Vehicles, National Council of Real ...
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February, 2020
Regulator plans code refresh
The Pensions Regulator has unveiled plans to contact a large number of schemes to test trustee knowledge and understanding, once it has updated its code of practice. In a consultation response published in February, the regulator said it would consider taking “appropriate action” against those schemes that failed knowledge tests. It said it would ...
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February, 2020
Border to Coast signs up to UN-backed ESG goals
Border to Coast Pensions Partnership has thrown its weight behind the United Nations-supported Principles for Responsible Investment (PRI) as part of broader efforts to integrate ESG considerations into its investment approach. The £45 billion pool, which represents almost one million members, joined the global network of asset managers, owners and ...
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February, 2020
Government calls for Scottish LGPS data reform
Inconsistencies and a lack of availability in the data published has hindered meaningful comparisons between individual Scottish local government schemes’ performance, according to a government report. The Government’s Actuary Department has recommended that the 15 Scottish local authority schemes develop a basis for standardised calculations of fund ...
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December, 2019
Border to Coast launches alpha fund
Border to Coast Pensions Partnership, one of the largest UK public sector pension pools with assets worth £45 billion, has launched its global equity alpha fund, with assets of £5 billion. This brings Border to Coast’s assets under management to approximately £15 billion, excluding commitments to private markets of £1.8 billion that are currently ...
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December, 2019
Brunel picks high alpha equity managers
Brunel Pension Partnership has awarded mandates to five managers for its global high alpha sub-fund. “We regard global high alpha equities as one of our pivotal products. Brunel’s listed markets team has designed a world-class portfolio and selected the ideal balance of management styles to accomplish it,” said Matt Betts, senior investment officer ...
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December, 2019
FTSE350 DB schemes see largest fall in contributions
Actual spending by FTSE350 firms on defined benefit (DB) pensions has fallen from £19 billion to £15 billion, according to analysis in Hymans Robertson’s 2019 FTSE 350 DB Pensions Report. This is the largest year-on-year fall in the last 10 years. In a year that has seen the Pensions Regulator (TPR) continue a tougher approach and offer a clearer ...
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December, 2019
LGPS Central seeks managers for £900 million emerging market mandate
LGPS Central is seeking to hire active global emerging market bond managers to manage its £900 million Global Active Emerging Market Bond Fund. Although subject to slight variations as the process progresses, as a general guideline the fund’s mandate is expected to be benchmarked against the J.P. Morgan EMBI Global Diversified Index GBP Hedged. The ...
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December, 2019
London pension groups to launch local impact fund
Three major London pensions organisations, with combined assets under management of nearly £57 billion, are working together to create a London-focused investment fund. The fund aims to focus on developing housing and infrastructure, both of which will improve the quality of life for London communities. The London Fund’s portfolio will focus on ...
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December, 2019
Welsh pool launches responsible investment policy
The Wales Pension Partnership (WPP), the pooling entity for the eight Welsh Local Government Pension Scheme (LGPS) funds, has announced a new responsible investment (RI) policy, highlighting its commitment to responsible investment and desire to be a leader in this area. The new overarching policy was developed collaboratively by the WPP and its eight ...
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