Report
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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 ...
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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 ...
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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 ...
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June, 2019
Border to Coast hires managers for £4.5 billion global equity fund
Border to Coast Pensions Partnership has announced the appointment of four external managers for a global equity fund expected to reach over £4.5 billion when launched later this year. The four managers are Harris Associates, Investec Asset Management, Lindsell Train and Loomis Sayles & Company. Border to Coast looked at proposals from over 90 asset ...
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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, ...
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June, 2019
Pension scams group issues code of good practice
The Pension Scams Industry Group (PSIG), a voluntary body set up to help trustees, providers and administrators fight against pension scams, has issued version 2.1 of its code of good practice. PSIG chair, Margaret Snowdon, commented: “We’ve been making good progress in our fight against pension scams, with many millions of pounds saved from the ...
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June, 2019
Northern LGPS backs employee representation at Google parent
The Northern LGPS asset pool is backing a campaign to put worker representatives on the board of Alphabet, the parent company of Google. The campaign came after Northern LGPS launched its responsible investment policy at the start of 2019, which made worker rights a key priority at the companies it invests in. Northern LGPS chair, councillor, Gerald ...
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June, 2019
Unintended consequences of GDPR
One year after its introduction, the European Union’s General Data Protection Regulation (GDPR) has had unintended consequences according to a leading expert on asset management regulation. Regulation consulting firm Laven Partners said the GPDR has made it hard to track cyber criminals, due to restrictions on processing web domain registration details, ...
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June, 2019
Call for transition bonds to ease shift away from fossil fuels
AXA Investment Managers said the green bond market should include what it calls “transition” bonds, which would allow carbon-intensive companies to raise funds while moving away from fossil fuels. Green bonds are classed as fixed income investments where the capital invested is devoted to activities with a positive benefit when assessed on ESG ...
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June, 2019
Woodford halts withdrawals from £4 billion fund
Woodford Investment Management, the fund manager run by one of the UK’s best-known fund managers, Neil Woodford, has halted investor redemptions from its £3.7 billion equity income fund, following a request in May from Kent County Council to redeem £250 million from the fund and a string of negative press headlines. The freeze on withdrawals, which ...
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