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Latest Investment news
Private debt managers brace for consolidation amid regulatory and operational strain
Almost all private debt managers expect a wave of industry consolidation within five years, according to new research from Carne Group.
LGPS pools back report calling for local investment framework and standards
The report, published by impact advisory firm The Good Economy, was commissioned in response to the government’s drive for pension schemes to invest more in the UK.
Shell outsources pension investment to Goldman in $40bn multi-country deal
The oil giant’s £11.1bn UK pension fund is one of several involved in an international fiduciary management mandate – one of the biggest ever awarded.
Consultants ramp up governance services for DB schemes
Barnett Waddingham and Hymans Robertson are the latest consultancies to add to the menu of options for defined benefit pension schemes.
Government to remove LGPS investment power from Pension Schemes Bill
The government has proposed to remove a paragraph in the Pension Schemes Bill that would have given it the power to direct investments by LGPS asset pools.
Border to Coast invests £67m in North American real estate
The allocation is within the pool’s Global Value-Add Real Estate fund, launched in late 2023 with an initial £370m in assets under management.
Bell fights back as pensions industry unites against investment mandation
Pensions minister Torsten Bell has argued that the proposed reserve power to mandate investments, contained in the Pension Schemes Bill, is necessary because of a “collective action problem” across the industry.
Your Expertise Wanted: Private Assets in Focus
CACEIS, in association with Pensions Expert, is surveying pensions professionals in the DB space to find out about their experiences investing in private markets. Click here to participate in our short survey.
Private markets latest
Private debt managers brace for consolidation amid regulatory and operational strain
Almost all private debt managers expect a wave of industry consolidation within five years, according to new research from Carne Group.
Railpen appoints productive assets leader to oversee innovation investments
The investment manager for the £34bn Railways Pension Scheme has promoted Julia Diez to lead its productive assets investments work.
Should tax relief be dependent on UK investments? Interrogating Ros Altmann’s radical idea
As an incentive for pension schemes to invest more in the UK, former pensions minister Baroness Ros Altmann has suggested making tax relief dependent on domestic allocations. Business and finance journalist Geoff Ho explores her idea and gathers expert reaction.
Investment roundup: GLIL continues Bluefield partnership
Plus: Legal & General and Federated Hermes merge property funds to create £4.7bn vehicle.
ESG and sustainability
Schemes urged to probe asset managers’ net zero commitments
Pension schemes and institutional investors should look beyond industry pledges when assessing whether their asset managers are genuinely committed to net zero.
TPR industry working group to scrutinise ‘practical approaches’ to climate change
The Pensions Regulator is seeking feedback by 1 September on current practices and challenges to inform the industry working group’s approach.
Pension funds under pressure to tackle hidden modern slavery risks
IFM Investors warns that opaque supply chains and weak enforcement are allowing modern slavery to persist in pension portfolios – and calls for coordinated action across the investment ecosystem.
Our pensions system is unfair and inadequate. Will the Pensions Commission fix it?
Finance Innovation Lab chief executive Jesse Griffiths says the new Pensions Commission is a “significant step forward” – but, he argues, the lack of policy direction on long-term ESG issues is a major oversight.
Two UK pension schemes announce new private markets allocations
One DB and one DC scheme announce £100m and £48m private markets mandates, respectively.
2050 net zero goals are ‘no longer realistic’, warns Ortec
New scenario analysis has shown significant economic and investment impacts if the current trajectory of global warming continues, hitting inflation, growth, equities and bonds.
Consultants news
Consultants ramp up governance services for DB schemes
Barnett Waddingham and Hymans Robertson are the latest consultancies to add to the menu of options for defined benefit pension schemes.
Barnett Waddingham acquired by Howden as consultant consolidation continues
The deal boosts Howden’s employee benefits proposition and follows several other acquisitions in the consulting space, including Mercer and Cardano, Gallagher and Redington, and Isio and K3 Advisory.
FCA authorisation for pools ‘costly and time-consuming’, says LGPS board
The LGPS Scheme Advisory Board joins consultants and policy experts in querying the government’s proposals for reforming the Local Government Pension Scheme.