InvestmentRSS

New funding proposals threaten ‘the demise of DB schemes’

Chris Ratcliffe/Bloomberg

New defined benefit funding rules may lead to “potentially severe outcomes”, consultancy LCP has warned, while Mercer has predicted that the regulations would “accelerate pension liability buyouts and the demise of DB schemes”.

Railpen stands by investment in Chinese government debt

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The manager of the Railways Pension Scheme has stood by the scheme's decision to invest in Chinese government bonds in 2021, despite allegations of human rights abuses committed by the country's government.

West Yorkshire Pension Fund averts recruitment crisis

News on the go

On the go: The £17.8bn West Yorkshire Pension Fund has made three senior appointments to its in-house investment team in response to ‘critical’ staffing issues that occurred last year. It has also weighed up the risk of handing assets over to external managers in the future.

Unisys schemes appoint Cardano as fiduciary manager

News on the go

On the go: The Unisys Pension Scheme, the Unisys Payment Services Pension Scheme (Unisys Section) and the Unisys Public Sector Pension Scheme have appointed Cardano as fiduciary manager.

Royal London profits slump due to market volatility

Visionhaus

Royal London has posted a pre-tax loss of £228mn for the first half of the year due to falls in equity and bond markets.

TPR revamps guidance on fiduciary management tender processes

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The Pensions Regulator has published updated guidance on the tender process for fiduciary management services and trustees, setting objectives for investment consultants as it prepares to take over regulation of these duties this autumn.

Experts warn schemes of recession and inflation risks after BoE rate rise

John Sibley/Reuters

The Bank of England has announced its highest rate hike in 27 years, lifting its base rate by 0.5 per cent to 1.75 per cent in a bid to control rising inflation, with warnings of an imminent recession creating fresh challenges for UK pension schemes.  

Nest invests £200mn in offshore wind farm

News on the go

On the go: The £24bn National Employment Savings Trust has acquired a stake in an offshore wind farm.

Investment governance rules – where are we now?

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CPD: Gowling WLG and IC Select specialists recap the legal fundamentals affecting trustees’ investment practices, before considering the importance of setting strategic investment objectives in order to comply with CMA and DWP rules.