Report
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February, 2021
Schemes confident on pandemic resilience
The bulk of schemes believe Covid-19 is having only little or no impact on the day-to-day running of their scheme, according to a survey by Pensions and Lifetime Savings Association (PLSA), but cautioned against lifting of regulatory easements too soon. More than four-fifths of schemes said the pandemic was not having a detrimental effect on them running ...
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February, 2021
Investors issue climate resolution at HSBC
Investors with combined assets of $2.4 trillion under management have filed a climate change resolution at HSBC, alongside 117 individual shareholders. The resolution, co-ordinated by responsible investment ShareAction, calls on HSBC to publish a strategy and targets to reduce its exposure to fossil fuel assets, starting with coal, on a timeline ...
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February, 2021
UK dividends forecast to rise in 2021
Dividends paid by UK companies fell 44% during 2020, to the lowest annual figure since 2011, according to the Link Group UK Dividend Monitor. However, Link forecasts a 10% rise in headline dividends, which include special dividends, under a best-case scenario this year as pay-outs recover from March. Two-thirds of companies cancelled or cut their ...
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February, 2021
Impact bond issuance surges post-pandemic
A record $500 billion in impact bonds were issued last year, according to data from Bloomberg, an increase of 60% on the 2019. This increase could easily be repeated in 2021, according to a review by Insight Investment. which would take the overall market close to $2 trillion by the end of the year. Government-related issuance, at $260 billion, ...
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February, 2021
LGPS schemes commit to infrastructure fundraising
GLIL Infrastructure (GLIL) has raised a further £500 million from its LGPS members as it bids to drive further investment in core UK infrastructure assets. Members making the commitment included Greater Manchester, Merseyside and West Yorkshire Pension Funds as part of the Northern LGPS pool, and Lancashire County Pension Fund, Royal County of Berkshire ...
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February, 2021
Investors push for mandatory vote on climate policies
Investors with combined assets of around $20 trillion in assets under management have called for the introduction of a mandatory shareholder vote on business’s climate disclosures at annual general meetings. The Investor Forum, whose members represent around a third of the FTSE All-Share by value, has urged the government to force companies to offer ...
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December, 2020
Brunel launches downside protection fund
Brunel Pension Partnership has launched a £1.2 billion diversifying returns sub-fund, which aims to offer constituent pension funds downside protection in times of market stress. The sub-fund was created in response to client requests for a portfolio that would provide meaningfully different exposures to others in their strategic asset allocations. It is ...
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December, 2020
PLSA unveils climate-aware investment recommendations
The Pensions and Lifetime Savings Association (PLSA) has unveiled a series of recommendations to help schemes overcome barriers that prevent them fully embracing climate-aware investment. After speaking to more than 80 delegates representing some 60 funds directly, and many hundreds more indirectly, in a series of virtual roundtables over the summer, the ...
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December, 2020
London CIV unveils equity fund with ESG edge
London Collective Investment Vehicle (CIV) has launched a global equity fund integrating environmental, social and governance (ESG) principles, alongside Morgan Stanley Investment Management. The LCIV Global Equity Core fund’s objective is to generate a total return, comprising both capital growth and income, over a long-term period of typically between ...
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December, 2020
Brunel launches global small cap fund
Brunel Pension Partnership has launched a global small cap fund, which will manage a mandate of approximately £300 million. The creation of the fund is in response to client requests for a portfolio offering exposure to the small cap premium as the primary driver of returns. After evaluating 33 different strategies, three managers – American Century, ...
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