All Investment articles – Page 27
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NewsBT sets 5-year carbon goal, Islington updates net zero targets
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including new decarbonisation targets from the £57.5bn BT Pension Scheme, an update to the £1.4bn London Borough of Islington Pension Fund’s responsible investment policy, and the Financial Conduct Authority’s delay to plans for sustainable investment labels.
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NewsDWP’s consultation on DB funding regulations expected in July
On the go: A long-awaited Department for Work and Pensions consultation into regulations underpinning the new defined benefit funding code is expected towards the end of July, putting the code on track to launch in late 2023, according to a spokesperson from the Pensions Regulator.
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NewsAon and Mercer issue ‘urgent’ call to action over LDI strategies
Consultancies Aon and Mercer have urged pension schemes, trustees and sponsors to prepare to intervene to protect their schemes, as bond market volatility puts strain on liability-driven investment strategies.
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NewsSPP warns of covenant ESG risk, Scottish Widows issues ultimatum
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the Society of Pension Professionals’ new guide to ESG, and Scottish Widows’ stewardship demands of its asset managers.
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NewsSchemes and asset managers told to buck up stewardship
On the go: Pension schemes and asset managers should embed stewardship “in every aspect of their relationship”, the Investment Association and the Pensions and Lifetime Savings Association have said.
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NewsTwo-thirds of small schemes unaware of VfM requirements
On the go: The majority of schemes with less than £100mn in assets were unaware of their new value for money duties, with the Pensions Regulator prompting these pension funds to “either wind up or take prompt action to make improvements”.
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NewsOne in 10 pause contributions due to cost of living crisis
On the go: Around one in 10 savers have cut back or stopped contributing to their pension as a result of stagnant wages and inflation, according to a new report.
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NewsTrustees urged to include ESG factors in covenant assessment
On the go: Accounting for Sustainability and the Employer Covenant Practitioners Association have teamed up to launch a “top tips” guide for considering environmental, social and governance risk in the employer covenant process, hailed by the Pensions Regulator chair Sarah Smart as “an important first port of call for trustees”.
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NewsFCA supports regulation of ESG ratings
On the go: The Financial Conduct Authority has expressed its support for the regulation of environmental, social and governance data and ratings agencies after consulting the industry.
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OpinionInflation protection for pension scheme benefits
LPX AG managing director Robin Jakob explains how high inflation is posing a significant worry for defined benefit scheme investments and why core infrastructure can provide better protection.
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NewsOPSC: fund managers should vote according to client’s expressed view
On the go: The Occupational Pensions Stewardship Council has released a report arguing for communication between schemes and fund managers on their voting intentions, and outlining the communication that schemes should undertake to make their requirements known to funds.
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NewsONS reveals schemes’ overseas investments and assets
On the go: The Office for National Statistics has published data on UK-funded occupational pension schemes’ overseas assets and direct investments for the first time.
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NewsProviders to engage with members on ESG under ‘green nudge’ trial
On the go: Smart Pension, Aviva and Hargreaves Lansdown will be encouraging members to learn more about making greener pension choices under a new trial.
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NewsSchemes start to gather learnings from first TCFD reports
As the first group of UK schemes have completed their Task Force on Climate-related Financial Disclosures reports, they have been challenged by the long process, incomplete and inconsistent data, and lack of mandatory reporting from fund managers.
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NewsUSS launches £1bn asset-backed securities push
On the go: The £90bn Universities Superannuation Scheme has launched an in-house mandate to invest in asset-backed securities.
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NewsDWP gives schemes greater scrutiny of asset managers on voting
Pension schemes will be able to use the asset manager tender process to challenge prospective managers on how they would vote on shareholder resolutions, the government has said.
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NewsGreater Gwent Pension Fund reports £137mn loss in Q1
On the go: The Greater Gwent Pension Fund has reported a loss of £137mn in the first quarter of 2022, mainly due to the global economic climate.
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NewsBank of England raises interest rates to 1.25%
On the go: The Bank of England has raised interest rates for the fifth time in a row to 1.25 per cent.
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NewsNest seeks ESG provider, IIGCC releases infra net zero guidance
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including Nest’s tender for an ESG data provider, and the Institutional Investors Group on Climate Change’s new net zero guidance for infrastructure investments.
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NewsLGPS advisory board chair appeals for infrastructure clarity
On the go: The government needs to provide a clearer definition of the kind of infrastructure investment it wants public sector schemes to carry out as part of its levelling up agenda, the chair of the Local Government Pension Scheme advisory board has said.