All Infrastructure articles – Page 9
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FeaturesRoyal Mail diversifies alternatives ahead of planned scheme closure
The Royal Mail Pension Plan has diversified the alternatives investments in its portfolio, adding new private debt and infrastructure funds, while almost eliminating its exposure to equities in one of its sections.
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FeaturesRSA scheme targets buy-and-maintain strategy to derisk
The RSA Insurance Group’s Sal Pension Fund is focusing on buy-and-maintain credit as part of an investment strategy overhaul as the scheme looks to further derisk its portfolio following the results of its latest actuarial valuation.
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OpinionHow will LGPS pooling work in practice?
A flexible approach to pooling will yield better results for the Local Government Pension Scheme, says Aon Hewitt’s Dave Lyons.
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News
MPs press government to incentivise ESG investment
Pension funds should do more to incorporate environmental, social and governance considerations into their investment decisions, a report by the House of Commons’ International Development Committee last week suggested.
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OpinionDebunking five myths about infrastructure debt
From the blog: The global financial crisis has fundamentally changed the way infrastructure projects are funded. Governments have less to spend, while new regulatory constraints have curbed bank lending.
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NewsIn-house management and infrastructure dominate LGPS pooling debate
As the pooling of the Local Government Pension Scheme progresses, some funds have warned of the risks of in-house management and questioned whether infrastructure investment is necessarily a good bet.
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NewsCentrica commits £300m to unleveraged infrastructure equity
Unleveraged infrastructure is a growing part of Centrica Pension Scheme’s portfolio as the fund seeks to access long-term, stable cash flows, but others warn about the regulatory risk associated with the asset class.
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News
Pilkington and EAPF increase infra for long-term returns
In the hunt for yield, the Pilkington Superannuation Scheme has decided to increase its exposure to infrastructure, as investors, including the Environment Agency Pension Fund, continue to seek diversification and return by allocating to this asset class.
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FeaturesNationwide targets 30% in illiquids
The Nationwide Pension Scheme is struggling to find suitable illiquid investments as it targets 30 per cent of its portfolio in the assets, the scheme’s chief investment officer has said.
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News
Hertfordshire joins Access LGPS pool
Hertfordshire County Council Pension Fund has joined with 10 other local authority schemes to launch the £33bn Access asset pool, as Local Government Pension Scheme funds work through the governance implications of pooling.
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News
PiP calls on government to bridge infra gap
The Pensions Infrastructure Platform has called on the government to make UK infrastructure more appealing to investors, in an effort to address the mismatch between government hopes for infrastructure investment and schemes’ need for returns.
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OpinionHow to access private market investments
Mercer’s Tobias Ripka looks at how schemes can use private market investment to achieve their objectives in a highly volatile market environment.
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OpinionA slippery slope
Editorial: European bank shares slid earlier this week as investors became increasingly worried about banks’ ability to pay coupons on so-called coco bonds, or contingent convertible bonds – bonds that turn into equity if a certain trigger event is taking place.
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OpinionInfrastructure projects: The potential and the risks
Michael Wilkins from Standard & Poor’s sets out the key risk factors investors should consider when choosing infrastructure projects.
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OpinionPension funds and insurers share appetite for infrastructure
Solvency II has made it easier for insurers to invest in infrastructure. Elodie Laugel from Axa Investment Managers looks at whether pension schemes now have to expect more competition for deals from this sector.
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News
Project POOL maps the route for LGPS
Pooling assets across the Local Government Pension Scheme could ultimately deliver annual savings of £190m-£300m, according to new analysis that goes some way to giving LGPS funds much-needed clarity.
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OpinionShould Britain’s pension schemes support the UK economy?
From the blog: UK pension schemes have no obligation whatsoever to help the national economy. Pension scheme trustees are legally bound to try and make investments that provide returns to pay pensions. And nothing more.
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News
PiP seedling poised to flower following FCA authorisation
The Pensions Infrastructure Platform has been authorised as an investment manager by the Financial Conduct Authority and is tipped by industry experts to be a top contender in fulfilling the role of “national infrastructure platform” for local authority schemes.
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Features
Shropshire profits from infra but schemes struggle to fill targets
Shropshire County Pension Fund’s infrastructure investment gained 40 per cent during 2014/15, but entry into the asset class remains a challenge for some UK pension funds.
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OpinionInfrastructure opportunity too good to ignore
From the blog: Infrastructure debt is gaining recognition as an asset class that can offer pension schemes stable income-oriented returns over long-term horizons, but accessing this opportunity isn’t always straightforward.