InvestmentRSS

Trustees in the firing line as private equity houses target UK firms

iStock

CPD: With US private equity houses scooping up much-loved British companies at bargain prices, Stephanie Hawthorne looks at the implications for UK pensions schemes and their trustees.

Climate awareness now ‘business as usual’ for schemes, Aon says

News on the go

On the go: Managing climate change is now “business as usual” for pension funds, while other factors surrounding political instability have diminished in importance, Tim Manuel, co-head of responsible investment at Aon, told the Pensions and Lifetime Savings Association’s annual conference.

Keeping ahead of regulation curve vital to private market success

News on the go

On the go: Private markets offer schemes access to transactions that will facilitate the transition to a green economy, but staying ahead of the regulatory curve is vital to achieving success within the space, the Pensions and Lifetime Savings Association’s annual conference has heard. 

‘Greenium’ concerns remain around second green gilts issuance

News on the go

On the go: The second issuance of the government’s green gilts is expected on October 18. While the first issuance was significantly oversubscribed, concerns about the “greenium” have deterred some pension schemes from investing.

New index fund aims to help schemes build Paris-aligned portfolios

News on the go

On the go: Willis Towers Watson has teamed up with index provider Qontigo to launch the Stoxx Willis Towers Watson Climate Transition Indices, which they say will enable investors to address climate risks in their portfolios with a forward-looking evaluation of Paris-aligned equity valuations.

Wates Pension Fund appoints fiduciary manager

News on the go

On the go: The £333.9m Wates Pension Fund has appointed Russell Investments as fiduciary manager for its £300m defined benefit section.

Are schemes ready to mitigate carbon through their investments?

Reuters

COP26 guidelines dictate four main ways for the world to become net-zero by 2030 through the mitigation of carbon production. The challenge for pension funds is getting to grips with how these can be aligned with their investment process.

Governments should consider green investing incentives, says IMF

Bloomberg

Policymakers should consider providing a financial incentive for sustainable funds as existing capital is “too limited in size and scope” to have a major impact on climate change, the International Monetary Fund has warned.

Capita pension scheme appoints fiduciary manager

News on the go

On the go: The £1.5bn Capita Pension & Life Assurance Scheme has selected Russell Investments as its fiduciary manager after the scheme trustees’ decided to move to an improved investment governance model.

FCA to introduce ‘synthetic’ Libor to ease rate wind-down

News on the go

On the go: The Financial Conduct Authority has announced that some key Libor panels will publish ‘synthetic’ rates to safeguard an “orderly wind-down” of the benchmark interest rates.