Report
-
October, 2020
Inflation switch could cost schemes £80 billion
Government plans to align the Retail Price Index (RPI) with the Consumer Price Index (CPIH) could see pension schemes up to £80 billion worse off, the Pensions and Lifetime Savings Association (PLSA) has warned. The UK Statistics Authority and the Treasury unveiled plans to align the inflation measures under a joint consultation in March. Following the ...
Read More -
October, 2020
DB transfer values remain elevated
Defined benefit transfer values rose to a record high in July as Gilt yields continued to fall, whilst the number of members taking a transfer continued at pre-lockdown levels. XPS Pensions Group’s Transfer Value Index reached a record high of £261,500 on 30 July, before falling back to end the month at £260,700, up from £259,700 at the end of ...
Read More -
October, 2020
LPP commits £150 million to private rented housing
Local Pensions Partnership has committed £150 million into the private rented housing sector alongside institutional investors including Allianz. The pension pool made the allocation to residential investment vehicle DOOR, which is co-sponsored by Oxford Properties and DV4, which alongside APG Asset Management and Qatari Diar as separate shareholders, ...
Read More -
October, 2020
DB schemes should guard against post-pandemic inertia
Three-quarters of defined benefit schemes said that they have taken no material action to change their investment strategy or journey plans in the wake of the Covid-19 pandemic, according to research by LCP. While for some, this may be reflective of their robust planning, inertia may be damaging for others, the consultancy said. While around 40% of those ...
Read More -
October, 2020
“Net zero” investment blueprint launched
The Institutional Investors Group on Climate Change (IIGCC) has launched a consultation on a blueprint to enable asset owners and managers to work towards becoming “net zero” investors in line with the goals of the Paris Climate Agreement. The framework was developed with over 70 global investors, representing more than $16 trillion in assets, ...
Read More -
October, 2020
Brunel searches for corporate bond managers
Brunel Pension Partnership has launched a search for managers for its £1.2 billion Sterling Corporate Bond sub-fund, which is due to launch during the first quarter of next year. The portfolio will invest primarily in sterling-denominated bonds, as defined by inclusion in the benchmark, the iBoxx Sterling Non-Gilt All-Maturities Bond index. The fund is ...
Read More -
October, 2020
Investors call for Gulf action to protect workers
Major investors including Schroders and Aviva Investors have banded together to urge companies with operations in Gulf nations to protect migrant workers. The group of 38 investors, with over $3 trillion in assets and led by CCLA, have written to 54 companies to request details about their approach to safeguarding the rights of workers. It follows ...
Read More -
October, 2020
ESG inflows surge post-pandemic
ESG equity funds enjoyed record inflows in July, bucking negative sentiment towards broader equity strategies. Inflows into ESG funds grew to £362 million in July, according to research by Calastone, with total commitments of £1.2 billion between April and July greater than all previous years combined. Meanwhile equity funds shed £240 million in ...
Read More -
October, 2020
LGPS committees score high on markets knowledge
Local government pension scheme committee members’ understanding of investment and financial markets is high, Hymans Robertson National Knowledge Assessment found, but more work is needed on less traditional areas of focus such as administration. The assessment was conducted to help funds benchmark the knowledge and understanding of their pension ...
Read More -
August, 2020
Real estate assets hit record high
Global real estate assets under management reached a record €3.2 trillion at the end of 2019, according to data from the Asian Association for Investors in Non-Listed Real Estate Vehicles (ANREV), European Association for Investors in Non-Listed Real Estate (INREV) and National Council of Real Estate Investment Fiduciaries (NCREIF), a 16% rise on the ...
Read More
