All Investment articles – Page 56
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OpinionUpside down: why trustees should be wary of unexpected outperformance
I would be willing to bet that most investors, particularly pension scheme trustees, wish they had spent more time looking at their true risk exposures before 2020.
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FeaturesWhat is the purpose of pensions?
What is the purposeof pensions?Growing pressure on trustees to ensure fundsare being invested ethically – whatever the costEnterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', 'Helvetica Neue', Helvetica, Arial, sans-serif;}.sh_embed * {-webkit-box-sizing: border-box;-moz-box-sizing: border-box;box-sizing: border-box;}.sh_embed .sh-embed-bg {position: absolute;width: 110%;height: 110%;top: -5%;left: -5%;z-index: -1;background-color: rgba(0,0,0,.8);}.sh_embed #embed_article {display: none;}.sh_embed .sh-embed-img {display: ...
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FeaturesDC Debate: Will Covid rebuilding advance the ESG agenda?
DC Debate: how will Covid-19 impact ESG agenda?After more than a decade spent persuading peers that accounting for environmental, social and governance risks in investment would not cause a drag on returns, some supporters of the ESG investing agenda must have felt vindicated by their survival of 2020's tumbling oil ...
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News
London boroughs add real assets income fund
On the go: The investment pool for London’s Local Government Pension Scheme partner funds has launched a new real assets fund aiming to steadily outstrip inflation, with seed money from the boroughs of Redbridge and Bexley.
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News
Pandemics, climate change pose ‘systemic risks’ to actuarial work
On the go: Global pandemics and the threat of a climate catastrophe present dire risks to the quality of actuarial work, according to a new report by the Joint Forum on Actuarial Regulation.
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News
Fiduciary managers outperform during coronavirus crisis
Analysis: A year after emerging from the scrutiny of the Competition and Markets Authority, fiduciary managers are now embracing transparency to advertise outperformance of traditional advised defined benefit schemes.
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OpinionEconomies of scale: do they exist?
Data crunch: Does size matter? Many fund products come with tiered fee structures, leading to the mantra that the larger the mandate, the lower the unit cost.
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News
Regulator to issue rules for consolidators ‘in the coming weeks’
The Pensions Regulator is shortly to issue interim regulation covering commercial consolidators, Pensions Expert can reveal.
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News
Webinar today: Has Covid-19 blown endgame plans off course?
A key moment is approaching for defined benefit pension schemes, where trustees' investment strategies will be tested on their ability to pay pensions on time, without recourse to cash-strapped sponsoring employers.
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News
Lockdown spikes fears of democratic deficit in LGPS
As the Covid-19 crisis unfolds, there could be a worrying governance and democratic deficit in some local authority pension schemes, with only 27 per cent of councils having virtual pension committee meetings.
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PodcastsPodcast: 'Crystal ball-gazing' makes ethical investment tough for trustees
Trustees aiming to make ethical investment decisions can find it tough to justify them without recourse to a crystal ball, as the legal requirements are ill-defined, says Irwin Mitchell’s pensions partner Penny Cogher. In this episode she’s joined by independent consultant and long-time pensions expert Malcolm McLean for a discussion covering capital-backed endgame deals, the complications of new insolvency laws, and some morally dubious LGPS investments.
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News
Brunel achieves carbon intensity reduction target
Brunel Pension Partnership has achieved its target of reducing the carbon intensity of its active portfolio by 7 per cent a year in time for the UN’s World Environment Day, but smaller schemes saddled with pooled products may lack the clout required to emulate them.
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News
Suffolk holds firm through equity volatility storm
Suffolk Pension Fund has reported a bounceback in its asset values after taking a £327m hit in the first quarter of the year, as experts said it is still legitimate for immature defined benefit schemes to lean on the equity risk premium.
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NewsUSS divests from coal, tobacco and weapons manufacturers
The UK’s largest pension scheme has announced it is to divest from selected coal, tobacco and weapons manufacturers, following years of campaigning by members and activist groups.
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OpinionSegregated mandates – a club for large pension schemes only
With a few exceptions, most pension schemes do not go overboard with the number of asset management products they use.
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News
Morrisons’ shareholders advised to vote against pension payout
On the go: Morrisons’ shareholders have been advised to vote against executive pension payouts, as they are not aligned with the majority of the retailer’s workforce.
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News
Railways scheme among DB backers in biomass plant acquisition
On the go: The Railways Pension Scheme is among the defined benefit pension schemes behind the takeover of Sleaford Renewable Energy Plant in Lincolnshire, led by private equity company Greencoat Capital.
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News
Small scheme bulk annuity deals set for surge in demand
On the go: The number of small scheme buy-ins and buyouts could increase by 25 per cent in 2020, according to research from LCP.
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News
LGPS has £2bn invested in alleged ‘illegal Israeli settlement’ companies
Thirty-three Local Government Pension Scheme funds retain investments worth more than £2bn in arms manufacturers and in companies accused of supporting illegal Israeli settlements, as some of these schemes opt for engagement instead of divestment.
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News
Poor Q1 returns catch up on risky fiduciary managers
Fiduciary managers with heavily equity-based portfolios suffered the heaviest losses in the first quarter of 2020, as the wide variation in strategies continues to provoke discussion about the right level of growth portfolio diversification.