Analysis: A report into trustees’ first efforts on the new statements of investment principles has yielded damning results. But what can regulators, or even members, actually do about it?
Global Pensions Wrap: February edition
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February 10, 2020
Activists protesting against France’s pension reforms storm BlackRock’s Paris headquarters, while experts warn investors facing plunging equity holdings against taking knee-jerk reactions to the coronavirus outbreak. Read our round-up of pensions and finance news from the FT’s global outlets.
University strikes announced as talks fail to placate union
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February 3, 2020
Staff at 52 UK universities are to strike over pensions for 14 days during February and March, after talks with employers and the trustees of the Universities Superannuation Scheme failed to satisfy trade unionists.
Academic support for renewed strike action swells
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January 30, 2020
On the go: Up to 52 universities could now be affected by strike action if a dispute over the Universities Superannuation Scheme is not solved, after a reballot of institutions by the University and College Union.
Telent: Buy-in could have scuppered scheme rescue
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January 29, 2020
On the go: The trustees behind the record-breaking £4.7bn buyout of the Telent pension scheme say purchasing partial buy-in contracts could have derailed their aim of securing all members’ benefits.
Climate disclosure guidance for schemes expected in March
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January 28, 2020
On the go: The Department for Work and Pensions is to issue guidance in March to trustees on reporting the impact of their investments on climate change.
Brunel lays down gauntlet with ESG policy
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January 27, 2020
The Brunel Pension Partnership has issued a radical challenge on climate change to its asset managers and peers, as the local authority pool attempts to reduce the carbon intensity of its equity portfolios by 7 per cent year on year.
‘Constructive talks’ held on USS valuation
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January 27, 2020
On the go: Stakeholders and trustees of the £68bn Universities Superannuation Scheme have agreed shared statements of purpose with regards to the plan, as the opening rounds of talks to break a valuation deadlock were branded “constructive” by the meeting’s chair.
USS DC section to begin exploring alternative assets
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January 22, 2020
On the go: The Universities Superannuation Scheme is to begin adding alternative assets to its default defined contribution portfolio, the £68bn pension giant announced on Wednesday.
Train operators' legal battle with government kicks off
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January 20, 2020
On the go: Train operators will argue that the government has unfairly excluded them from rail contracts over its stance on pensions, in a High Court case that begins on Monday.