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Latest Investment news
DC schemes back British Business Bank’s £200m venture capital fund
Aegon and the Natwest Cushon master trust have finalised investments in the British Growth Partnership Fund, contributing to a £200m capital raise for the venture capital vehicle.
LGPS latest: West Midlands’ £1.1bn regional drive; LGPS Central backs Yorkshire Water
A roundup of the latest investment headlines from the Local Government Pension Scheme, brought to you by Pensons Expert’s sister title LAPF Investments.
USS steps up residential push with stake in private credit manager Venn Partners
The UK’s largest pension fund intends to invest more in the UK residential property sector, with the acquisition following two other significant lending projects.
How alts and active management aid Australian pension outperformance
With Australia’s superannuation system repeatedly held up as a model for UK defined contribution pension provision, a new study shows the impact of diversification into private markets and the use of active management models.
Govt expected to press on with capped mandation power after Lords defeat
The government is expected to revise its controversial pension investment “mandation” power, despite peers voting to remove the clause from the Pension Schemes Bill earlier this month.
Climate risks ‘still mispriced’ despite $1.3trn corporate exposure
A report developed by Marsh Risk and Impax Asset Management warns that physical climate risks are already affecting portfolios through asset damage, supply chain disruption, and impaired company performance.
CofE to target banks in new climate change voting strategy
The institution’s announcement has been welcomed by campaign group ShareAction and comes as multiple banks have watered down their climate change strategies in recent months.
Private markets latest
DC schemes back British Business Bank’s £200m venture capital fund
Aegon and the Natwest Cushon master trust have finalised investments in the British Growth Partnership Fund, contributing to a £200m capital raise for the venture capital vehicle.
USS steps up residential push with stake in private credit manager Venn Partners
The UK’s largest pension fund intends to invest more in the UK residential property sector, with the acquisition following two other significant lending projects.
How alts and active management aid Australian pension outperformance
With Australia’s superannuation system repeatedly held up as a model for UK defined contribution pension provision, a new study shows the impact of diversification into private markets and the use of active management models.
Mapping the future of pension investment
Former Australian pensions minister Nick Sherry and World Pensions Forum director M Nicolas J Firzli explain their new model for visualising the future of asset allocation as interest in private markets and productive finance increases.
ESG and sustainability
Climate risks ‘still mispriced’ despite $1.3trn corporate exposure
A report developed by Marsh Risk and Impax Asset Management warns that physical climate risks are already affecting portfolios through asset damage, supply chain disruption, and impaired company performance.
CofE to target banks in new climate change voting strategy
The institution’s announcement has been welcomed by campaign group ShareAction and comes as multiple banks have watered down their climate change strategies in recent months.
Nest pledges action against corporate climate plan rollbacks
The master trust will vote against board chairs if companies “materially” scale back climate strategies, as part of a new approach to stewardship.
Is ESG investing in the best interests of pension scheme members? [Updated]
Former Green Party leader Caroline Lucas and ex-cabinet minister Michael Gove debated climate change investing and fiduciary duty in a session at the Pensions UK Investment Conference.
Nest launches tender for segregated ethical equity mandate
Nest’s Ethical Fund currently has £260m invested in ethical equities, as the master trust launches a search for a bespoke segregated mandate manager.
Climate change and fiduciary duty: how can trustees plan for an uncertain future?
What will be the financial impact of global temperature increases? Predicting the future is uncertain, but it doesn’t mean pension schemes can afford to put it off until later, writes Authently’s David Kneale.
Consultants news
First Actuarial acquires employee benefits client book from EBP
First Actuarial has acquired a book of almost 70 employee benefit clients from a small employee benefits adviser after two of its three directors decided to retire and dissolve their partnership.
Independent Governance Group buys KGC to boost governance services
The professional trustee and services firm has acquired governance consulting specialist KGC Associates, led by managing director Kim Gubler.
Isio appoints former Vidett co-CEO as part of boost to senior team
The hires of Naomi L’Estrange and Gareth Roberts to senior positions highlight the company’s growth ambitions following last year’s strategic investment by private equity firm Aquiline.