Latest articles from Nick Reeve

USS warns of ‘complex’ issues in response to JEP report

News On the Go

On the go: The Universities Superannuation Scheme has welcomed reform proposals put forward by an independent panel, but has warned that the issues are “complex” and may take some time to resolve.

CMA approves fiduciary performance measurement standard

News On the Go

On the go: The Competition and Markets Authority has approved a performance measurement standard to be used by fiduciary management providers.

USS expert panel calls for dual discount rate in 2020 valuation

The Universities Superannuation Scheme Joint Expert Panel, set up to review the valuation of the scheme, is calling for a “dual discount rate approach” to the 2020 valuation, aimed at distinguishing between past and future accrual.

Elections 2019: Pension reforms expected after Tory majority

Sweeping pension system reforms are expected following the Conservative party’s comprehensive victory in Thursday’s general election, with more powers coming for the regulator, a tax review for the higher and lower paid, and experts calling for more work on retirement adequacy.

Brunel appoints managers for £2.6bn alpha equity mandate

News On the Go

On the go: The Brunel Pension Partnership has appointed five managers to run a £2.6bn Global High Alpha fund for its 10 Local Government Pension Scheme clients.

DB schemes move to formal long-term planning as regulation bites

News On the Go

On the go: Defined benefit pension funds are increasingly focusing on a long-term, formalised endgame or funding target, according to research by PwC.

USS urged to consider expert report in next valuation

UK universities and staff have called for the UK’s biggest pension fund to ensure its 2020 valuation process fully considers a forthcoming report from an independent panel of experts.

Tesco poaches LGIM equities chief

Tesco (shopfront)

Tesco is building an in-house fund management team, beginning with Legal & General Investment Management’s (LGIM) Ian King, to manage its equity portfolio.

Double opportunity

With a decade of experience in real estate investments, Ben Jones now combines property with fixed income to offer long-term investors security as well as growth. He talks to Nick Reeve

Fees: all take, and no give

Two reports into fund management have slammed the charges managers apply to their funds, claiming they often exceed the funds’ returns.