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Latest Investment news
Focus on members amid government reform demands, LGPS urged
The chair of the LGPS’s Scheme Advisory Board has encouraged the system’s staff to “keep doing the day job” as the government’s reform agenda looms large.
Private markets buyers eye credit, secondaries amid rising geopolitical risk
Research from Coller Capital shows a growing appetite for private credit and secondary strategies among institutional investors worldwide.
Spending Review: Boost for British Business Bank as schemes eye UK opportunities
Chancellor Rachel Reeves has increased the financial capacity of the British Business Bank and announced major spending plans for social housing and regional transport infrastructure.
Welsh pension capital deployed in new housing and infrastructure schemes
Pension schemes in Wales have backed new investment opportunities as pressure mounts on local authority schemes to channel more money into local investments.
Private markets latest
Private markets buyers eye credit, secondaries amid rising geopolitical risk
Research from Coller Capital shows a growing appetite for private credit and secondary strategies among institutional investors worldwide.
Spending Review: Boost for British Business Bank as schemes eye UK opportunities
Chancellor Rachel Reeves has increased the financial capacity of the British Business Bank and announced major spending plans for social housing and regional transport infrastructure.
A step too far? Mandatory UK investment remains a threat after Pension Investment Review
The forthcoming Pension Schemes Bill will give the government the power to force pension funds to invest in the UK.
London CIV backs venture capital vehicle in drive for private equity exposure
The £50bn Local Government Pension Scheme asset pool is the first public sector entity to back the British Business Bank’s planned new venture capital fund for pension investors.
ESG and sustainability
West Midlands: Our ambitious climate and sustainability goals
Rachel Brothwood, executive director of pensions at West Midlands Pension Fund, explains the organisation’s extensive six-month sustainability strategy review.
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.
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.