Report
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October, 2018
UNISON calls for clarity on pension charges
Public sector trade union UNISON has called for pension trustees to put pressure on asset managers and regulators to reveal the hidden costs of pension funds. According to a new report from the Global Unions Committee on Workers’ Capital, employees are not being given information on pension fund charges, meaning that they do not know if they are getting ...
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October, 2018
Brunel puts £350 million towards long-lease property
Brunel Pension Partnership, the £30 billion asset pool of local authority pension funds mainly based in the south-west of England, has committed £340 million to property income funds, in order to provide secured income for the pool members. Brunel said it has created a secured income portfolio which will deliver UK inflation-linked income returns, ...
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October, 2018
NEST finds majority of savers want responsible investment
New research by the national low-cost defined contribution pension provider, the National Employment Savings Trust (NEST), has found that most savers want to see their pensions invested responsibly. According to research that NEST commissioned, so that it can better engage with and understand the new generation of savers auto-enrolled into workplace ...
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October, 2018
Low beta hedge fund strategies outperform in October turmoil
Low beta hedge fund strategies such as merger arbitrate, relative value arbitrage, long-short equity market neutral and CTAs outperformed in October, when equity markets fell. The finding on hedge fund performance came from asset manager Lyxor, which runs a managed account platform for hedge fund investing. Over October, equity markets sold off ...
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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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