All Investment articles – Page 51
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OpinionDriving the ESG agenda through fixed income
BlueBay Asset Management chief investment officer Mark Dowding details how pension schemes can drive the environmental, social and governance agenda through their investments in the bond market.
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NewsCost Transparency Initiative sees 23% spike in schemes’ uptake
On the go: The Cost Transparency Initiative has recorded a 23 per cent increase in uptake during the past year, with 79 per cent of pension schemes now making use of its framework.
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NewsDC funds must move away from passive corporate bond allocations
On the go: Defined contribution funds should follow defined benefit schemes and insurance companies in moving away from passive corporate bond allocations to improve climate resilience and member outcomes, according to Axa Investment Managers.
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PodcastsPodcast: Pension schemes’ under-allocation to China is ‘anachronistic’
Podcast: UK pension schemes are too often under-allocated to China and missing out on the significant opportunities presented by its continued growth and development. There are, however, lingering environmental, social and governance concerns around investing in the “nominally communist” state, says RisCura investment consultant Lars Hagenbuch. He is joined by SEI Investments director Cyprian Njamma in an episode also covering Covid-19 mortality data and the Pensions Regulator’s proposed asset information reform.
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NewsFRC slaps DB scheme auditor with £125,000 fine
A chartered accountancy firm and one of its partners have been slapped with a hefty fine for “pervasive failures” in the manner in which they conducted an audit of Associated British Engineering, which included shortcomings in the audit of the company’s defined benefit pensions scheme liabilities.
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NewsFCA to require TCFD reports from providers and asset managers
On the go:The Financial Conduct Authority is to consult on the introduction of Task Force on Climate-related Financial Disclosures requirements for schemes it regulates, bringing its regulations into line with those proposed by the Department for Work and Pensions.
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NewsFinancial bodies call for new online scam rules
On the go: Seventeen groups have joined forces to warn about online scams and lobby the government to include methods to tackle this issue in its upcoming online safety bill.
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NewsDC savers face retirement shortfalls as growth forecasts dip
On the go: Millions of workers face life-changing retirement shortfalls, as lower growth forecasts are set to wipe a third off pot values, according to new research.
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NewsJPMorgan AM urges investors to globalise real asset portfolios
On the go: JPMorgan Asset Management has advised investors to globalise real asset allocations to avoid price volatility in times of crisis.
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NewsBorder to Coast commits to private credit
On the go: The Border to Coast Pension Partnership, which handles the assets of 11 Local Government Pension Schemes worth a total of around £46bn, has made commitments of more than £575m to six private credit funds.
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NewsBrunel pool lowers carbon intensity
On the go: The Brunel Pension Partnership, composed of 10 Local Government Pension Schemes with around £30bn in assets under management, has reduced the carbon intensity of all its active portfolios and all but one of its index-tracking portfolios by at least 7 per cent compared with its 2019 baseline.
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NewsMPs demand Sunak addresses mineworkers’ scheme issues
On the go: The Business, Energy and Industrial Strategy Committee has called on the government to bring its approach to the Mineworkers’ Pension Scheme into line with its “levelling up” agenda, branding the current arrangement “antithetical” to that policy.
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NewsUK pension schemes under-allocated to Chinese equities
UK pension schemes’ allocation to China as a percentage of global equities is generally inadequate, but there is no consensus as to how big the allocation should be, according to participants at Camradata’s Investing in China roundtable.
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NewsTPR takes trustees to court over employer loans
On the go: The Pensions Regulator is taking two pension trustees to court over allegations they made prohibited loans from a company pension scheme to its employer.
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NewsUSS targets net-zero emissions, MPs launch stewardship inquiry
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with the Universities Superannuation Scheme targeting net-zero carbon emissions, the Work and Pensions Committee launching an inquiry into stewardship, and COP26, and new research showing that almost half of savers would prefer greener pensions.
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OpinionLong-term funding: Are we on the right track?
River and Mercantile’s co-head of solutions, Ajeet Manjrekar, details a three-step plan that allows schemes to have a derisking framework consistent with regulatory expectations, while enabling effective decisions.
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NewsEuropean asset owners fire warning shots across fund managers’ bows
On the go: Institutional investors in Europe are set to ditch fund managers they deem are both charging too much and providing unsatisfactory levels of reporting and transparency.
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NewsLGPS pool launches renewable infrastructure, private debt funds
On the go: London CIV, which oversees £12.6bn on behalf of 32 London Local Government Pension Schemes, has launched a renewable infrastructure fund and a private debt strategy.
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PodcastsPodcast: Illiquids not necessarily the answer for DC
Podcast: Illiquid asset classes might seem attractive in theory, but there would be difficulties establishing them in a defined contribution pension portfolio, even if all the regulatory burdens were removed. Brian Henderson, partner and director of consulting at Mercer, is joined by Shola Salako, professional trustee at Dalriada, to discuss alternatives, putting the S in ESG, and fixing the problems with chair’s statements.
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NewsTPR, PPF propose tiered approach in asset information reform
The Pensions Regulator and the Pension Protection Fund have issued a joint consultation into proposals to change the asset class information TPR collects via the scheme return.