InvestmentRSS

Baptist scheme pulls DGF for global infrastructure

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Trustees of the defined benefit Baptist Pension Scheme have allocated to global infrastructure and dropped a struggling diversified growth fund manager.

New group set to bring in more transparency around charges

On the go: An industry group has been set up to work on implementing, promoting and encouraging the use of new cost transparency templates across the pensions and investment industries, with the aim of encouraging more consistent disclosure of costs.

Jaguar scheme opts for forestry and farmland

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The Jaguar Pension Plan has invested in agriculture and timber funds in a bid to diversify its portfolio and develop its exposure to opportunistic private markets.

Pension giants challenge companies on climate lobbying

The Church of England Pensions Board and Swedish pension fund AP7 have written to 55 large companies on their approach to climate lobbying, as government and regulators take action on Environmental Audit Committee recommendations to improve pension fund governance.

Schemes shift attention from interest rates to inflation hedging

On the go: Inflation hedging has seen a sharp rise with activity up by 22 per cent in the third quarter of 2018, to around £24.2bn. Total interest rate hedging activity was around £29.2bn in the third quarter, a 1 per cent fall according to the BMO Global Asset Management.

JLT switch to TDF default sees boost in engagement

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An overhaul of the default arrangement in the Jardine Lloyd Thompson Pension Scheme’s defined contribution section, switching from a lifestyle arrangement to target date funds, has brought its more engaged members back from their self-select funds.

Worcestershire puts JPMorgan AM back on watch

The Worcestershire County Council Pension Fund has placed JPMorgan Asset Management "on watch" for the continued underperformance of its emerging markets equities mandate, just six months after removing its added scrutiny of the manager.

Thales ups alts for predictable cash flows

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Trustees of the Thales defined benefit pension fund have taken steps to move away from listed equities and increased the scheme’s exposure to investments with more predictable cash flows.

Lambeth invests in multi-asset credit

The London Borough of Lambeth Pension Fund has invested around £75m into multi-asset credit from its corporate bonds allocation. It is also weighing up investment in private debt alongside other Local Government Pension Schemes.

BBC matches cash flows after strong 2017 returns

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The BBC Pension Scheme has slashed its exposure to equity markets, in an attempt to lock in recent outperformance with liability-driven investment, private credit and alternative matching assets.