All Investment articles – Page 22
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OpinionLDI turbulence – the case for independent oversight
IC Select founder Roger Brown details how schemes should analyse the advice and asset management received during the liability-driven investment debacle.
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NewsPPF urged to consider FCA authorisation
The Department for Work and Pensions has encouraged the Pension Protection Fund’s board and executive to consider seeking authorisation by the Financial Conduct Authority, either for the PPF itself or for a subsidiary.
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NewsSchemes set to enter 2023 in a ‘challenging position’
UK pension plans are in a challenging position at the turn of the new year, with a catalogue of issues to put right – and quickly, according to analysis.
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FeaturesSchemes target sustainable alternative investments
Analysis: UK pension schemes are among the institutional investors across Europe that have maintained a strong focus on alternatives, particularly infrastructure, as investment activity picked up in November, according to MandateWire data.
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FeaturesSchemes turn their attentions to biodiversity data requirements
Analysis: Greater awareness of the impact of climate change on the environment and ecosystems has prompted most schemes to integrate mitigation measures into their investment processes – and this has now spread to concerns about biodiversity.
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NewsSmart Pension makes first green bond investment with Mirova fund
On the go: The £2bn Smart Pension Master Trust has announced its first green bond investment in the Mirova Global Green Bond Fund.
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NewsTPR warned of ‘levelling down’ in DB funding code consultation
Respondents to the Pensions Regulator’s first consultation on its imminent defined benefit funding code have told the watchdog of their concerns over schemes “levelling down” to meet its fast-track valuation pathway, as well as noting their fears over a loss of flexibility.
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NewsCOP15: Being ‘nature positive’ makes economic sense
On ‘finance day’ at COP15, the message to financial institutions was clear: they must measure what matters and stop investing in companies involved in the destruction of nature.
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NewsSmaller schemes face ‘significant’ costs with TPR DB funding code
While the Pensions Regulator foresees an initial hike in implementation fees followed by reduced costs in the long term, experts have warned that the new defined benefit funding code will be particularly onerous for small schemes.
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NewsBank of England raises interest rates to 3.5%
On the go: The Bank of England has raised interest rates by 0.5 percentage points.
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NewsLGPS funds pile into illiquid alternatives amid soaring inflation
Data crunch: Local authority schemes have committed more than £10bn to illiquid alternatives in 2022 as the hunt for inflation-linked cash flows and attractive returns intensifies, according to MandateWire data.
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NewsTPR rejects claim of having pressured schemes into LDI
The Pensions Regulator has pushed back against a suggestion put to the watchdog by MPs that it pressured some pension schemes towards liability-driven investments, when they did not think LDI was appropriate for them.
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NewsBank of England calls for LDI regulatory action from TPR
The Bank of England has called for more regulatory action from the Pensions Regulator to ensure increased resilience in liability-driven investment funds, while supporting investment consultants becoming regulated by the Financial Conduct Authority.
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NewsTPR ‘dials down leverage’ in DB funding code fast-track
The Pensions Regulator has lowered the amount of leverage that it deems acceptable for schemes to have to meet the requirements for a “fast-track” valuation, as part of its new defined benefit funding code.
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NewsManufacturer claims actuaries ‘almost put us out of business’
On the go: Construction products manufacturer Dixon International Group has told the Work and Pensions Committee that actuarial pressures in relation to its defined benefit scheme “almost put us out of business and several times pushed us into loss”.
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NewsTPR: Valuing some illiquid assets may be ‘impossible’
The Pensions Regulator has warned of the challenges posed by attempting to value illiquid assets, as the government seeks to incentivise defined contribution to increase these investments.
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NewsFCA urges LDI stress-testing in the face of rising buffer costs
The Financial Conduct Authority has called on asset managers to stress-test the “operational consequences” of improved liquidity buffers for liability-driven investment funds, recognising the additional costs that these buffers impose on pension schemes.
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NewsRules to remove DC charge cap fees due in the new year
The government will lay regulations to remove fees from the defined contribution charge cap early next year, one of a number of pensions-related proposals included in the reforms aimed at improving the competitiveness of the UK’s financial services sector.
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NewsHow can schemes help to fix food crises?
Pension schemes have a role to play in addressing food shortages caused by biodiversity risk.