Survivors of same-sex civil partnerships and same-sex marriage will receive the same survivor benefits as those provided to widows under new proposals for the Local Government Pension Scheme.
FCA to carry out further research on contingent charging
|
October 4, 2018
The Financial Conduct Authority has said it needs to carry out more analysis on whether to ban contingent charging, recognising that charging for advice only when a member decides to transfer does not in itself drive poor outcomes for consumers.
LGPS pools see opportunity in housebuilding push
|
October 4, 2018
Chairs of Local Government Pension Scheme asset pools have stated their willingness to provide capital for housebuilding in the UK, but insisted any real estate investments will be viewed through a financial, rather than a political, lens.
ESG confusion hindering smaller schemes
|
October 2, 2018
Smaller pension schemes lack the governance, investment choice and concrete understanding required to properly engage with environmental, social and governance factors, according to the Pensions Policy Institute.
When member engagement should take a knee
|
October 1, 2018
From the blog: Pension schemes are under increasing pressure to invest responsibly. On this side of the pond, this discourse largely revolves around environmental and social investment.
But in the US, ethical investing has taken a very different shape at one fund. Last month, a retired police officer called upon the council responsible for New Jersey's public pension fund to review its holdings in sportswear giant Nike.
Marty Barrett, who sits on the board of trustees for the Police and Firemen’s Retirement System of New Jersey, reportedly objected to a Nike advertisement featuring American football star and civil right campaigner Colin Kaepernick.
How should scheme liabilities be measured?
|
September 28, 2018
Analysis: The industry is unlikely to ever reach a consensus over the methods of scheme liability valuation, judging by the lively debate surrounding the subject.
Transaction costs make up quarter of management fees
|
September 26, 2018
Some of the largest pension funds in the world are paying an average of 86.3 basis points in total annual investment costs, with 24 per cent of these fees made up of transaction costs, according to new research.
Kent cuts passive equities for private equity and infra
|
September 25, 2018
The £6.2bn Kent County Council Superannuation Fund has moved capital from UK passive equities into private equity and infrastructure. The fund narrowly missed its benchmark for returns in the year to March 2018, after underperformance from equity and fixed income mandates.
Islington scheme to wind down carbon investment
|
September 24, 2018
The London Borough of Islington Pension Fund has agreed to reduce its investment in fossil fuels, following lobbying efforts from local environmental activist group Fossil Free Islington.
Handful of schemes in advanced talks with Pension SuperFund
|
September 21, 2018
The Pension Superfund has engaged in serious dialogue with approximately a dozen pension schemes with a view to them transferring into the defined benefit consolidator, according to its new chief executive.