Latest articles from Nick Reeve

Aon and WTW cancel $30bn mega-merger

News on the go

On the go: Aon and Willis Towers Watson have abandoned their planned $30bn (£21.7bn) merger after an intervention from the US Department of Justice.

UK schemes lobby ministers over climate ambitions

Boris Johnson (teaser)

Some of the UK’s largest pension schemes have written to prime minister Boris Johnson and other senior politicians calling for strong action on climate change ahead of the COP26 conference in November.

Pension funds await outcome as Eurostar appeals for govt support

News On the Go

On the go: Eurostar shareholders including Hermes Infrastructure are working with the government to explore funding options for the transport company as it struggles to navigate the coronavirus crisis.

USS at risk of missing 2020 valuation deadline

University graduates (teaser)

The Universities Superannuation Scheme is at risk of missing the statutory deadline for its 2020 valuation, according to its chief executive, Bill Galvin.

Merseyside to shift to alternatives in further climate push

Getty Images

A significant improvement in its funding level has given Merseyside Pension Fund the opportunity to review its asset allocations in favour of ESG investments.

Market volatility to provide more derisking opportunities this year

News On the Go

On the go: Readiness to execute pension risk transfer deals will be key to derisking strategies this year, according to Willis Towers Watson.

DB transfers falling as advice provision declines

News On the Go

On the go: The number of people transferring out of defined benefit pension schemes fell in the 18 months to the end of March 2020, according to new data from the Financial Conduct Authority.

Kier schemes agree cut to deficit contributions as funding improves

The trustees of construction company Kier Group’s defined benefit pension plans have agreed a new payment schedule, to reduce sponsor contributions as the schemes approach full funding.

Unison presses LGPS schemes to work harder on green transition

Workers’ union Unison has called for local authority pension schemes to back ‘green’ causes with dedicated funds as part of their increasing commitment to climate-aware investing.

Police officers warn of age discrimination in McCloud remedy

The government’s proposed remedy for the McCloud/Sargeant age discrimination cases fails to address the issue in a “fair and non-discriminatory manner”, a group of police officers has warned.