Active managers unable to mitigate late 2018 volatility

Data crunch: For active managers, the ultimate test of mettle will always be whether they can beat their benchmark. As of the end of 2018 the news looks good for stockpickers specialising in UK equities, but analysts say there are still concerns behind the numbers.

LGIM votes against record number of companies in 2018

On the go: Legal & General Investment Management has broken its record for voting against companies of which it is a shareholder, as the asset manager tries to cement its stewardship credentials.

BlueSky and Crystal master trusts gain authorisation

On the go: Two more master trusts have gained authorisation from the Pensions Regulator, bringing the total approved schemes in the sector to five.

Fiduciary managers struggle in 2018’s testing markets

On the go: Fiduciary managers significantly undershot their targets in 2018, with underperformance ranging from 6 per cent to more than 11 per cent, according to the first XPS FM Watch report.

LDI growth continues across UK schemes

UK pension fund exposure to liability-driven investments continues to increase, according to data collected by Pensions Expert’s sister title MandateWire, as an increasing number of smaller schemes enter the market.

Church of England scheme gives ultimatum to mining companies

On the go: In the wake of the collapse of the tailings dam in Brumadinho, Brazil, which killed at least 84 people and left hundreds missing, 96 institutional investors have been stirred into action.

Select committee gives pension industry low marks for transparency

On the go: The pensions and financial inclusion minister Guy Opperman, and John Glen, the economic secretary to HM Treasury, were grilled by the Work and Pensions Committee investigating pension costs and transparency on Wednesday.

Shell drills for liquidity and slashes return-seeking assets post valuation

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Trustees of the Shell Contributory Pension Fund have overhauled the scheme’s investment strategy following its latest valuation, introducing new allocations to investment-grade and highly liquid assets, while cutting the fund’s return-seeking portfolio exposure.

John Laing divests asset-backed funding from former sponsor

The John Laing Pension Fund has sold its remaining stake in infrastructure company John Laing Environmental Assets Group, a holding initially contributed to the scheme as part of a contingent funding plan in 2015.