All Investment articles – Page 25
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NewsStrikes ‘likely’ over TfL pension changes as funding deal reached
Changes to the TfL Pension Fund will be required as part of a financial support package agreed between the government, Transport for London and the mayor of London, with a plan to be presented in September. But unions have rejected the deal, and warned that more strikes are “likely”.
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NewsRising rates pose challenges for closed DB schemes’ LDI portfolios
While interest rate and inflation hedges have helped many defined benefit schemes stabilise their funding positions, the current macroeconomic environment is creating challenges for some closed plans, which might not have the necessary collateral in place to meet high payments.
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NewsPrivate markets managers ‘failing to provide climate data’
On the go: Private markets managers “seem generally unprepared to support clients” with the data they need to meet their Task Force on Climate-related Financial Disclosures requirements, Hymans Robertson has said.
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NewsTPR: ‘Keep asking questions’ about investment strategies
On the go: The current economic malaise, and especially the impact on liability-driven investments now interest rates are rising, proves it is especially important that trustees continue to ask questions about their investment strategies, even if they seem “silly”, says Fred Berry, the Pensions Regulator’s lead investment consultant.
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NewsBexley Pension Fund appoints investment consultant
On the go: The £1bn London Borough of Bexley Pension Fund has selected Redington as investment consultant, having launched a procurement process in early March.
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NewsNew funding proposals threaten ‘the demise of DB schemes’
New defined benefit funding rules may lead to “potentially severe outcomes”, consultancy LCP has warned, while Mercer has predicted that the regulations would “accelerate pension liability buyouts and the demise of DB schemes”.
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NewsAre record energy profits creating an ethical quandary for trustees?
By Tom Higgins | August 12, 2022
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NewsWest Yorkshire Pension Fund averts recruitment crisis
On the go: The £17.8bn West Yorkshire Pension Fund has made three senior appointments to its in-house investment team in response to ‘critical’ staffing issues that occurred last year. It has also weighed up the risk of handing assets over to external managers in the future.
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NewsCalls for stewardship code to engage members as well as managers
On the go: The Financial Reporting Council’s stewardship code must “look both ways” and engage members as well as asset managers in developing guidance and standards, according to fintech company Tumelo.
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NewsRailpen stands by investment in Chinese government debt
The manager of the Railways Pension Scheme has stood by the scheme's decision to invest in Chinese government bonds in 2021, despite allegations of human rights abuses committed by the country's government.
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NewsUnisys schemes appoint Cardano as fiduciary manager
On the go: The Unisys Pension Scheme, the Unisys Payment Services Pension Scheme (Unisys Section) and the Unisys Public Sector Pension Scheme have appointed Cardano as fiduciary manager.
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NewsRoyal London profits slump due to market volatility
Royal London has posted a pre-tax loss of £228mn for the first half of the year due to falls in equity and bond markets.
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NewsExperts warn schemes of recession and inflation risks after BoE rate rise
The Bank of England has announced its highest rate hike in 27 years, lifting its base rate by 0.5 per cent to 1.75 per cent in a bid to control rising inflation, with warnings of an imminent recession creating fresh challenges for UK pension schemes.
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NewsTPR revamps guidance on fiduciary management tender processes
The Pensions Regulator has published updated guidance on the tender process for fiduciary management services and trustees, setting objectives for investment consultants as it prepares to take over regulation of these duties this autumn.
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NewsNest invests £200mn in offshore wind farm
On the go: The £24bn National Employment Savings Trust has acquired a stake in an offshore wind farm.
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NewsRailpen takes joint majority stake in battery energy storage platform
On the go: The Railways Pension Scheme, which manages more than £37bn in assets, has jointly acquired a majority stake in a battery energy storage company with the Alberta Investment Management Corporation.
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OpinionWhy are annuities making a comeback for pensioners?
With annuities being revamped, Guiide founder Kevin Hollister asks if a pension product that got so much hate could be enjoying a revival.
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PodcastsPodcast: Ball in TPR’s court as DB funding code consultation launches
Podcast: The consultation into the defined benefit funding code by the Department for Work and Pensions hints at a prescriptive regime to come, but the Pensions Regulator must improve on its “rubbish” code of practice draft, according to Zedra client director Richard Butcher. He and Hymans Robertson partner Laura McLaren discuss the next steps, stronger nudge concerns, and assess the health of pensions post-Maxwell.
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NewsPandemic damage mitigated as quarter of schemes are in surplus
More than a quarter (27 per cent) of defined benefit and hybrid schemes with tranche 15 valuations were in surplus on a technical provisions basis, despite the market shock of the Covid-19 pandemic, according to the Pensions Regulator’s latest scheme funding analysis.