All Investment articles – Page 41
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NewsTPR’s ESG guidance raises industry concerns on privacy and penalties
The Pensions Regulator’s draft guidance on climate change reporting and governance is not sufficiently clear on what constitutes compliance, and the watchdog needs to provide clarity on its approach to discretionary penalties, the Society of Pension Professionals has warned.
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NewsNest to invest 5% of assets in private equity
On the go: The government-backed master trust Nest plans to allocate 5 per cent of its total assets to private equity, which is estimated to be worth £1.5bn by the end of 2024.
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NewsIndustry bodies to 'develop the case' for DC illiquid investments
Industry bodies including the Pensions and Lifetime Savings Association, the Association of British Insurers and the Investment Association will “develop the case” for defined contribution schemes to invest in less-liquid assets, as part of a push to secure “long-term value” for its members.
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NewsMajority of climate-themed funds are misaligned with Paris goals
More than half of climate-themed funds in the market are misaligned with the goals of the Paris Agreement, with State Street Corporation, UBS Group and BlackRock having the highest negative scores, new research has shown.
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OpinionDC members must reassess passive approaches to achieve climate goals
AXA Investment Managers’ head of portfolio solutions for fixed income Sebastien Proffit explains why defined contribution investors should have a more active approach in their investments to be able to tackle climate risks.
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NewsTPR to amend single code as industry slates new requirements
The Pensions Regulator’s combined code of practice has been dealt a blow after widespread industry criticism forced it to scrap new rules on unregulated investments, while the fate of its proposed “own risk assessment” remains uncertain.
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NewsPeers valued for ESG guidance as data concerns hamper reliability
When it comes to guidance on environmental, social and governance matters, pension professionals prefer to rely on their peers instead of asset managers, consultants and industry bodies, as clear messaging is dependant on transparent data, experts say.
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NewsNest hires strategic investment research services firm
On the go: The government-backed master trust Nest has hired a company to provide strategic investment research services.
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NewsDC providers default funds weather ‘torrid’ 2020
A new report from Punter Southall has revealed the best-performing defined contribution default providers during Covid-19, with Nest and L&G leading in the consolidation phase, Smart Pension topping cumulative performance in the growth phase, and L&G Multi Asset doing best in the retirement phase.
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NewsHousing associations to suffer following SHPS valuation
On the go: Housing associations are facing average contribution rate increases of 17 per cent following the Social Housing Pension Scheme’s 2020 valuation, a full 50 per cent higher than expected under the current deficit repayment plan, LCP has said.
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NewsTPR to prosecute former owner of Norton Motorcycles
The Pensions Regulator has announced its intent to prosecute the former owner of Norton Motorcycles for illegally investing money into the business from three pensions schemes of which he was the sole trustee.
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PodcastsPodcast: Covid-19 could have killed the PLSA
Podcast: The Pensions and Lifetime Savings Association “could have died” from the financial damage wrought by the Covid-19 pandemic, and was only saved thanks to prudent long-term planning. Richard Butcher, managing director of PTL, reflects on his tenure as PLSA chair in an episode covering guaranteed minimum pensions guidance, master trusts and bespoke indices for environmental, social and governance investments.
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NewsFederated Hermes agrees to acquire remaining interest in HFML
On the go: Federated Hermes agreed on Thursday to obtain the remaining 29.5 per cent interest in Hermes Fund Managers Limited held by the BT Pension Scheme.
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NewsBorder to Coast completes Emerging Markets Equity Fund restructure
On the go: The circa £24.7bn Border to Coast Pensions Partnership, which handles the assets of 11 Local Government Pension Scheme funds worth a collective £55bn, has finalised the transformation of its Emerging Markets Equity Fund.
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OpinionLiability-driven investing in a low-yield environment
Western Asset’s product specialist and economist, Michael Bazdarich, explains how liability-driven investments can be an effective tool for pension schemes, even in a low-yield environment.
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NewsUltra pension scheme set for £100m acquisition windfall
On the go: A proposed £2.57bn cash acquisition by Cobham Ultra Acquisitions of Ultra Electronics Holdings will see the defence company’s defined benefit scheme receive an extra £100m in funding.
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NewsMerger with WTW would have been a good deal, says Aon CEO
On the go: Aon chief executive Greg Case continues to argue that the merger with Willis Towers Watson would have been a good deal for the UK pensions market.
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NewsHaringey Council scheme commits to London Fund
On the go: The circa £1.6bn London Borough of Haringey Council Pension Fund has invested £45m in The London Fund, the property and infrastructure fund established by the London CIV and Local Pensions Partnership.
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NewsDaily Mail pension schemes to benefit from RMS sale
On the go: Daily Mail and General Trust pension schemes could stand to benefit from the £1.4bn sale of insurance risk business RMS to Moody’s that is part of a broader restructuring at DMGT.
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NewsNorfolk County Council fund extends passive management
On the go: Norfolk County Council, acting on behalf of its own circa £3.6bn pension fund and a number of other UK Local Government Pension Schemes, has extended the duration of its passive investment management services framework and transition management and implementation services framework for an additional year as a result of the Covid-19 pandemic, according to notices on the Official Journal of the EU.