Latest articles from Maria Espadinha

LGPS funds call on HSBC to reduce fossil fund assets exposure

On the go: Brunel Pension Partnership, Islington Pension Fund and Merseyside Pension Fund are three of the 15 institutional investors that have filed a climate change resolution at HSBC.

UK charities paid £686m in management fees in 2020

On the go: UK charities spent £686m on investment management fees and advice during 2020, according to analysis from Tribe Impact Capital.

LGPS Central launches emerging market debt fund

On the go: The Local Pension Government Scheme partnership has launched a £630m Global Active Emerging Market Bond Fund. 

FTSE 350 pension deficit nearly doubles due to Brexit and Covid

On the go: The accounting deficit of defined benefit schemes for the UK’s 350 largest listed companies finished the year at £70bn, almost double the deficit of £40bn at the end of 2019, according to Mercer’s Pensions Risk Survey.

Bulk annuities growth dependent on ‘jumbo’ deals and consolidators

On the go: While the UK bulk annuity market is expected to continue to thrive in 2021, its significant growth will depend on ‘jumbo’ deals and on the development of the consolidators’ market, according to Aon.

Bulk annuity deals drive insurers to sustainable investments

On the go: UK life insurers could allocate up to £170bn to illiquid investments over the next decade, with a substantial portion focusing on new sustainable assets, according to Fitch Ratings.

Schemes call for extension of regulatory easements

On the go: The majority of pension schemes have said that Covid-19 is not having a detrimental effect on their day-to-day operations, but have called for an extension of regulatory easements, according to new research.

DB schemes to face 120% rise in general levy with new govt proposals

DWP

Defined benefit schemes face a 120 per cent general levy increase by 2024 proposed in a new consultation launched on Wednesday, while master trusts will be granted a different rate.

Maersk scheme completes £1.1bn buy-in with L&G

On the go: The Maersk Retirement Benefit Scheme has agreed to a £1.1bn buy-in with Legal & General, covering the benefits of 1,900 deferred members and 3,000 pensioners.

Aon Retirement Plan completes £510m buy-in

On the go: The Aon Bain Hogg Pension Scheme section of the Aon Retirement Plan has completed a £510m pensioner buy-in with Scottish Widows.