Pension funds poised to help social housing crisis


The pension fund industry could deploy its capital and expertise to revitalise everyday services such as social housing and infrastructure, after ambitious government plans to grow sectors have fallen short in recent years.

River and Mercantile joins green gilts issuance

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On the go: River and Mercantile has announced its participation in the government’s inaugural green gilts issuance.

Taskforce lays out measures to boost schemes’ voting powers


The Taskforce on Pension Scheme Voting Implementation has called on the Department for Work and Pensions and the Financial Conduct Authority to create templates and requirements aimed at boosting asset owners’ ability to vote, especially in pooled funds.

USS invests £75m in housing finance

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On the go: The £80.6bn Universities Superannuation Scheme has made an investment in residential housing finance via specialist lender Pluto Finance.

Industry body launches new ESG guide for trustees

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On the go: The Society of Pension Professionals has launched an environmental, social and governance guide for pension trustees, aimed at schemes that do not have size and resources to effectively manage its integration.

National Grid scheme appoints outsourced investment manager

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On the go: The circa £12bn National Grid UK Pension Scheme has appointed Russell Investments as its outsourced investment manager.

Schemes have over £1tn in assets exposed to ‘significant’ climate risk

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On the go: More than £1tn in assets held by UK institutional investors is exposed to significant climate risks, according to research from LCP.

Energy company scheme appoints new fiduciary manager

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On the go: The £642m Uniper Group of the Electricity Supply Pension Scheme has awarded a £570m fiduciary management mandate to Kempen Capital Management.

LGPS funds and pools cement bet on alts in Q2


Data crunch: LGPS funds awarded 37 mandates to asset managers during the second quarter, a time when these schemes and local authority pools increased their allocations to alternative investments.

Only a quarter of ESG funds receive green rating

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On the go: There is still room for improvement for asset managers when it comes to environmental, social and governance investment funds, since only a quarter of these received a green score in analysis from pensions consultancy XPS.