All Investment articles – Page 68
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FeaturesNuclear scheme calls out Prudential for poor value and switches
Trustees of the Combined Nuclear Pension Plan have dropped Prudential as their defined contribution provider, after member-borne charges for its default and other options were rated "poor" in an assessment of value for members.
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News
CMA takes final step in reform of fid man and consultancy sectors
On the go: The Competition and Markets Authority has issued a legally binding order requiring investment consultants and fiduciary managers to provide clearer information about what their customers are getting for their money.
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News
Trustees face tougher ESG disclosure rules from 2020
On the go: Regulations have been laid in Parliament today that impose tougher disclosure rules for trustees on their stewardship and engagement policies.
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News
Investor not warned before Woodford locked in its cash
On the go: Kent County Council’s pension fund claimed on Tuesday it was not warned of Woodford Investment Management’s intention to cease trading, as the investment manager locked in investors’ cash to its flagship fund.
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News
ESG risks could mean shallow returns for fish farming investors
On the go: Climate change could cripple the $230bn (£182bn) aquaculture industry, posing a hazard to pension fund investors, a new report by the Farm Animal Investment Risk and Return Initiative has revealed.
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News
AMNT blasts managers’ ‘blanket refusal’ to accept scheme voting policies
On the go: The Association of Member Nominated Trustees has lodged a formal complaint with the Financial Conduct Authority as asset managers of pooled funds, in almost a “blanket refusal”, are not accepting the stewardship voting policies of their pension scheme clients.
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News
Schemes set to face UK credit capacity crisis
On the go: With two-thirds of FTSE 350 pension schemes in negative cash flow, fears are mounting that there may not be enough high-quality assets to go around.
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OpinionDavey: ‘Addicted’ schemes should lead way in decarbonising capitalism
Liberal Democrat MP Sir Ed Davey launches a rallying call for pension funds “addicted” to carbon dividends to tackle the elephant in the room and align portfolios with the Paris climate agreement.
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News
Ex-energy secretary: Force divestment from companies flouting Paris accord
Former energy secretary Sir Ed Davey outlined his “radical but practical” vision to tackle climate change in Westminster on Wednesday, as cross-party pressure mounts on the government to take action.
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News
Templates launched to improve cost transparency in £2tn industry
On the go: The Cost Transparency Initiative has unveiled its templates and guidance for asset managers and suppliers of services to pension schemes, encouraging reporting of costs and charges in a standardised format so trustees can easily compare managers and asset classes.
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News
Return to equities not a sign of volatility ending, consultants say
Data crunch: UK pension fund allocations to equities ticked upwards in the first quarter of 2019, according to data collected by Pensions Expert’s sister title MandateWire, as managers sought to capitalise on falling prices in late 2018.
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FeaturesUMSS focuses on sustainability with new equity manager appointments
The £609m University of Manchester Superannuation Scheme has appointed two new equity managers who invest in companies picked on sustainability grounds.
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NewsPIPA 2019 winners revealed
The 20th anniversary edition of the Pensions and Investment Provider Awards saw 25 companies crowned best in the business.
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OpinionHow to navigate hypervolatility in equity markets
From the blog: The exceptional degree of volatility in global financial markets signals a new and uncertain phase in equity markets, according to BNY Mellon Investment Management’s Shamik Dhar.
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Features
Phoenix moves to simplify own scheme's benefits with PIE
Nearly two fifths of eligible pensioners in a scheme sponsored by Phoenix Group have accepted a pension increase exchange offer, which has shaved about £20m from the bulk annuity insurer's defined benefit liabilities.
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OpinionSchemes are now part of a sea change in ESG investing
Editorial: Pension funds are set to engage with issues such as climate change more than ever before, as regulatory developments and increased awareness push environmental, social and governance considerations up the agenda.
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FeaturesUSS targets steady returns with KCom investment
The actions of bellwether schemes like the £64bn Universities Superannuation Scheme are always closely watched, but scrutiny on USS is particularly acute after widespread strike action last year. Last month, the UK’s largest private plan agreed a £504m cash takeover of telecoms business KCom.
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Features
Anglo American dials down equities even further
The UK defined benefit schemes of mining multinational Anglo American have halved their already minimal exposure to equities, as the plans near self-sufficiency and reduced risk.
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Features
Visa scheme cuts lifestyles and introduces white-labelling
Trustees of the defined contribution Visa Europe Pension Plan have reduced the number of lifestyle strategies on offer and introduced white-labelled funds for the first time, one of which invests in direct and listed property.
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OpinionFixed income’s new world: Flexible, absolute return and the rest
Data crunch: Broadridge Financial Solutions’ Jonathan Libre takes a look at the increasingly complex range of fixed income products on the market, warning schemes to disregard marketing and look under the hood at funds.