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Latest Investment news
Asset managers get behind ‘targeted support’ drive for pension savers
The asset management industry’s trade body has said the planned ‘targeted support’ regime for people approaching retirement will be “critical” in ensuring good outcomes.
BoE governor warns against mandation as Bell promises ‘opt out’
The governor of the Bank of England has voiced opposition to potential policies to mandate how pension schemes invest – an intervention described as “nuclear” by a former pensions minister.
WTW wins major fiduciary mandate from Plumbing Pensions
The £1.2bn Plumbing & Mechanical Services Industry Pension Scheme has outsourced its investment function as it aims to reach buyout-level funding.
Mansion House Accord to drive growth in LTAF demand and supply, poll suggests
Three in five asset managers are exploring launching long-term asset funds as momentum grows for defined contribution pension schemes to invest in private markets.
Private markets latest
BoE governor warns against mandation as Bell promises ‘opt out’
The governor of the Bank of England has voiced opposition to potential policies to mandate how pension schemes invest – an intervention described as “nuclear” by a former pensions minister.
The power of marginal gains in pension investing
The recent signing of the Mansion House Accord by 17 major UK pension schemes has put pensions and investment returns firmly under the spotlight, writes People’s Partnership chief executive officer Patrick Heath-Lay.
Is the UK pensions industry doing the right thing the wrong way?
David Whitehair, chair of the Defined Contribution Investment Forum, argues against mandation of asset allocations and instead calls for investible assets and better governance.
Mansion House Accord to drive growth in LTAF demand and supply, poll suggests
Three in five asset managers are exploring launching long-term asset funds as momentum grows for defined contribution pension schemes to invest in private markets.
ESG and sustainability
Two UK pension schemes announce new private markets allocations
One DB and one DC scheme announce £100m and £48m private markets mandates, respectively.
2050 net zero goals are ‘no longer realistic’, warns Ortec
New scenario analysis has shown significant economic and investment impacts if the current trajectory of global warming continues, hitting inflation, growth, equities and bonds.
Poor default offerings could ‘undermine trust and widen generational gap’
Two professional trustees have written an open letter warning the industry of dangers lurking in default strategies that do not adequately reflect the views of their members.
LPPI commits £500m to new environmental private markets fund
Local Pensions Partnership Investments hired Helena Threlfall last year to run the new strategy, which will invest across private equity, infrastructure, venture capital and natural capital.
LGPS and MPs’ pension funds invest in social infrastructure vehicle
The two pension schemes have contributed to an initial £100m capital raise for the Newcore Social Infrastructure Income Fund.
Scottish Widows embeds sustainability into new lifetime pension offering
Scottish Widows has revamped its largest default fund to target a higher exposure to growth assets and embed sustainability targets.
Consultants news
Barnett Waddingham acquired by Howden as consultant consolidation continues
The deal boosts Howden’s employee benefits proposition and follows several other acquisitions in the consulting space, including Mercer and Cardano, Gallagher and Redington, and Isio and K3 Advisory.
FCA authorisation for pools ‘costly and time-consuming’, says LGPS board
The LGPS Scheme Advisory Board joins consultants and policy experts in querying the government’s proposals for reforming the Local Government Pension Scheme.
‘Pivotal point’ for fiduciary management as DB matures
Fiduciary managers face a “pivotal point” as DB schemes mature and the investment and regulatory landscapes grow more complex, according to Isio.