All Governance articles – Page 7
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NewsTPR to accept CDC applications from August
The Pensions Regulator has published its draft code of practice governing authorisation for collective defined contribution schemes, and is set to begin accepting applications from August.
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NewsTweaking the charge cap will not solve DC illiquids conundrum
As the government’s consultation on removing performance fees from the charge cap — designed to assist defined contribution schemes looking to invest in illiquids — closed on Tuesday, industry experts have warned that the measure may make very little difference, and may in fact prove counterproductive.
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NewsBorder to Coast updates responsible investment policies
On the go: The £34.6bn Border to Coast Pensions Partnership has published its revised responsible investment policies, which strengthen its voting approach and outline how it will engage to push for positive change from the companies in its portfolio.
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NewsInvestment managers’ boardrooms lagging on ESG
On the go: Investment managers lack environmental, social and governance experience at boardroom level, with less than a quarter having mandatory training for board members, according to new research.
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NewsThe Pension SuperFund revamps executive structure
On the go: The Pension SuperFund has announced the appointment of a new chief executive officer as part of a governance shakeup as it awaits authorisation from the Pensions Regulator.
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NewsDWP tweaks 'stronger nudge' in response to industry complaints
The Department for Work and Pensions has announced several changes to its proposed “stronger nudge” in response to industry concerns, with the aim being to lessen the burden of administering them.
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PodcastsPodcast: DC focus must ‘fundamentally shift’ from costs to value in 2022
Podcast: The focus on defined contribution scheme offerings must “fundamentally shift” from costs to value for money in 2022 if better outcomes are to be achieved. Darren Philp, director of policy and communication at Smart Pension, and Mike Ambery, partner at Hymans Robertson, discuss the DC outlook, expanding auto-enrolment, and reforming Solvency II.
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NewsAccess pool criticised by LGPS board over policy failings
Investment pool Access has earned the ire of the Local Government Pension Scheme Advisory Board, having failed to implement a policy on member representation that was decided in 2017.
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NewsSociété Générale transfers scheme to Aegon Master Trust
On the go: Société Générale has announced the bulk transfer of its trust-based scheme into the Aegon Master Trust, a move it says will “enhance the savings journey” of 4,500 members.
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NewsLGPS seeks UN clarity on Israel investment comments
On the go: The Local Government Pension Committee and the Local Authority Pension Fund Forum are to arrange a call with UN special rapporteur Michael Lynk, seeking clarity over his comments on investments in contested Israeli settlements.
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NewsParliament moves to ban flat fees on small pots
On the go: Regulations have been laid before parliament that will see flat fees banned for pots of under £100, which the government hopes will benefit hundreds of thousands of savers.
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NewsIndustry suggests improvements to climate reporting requirements
Industry experts have broadly welcomed proposals from the Department for Work and Pensions to introduce a suite of new climate and investment reporting requirements, but cautioned that there are still improvements to be made.
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NewsCorporate services company acquires trustee firm PTL
On the go: Zedra, a corporate services and fund solutions company, is expanding its UK pensions offering with the acquisition of trustee firm and governance provider PTL.
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NewsThe challenges facing trustees seeking net zero
More pension schemes are committing to net zero agendas than ever before, but reporting and analysing climate-related disclosure data is no easy task for trustees.
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NewsSolvency II reform could unlock ‘tens of billions’ in investments
On the go: The reform of the EU’s Solvency II requirements would unlock a “Brexit bonus” amounting to “tens of billions” of pounds in long-term infrastructure investment, according to a new report from the Pension Insurance Corporation.
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NewsIndustry group publishes TCFD reporting guidance
On the go: The Pensions Research Accountants Group has published guidance to help practitioners understand the Task Force on Climate-related Financial Disclosures governance and reporting requirements.
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NewsMachine learning can help investors tackle fast fashion ESG issues
The depths of fast fashion’s environmental, social and governance issues make evaluation of the problems difficult, but technological solutions are making it more accessible.
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NewsNest and UBS divest from ‘unresponsive’ energy companies
On the go: Asset manager UBS has jettisoned “unresponsive” energy companies from its suite of climate-aware funds, including one it manages on behalf of Nest.
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PodcastsPodcast: Fiduciary trumps politics if divesting from ‘illegal Israeli settlements’
Podcast: Local Government Pension Schemes looking to divest from Israel should do so on grounds of sustainability and fiduciary responsibility, not because of politics and personal morality, says Richard Butcher, managing director of PTL. He is joined by Ian Neale, Aries Insight co-founder, to discuss divestment, defined benefit funding and ageing populations.
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NewsDB funding code’s bespoke route could reduce schemes’ costs
Forty per cent of FTSE 350 defined benefit schemes will not be sufficiently well funded to opt for the ‘fast-track’ route in the Pensions Regulator’s forthcoming DB funding code, but the bespoke route offers significant cost savings.