InvestmentRSS

New SPP president targets DC outcomes

iStock

The Society of Pension Professionals’ new president, Steve Hitchiner, has demanded greater focus on outcomes for defined contribution scheme members.

Pension fund focus on ESG opens questions over insurer back books

GettyImages/Leon Neal

Billions of assets purchased by insurers to back UK retirement promises have the potential to drive corporate progress on issues such as climate change, and pension fund trustees are now indicating a willingness to pay extra for better stewardship.

Mindset shift key to private markets in DC, trustees told

Dreamstime

Allocating capital to long-term illiquid assets requires a shift in focus from cost to value, according to panellists at the Pensions and Lifetime Savings Association’s investment conference.

Record numbers of FTSE 350 DB schemes are in surplus

Bloomberg

More than six in 10 FTSE 350 defined benefit scheme sponsors have reported a pensions accounting surplus as at the end of 2021, while the aggregate surplus has almost doubled in the past months.

EAPF invests in sustainable credit, most schemes plan for net zero

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including investment in sustainable private credit by the £4.3bn Environment Agency Pension Fund, nearly three-quarters of schemes set to have net zero plans, and a pair of ESG guides issued for trustees.

BT Pension Scheme sells stake in real estate venture

News on the go

On the go: The £57.5bn BT Pension Scheme, via Federated Hermes, has sold part of its stake in the engineering and technology business park Silverstone Park to the $550.4bn (£342.6bn) Canada Pension Plan Investment Board.

Will inflation knock your scheme’s endgame strategy off track?

Leonard Bowman

Leonard Bowman, head of corporate DB endgame strategy at Hymans Robertson, considers the implications of surging inflation on defined benefit schemes’ endgame strategies.

Lambeth eyes affordable housing, BCPP picks ESG data provider

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the London Borough of Lambeth Pension Fund planning investment in affordable housing, and the Border to Coast Pensions Partnership appointing an ESG data provider.

BT awards $1bn private equity mandate to Hermes

News on the go

On the go: The £57.5bn BT Pension Scheme has awarded a $1bn (£801.4mn) private equity mandate to Hermes GPE, further building on two previous private equity investments with the manager.