On the go: The Competition and Markets Authority has updated its timeline for compliance with orders in its investigation into the investment consultant and fiduciary management sector, reminding trustees that they have until January 7 2021 to submit statements to the markets regulator.
Railways scheme among DB backers in biomass plant acquisition
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June 1, 2020
On the go: The Railways Pension Scheme is among the defined benefit pension schemes behind the takeover of Sleaford Renewable Energy Plant in Lincolnshire, led by private equity company Greencoat Capital.
Global Pensions Wrap: June edition
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May 29, 2020
From fears over a ‘massive hit’ to portfolios as the US takes aim at Chinese businesses, to the Australian financial regulator being urged to probe the country’s superfunds industry. Read our round-up of pensions and finance news from the FT’s global outlets.
Chair’s statement template to ease trustee headaches
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May 28, 2020
On the go: The Pensions and Lifetime Savings Association has released a new template designed to help trustees of well-run defined contribution schemes avoid being caught out by chair’s statement requirements.
Banking association scheme signs £95m buy-in
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May 28, 2020
On the go: The defined benefit scheme of the British Bankers’ Association has entered into a £95m buy-in agreement with insurer Aviva, covering 213 members’ benefits.
3i buys in £650m across pensioners and deferreds
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May 27, 2020
On the go: Private equity and infrastructure group 3i has announced a £650m buy-in with Legal & General.
Consumers unaware of pensions’ ESG power
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May 26, 2020
On the go: The majority of consumers take steps to improve the sustainability impact of their daily lives, but fail to apply these lessons to their finances, according to a new study by master trust Nest.
Smart eyes alts allocations after Natixis backing
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May 26, 2020
On the go: Master trust Smart Pension has attracted investment from asset manager Natixis, in a strategic partnership that the companies hope will see members gain access to the fund house's suite of alternative strategies.
BEIS-backed clean growth fund seeks pension capital
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May 21, 2020
On the go: The Department for Business, Energy and Industrial Strategy is seeking to attract pension fund investment to a “clean growth” venture capital fund it has seeded with CCLA Investment Management.
Regulator warns employers exploiting Covid flexibilities
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May 20, 2020
On the go: The chief executive of the Pensions Regulator has assured MPs that despite its decision to pause enforcement activities, it will make exceptions for employers who treat its intervention as anything other than a temporary cash flow aid.