Plymouth & South West Co-op introduces illiquids and cuts DGFs

The Plymouth & South West Co-operative Society pension fund is decreasing its diversified growth fund exposure and introducing a new allocation to illiquid credit.

Warwickshire cuts hedge funds from portfolio

The £2.1bn Warwickshire County Council Pension Fund has sold off its hedge fund allocation in anticipation of its move into the Border to Coast Pensions Partnership.

FCA tackles information deficit with new rules and consultation

The Financial Conduct Authority has published new rules on the duties of fund managers and is launching a consultation on proposed rules and guidance for improving fund information for investors.

Parliamentary scheme elects alternative credit

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The Parliamentary Contributory Pension Fund has introduced a new allocation to alternative credit to further diversify the scheme’s portfolio of return-seeking assets.

Schemes told to be active owners to ensure long-term returns

Active ownership

Pension funds are becoming more active in exercising ownership to improve governance of investee companies, but there is still scope for investors to further integrate environmental, social and governance factors, a panel of experts from across Europe has said.

Can schemes still justify active management?

The average active fund manager cannot outperform their benchmark net of fees, and according to the Competition and Markets Authority, the average investment consultant cannot reliably identify those managers who do. Can an average trustee board reasonably keep the faith in active management?

Barnet switches DGFs for property and private equity

The £1.1bn London Borough of Barnet Pension Fund has resolved to cut its 20 per cent allocation to diversified growth funds managed by Schroders and Newton Investment Management.

Should pension schemes consider helping the banks?

Analysis: Pension schemes have an opportunity to take advantage of banks’ growing capital requirements.

Hammersmith & Fulham weighs up fossil fuel divestment

The £1bn London Borough of Hammersmith & Fulham Superannuation Fund is discussing whether to lower its fossil fuel exposure as part of its next investment strategy review.

Councils fear loss of control under London CIV proposals

The London Collective Investment Vehicle has announced a number of upgrades to its governance structures in response to personnel changes, but local authority participants still have fundamental concerns about how investing in the pool will work.

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