Case StudiesRSS

Centrica drills for returns with high-yield allocation

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The Centrica Combined Common Investment Fund, which manages holdings for the energy giant’s pension schemes, has trimmed its exposure to corporate bonds, reweighting its portfolio towards high-yield debt.

ABF and Pie to shore up Severn Trent against deficit plunge

cover graphic Severn Trent (teaser)

The Severn Trent Pension Scheme has agreed a new asset-backed funding strategy with its sponsor, following a year which saw its accounting deficit more than double despite derisking measures.

South Yorkshire admin issues highlight LGPS challenges

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A number of local authority schemes have faced administration challenges and missed deadlines after implementing new software, as the provider struggled with capacity troubles.

HSBC pioneers ESG in DC with £1.85bn multi-factor fund

The HSBC Bank UK Pension Scheme has selected a multi-factor fund with a tilt towards low-carbon businesses as the equity component of its default offering, a switch that will see £1.85bn of defined contribution savers' money invested in line with green principles.

British Coal's green turn on payslips to net £400,000 a year

British Steel Pension Scheme

The British Coal Staff Superannuation Scheme has opted to stop sending monthly paper payslips to its members from August 2017, saving the fund almost £400,000 a year.

Increased contributions for BA scheme rewarded by investors

The trustees of the New Airways Pension Scheme have agreed a new funding arrangement with sponsor British Airways, a move that saw share prices in BA’s parent company International Airlines Group soar by more than 5 per cent on Wednesday.

NESPF adds DGFs and PE after global equities disappointment

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The North East Scotland Pension Fund has taken further steps to diversify its growth portfolio, divesting from underperforming global equities and allocating to a range of private equity houses and diversified growth funds.

Kingfisher ups hedging level as scheme slips into surplus

Bloomberg

Screwfix and B&Q owner Kingfisher’s defined benefit fund has extended its programme of hedging interest and inflation risk, allowing the scheme to maintain its strong funding level amid a low-yield environment.

Strathclyde earmarks £750m for MAC and private debt

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The Strathclyde Pension Fund has made large allocations to both private debt and multi-asset credit as it looks to take advantage of the growth in non-bank intermediaries.

DWP silence on GMPs blocks Smiths implementation

Two UK defined benefit schemes operated by technology company Smiths Group have said they will implement guaranteed minimum pension equalisation but need further clarification from the Department for Work and Pensions to do so.

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