Welsh local authority pension funds have made progress on mapping the road towards pooling their assets, but along with their peers are awaiting further details on the criteria around governance, size and cost.
Latest articles from Sarah Cowburn
Welsh local authority pension funds have made progress on mapping the road towards pooling their assets, but along with their peers are awaiting further details on the criteria around governance, size and cost.
News analysis: Disclosures on fossil fuel investments by local authority schemes have demonstrated the tension between managing the material risks of climate change and upholding fiduciary duty to members.
Any Other Business: John McDonnell has laid bare his plans to end austerity and tackle the deficit by taxing the rich.
Technology and engineering conglomerate Smiths Group has reported a significant improvement in the funding position of its defined benefit pension schemes after pursuing a stringent eight-year derisking campaign.
Irn-Bru owner AG Barr’s pension scheme deficit deteriorated by £18.4m in the year to January, but it anticipates key manoeuvres including an asset-backed funding plan will support its long-term funding position.
The Pension Protection Fund has revised down its aggregate levy requirement for 2016/2017 but has urged schemes to continue to focus on risk reduction.
Analysis: As the divestment movement garners legislative backing in the US, how should UK pension funds respond to the long-term risks of holding fossil fuel stocks?
The owner of Durham Tees Valley Airport is undertaking a review of the aviation hub's membership of Teesside Pension Fund and overall benefits structure in a wider push to curb company losses.
Any Other Business: Jeremy Corbyn romped to victory in the Labour leadership campaign over the weekend, prompting widespread resignations from senior party members unwilling to work under the left-wing veteran backbencher.
Teething issues following an administration overhaul at South Yorkshire Pensions Authority has delayed the delivery of members’ annual statements, amid a challenging backdrop of wider fundamental reform across the Local Government Pension Scheme.
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