Report
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October, 2019
Hymans says pensions values expected to rise post Brexit
Economic uncertainty around Brexit is likely to lead to pensions values rising to a higher level than property assets in the UK, according to analysis by pensions consultancy Hymans Robertson. Ross Fleming, co-head of defined benefit (DB) investments at Hymans, said: “Figures from the Office for National Statistics show that UK property prices are on the ...
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October, 2019
LGPS Central selects partner for cost transparency
LGPS Central has partnered with KAS Bank (now CACEIS), the specialist provider of securities services to UK institutional pension schemes, for cost transparency collection and reporting. The pooled fund will be leveraging KAS Bank’s cost transparency solution and data analytical expertise to assist with collecting cost information across the range of ...
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October, 2019
Border to Coast picks external managers for credit
Border to Coast Pensions Partnership, one of the largest UK public sector pension pools in the UK with assets totalling £46 billion, has selected Royal London Asset Management, M&G Investment Management and Insight Investment as its external asset managers for a Sterling Investment Grade Credit Fund, which is expected to reach £2 billion at launch. ...
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October, 2019
LPP sees in-house global equity portfolio outperform
Local Pensions Partnership’s internally managed global equity portfolio has outperformed its benchmark, by delivering a 136% cumulative total return, versus the MSCI World Index performance of 83.4%, on a five-year track record. The portfolio’s performance has outperformed its target performance benchmark by an annualised 5.8%. This places the LPP ...
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October, 2019
LPP launches real estate fund
Local Pensions Partnership Investments (LPPI), the asset management arm for the pooled entity Local Pensions Partnership (LPP), has set up the LPPI Real Estate Fund to pool the property assets of three public sector pension funds that it manages. The vehicle has launched with more than £800 million of direct UK property investment assets and a further ...
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October, 2019
Brunel Pension Partnership seeks CEO
Brunel Pension Partnership, one of eight national Local Government Pension Scheme (LGPS) pools, is looking to hire a chief executive officer. The search comes on the heels of Dawn Turner’s resignation in the summer. The Brunel board, alongside Turner, has been developing the strategic needs of the company as it moves rapidly towards the post-transition ...
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October, 2019
London fund preps to move £125 million into low carbon strategy
The £1 billion Hammersmith & Fulham Pension Fund is in the final stages of allocating approximately £125 million to a passive low carbon global equity fund. The fund, which is part of the Local Government Pension Scheme (LGPS), plans to invest in a suitable strategy from Legal & General, said director of pensions and treasury, Phil Triggs. However, it ...
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October, 2019
PMI shows industry divide over professional trustees
Research from the Pensions Management Institute’s (PMI) latest PMI Pulse survey revealed that the pensions industry remains split over the potential requirement for all pension schemes to have a professional trustee, with 50% believing that schemes should have a professional trustee but 78% of respondents recognised that the industry does not currently ...
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October, 2019
Truvalue wins Brunel Pension Partnership ESG contract
Truvalue Labs, a San Francisco-based AI-driven environmental, social and governance (ESG) data company, has been appointed by the UK’s Brunel Pension Partnership to evaluate the ESG and reputational risks across all of Brunel’s external fund managers and their holdings for listed equities and bonds. Brunel was the first of the Local Government Pension ...
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October, 2019
bfinance research finds decline in asset management fees
Asset owners continue to apply pressure on external manager fees, with new data from investment consulting house bfinance showing substantial fee reductions across a number of asset classes. Figures are based on real fees being quoted by asset managers for real mandates – not surveys or “rack rates”, which tend to be inflated. This fee compression is ...
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