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Latest Investment news
Master trusts increasingly ‘testing the water’ with private markets allocations
LCP research shows master trusts are in step with the government’s drive to invest more in ‘productive finance’ such as private equity and infrastructure.
Railpen hires life sciences expert to boost Oxford-Cambridge development work
The £34bn pension scheme has hired Emma Goodford to lead its life sciences and innovation leasing work as it develops a portfolio of assets in the Oxford-Cambridge “growth corridor”.
Fiduciary manager models ‘outperform client portfolios’, report shows
Many model growth portfolios used by fiduciary managers outperformed the actual portfolios run on behalf of pension scheme clients, a new report shows.
Investment rule change for insurers could aid buy-in pricing
Pension insurers could soon be given new investment flexibilities designed to boost their ability to allocate to UK assets – a move that could improve bulk annuity pricing.
Private markets latest
People’s Pension names co-heads of real assets
The People’s Pension has named two co-heads of real assets to boost its efforts to allocate up to £4bn to private markets.
Master trusts increasingly ‘testing the water’ with private markets allocations
LCP research shows master trusts are in step with the government’s drive to invest more in ‘productive finance’ such as private equity and infrastructure.
Aegon adds further LTAFs to default investment offering
Aegon has received regulatory clearance for two long-term asset funds (LTAFs) as it continues to add private markets exposures to its defined contribution master trust.
LPPI commits £500m to new environmental private markets fund
Local Pensions Partnership Investments hired Helena Threlfall last year to run the new strategy, which will invest across private equity, infrastructure, venture capital and natural capital.
ESG and sustainability
2050 net zero goals are ‘no longer realistic’, warns Ortec
New scenario analysis has shown significant economic and investment impacts if the current trajectory of global warming continues, hitting inflation, growth, equities and bonds.
Poor default offerings could ‘undermine trust and widen generational gap’
Two professional trustees have written an open letter warning the industry of dangers lurking in default strategies that do not adequately reflect the views of their members.
LPPI commits £500m to new environmental private markets fund
Local Pensions Partnership Investments hired Helena Threlfall last year to run the new strategy, which will invest across private equity, infrastructure, venture capital and natural capital.
LGPS and MPs’ pension funds invest in social infrastructure vehicle
The two pension schemes have contributed to an initial £100m capital raise for the Newcore Social Infrastructure Income Fund.
Scottish Widows embeds sustainability into new lifetime pension offering
Scottish Widows has revamped its largest default fund to target a higher exposure to growth assets and embed sustainability targets.
Fiduciary duty and climate change – where we stand
With recent data showing the world’s temperature increase breached the crucial 1.5-degree level, the Society of Pension Professionals’ Donna Matteucci explores the landscape for climate-related investing.
Consultants news
Barnett Waddingham acquired by Howden as consultant consolidation continues
The deal boosts Howden’s employee benefits proposition and follows several other acquisitions in the consulting space, including Mercer and Cardano, Gallagher and Redington, and Isio and K3 Advisory.
FCA authorisation for pools ‘costly and time-consuming’, says LGPS board
The LGPS Scheme Advisory Board joins consultants and policy experts in querying the government’s proposals for reforming the Local Government Pension Scheme.
‘Pivotal point’ for fiduciary management as DB matures
Fiduciary managers face a “pivotal point” as DB schemes mature and the investment and regulatory landscapes grow more complex, according to Isio.