A service from DG Publishing
Latest on private markets
Spending Review: Boost for British Business Bank as schemes eye UK opportunities
Chancellor Rachel Reeves has increased the financial capacity of the British Business Bank and announced major spending plans for social housing and regional transport infrastructure.
A step too far? Mandatory UK investment remains a threat after Pension Investment Review
The forthcoming Pension Schemes Bill will give the government the power to force pension funds to invest in the UK.
London CIV backs venture capital vehicle in drive for private equity exposure
The £50bn Local Government Pension Scheme asset pool is the first public sector entity to back the British Business Bank’s planned new venture capital fund for pension investors.
People’s Pension CEO: Why we signed the Mansion House Accord
Patrick Heath-Lay tells Pensions Expert why his master trust is actively exploring private markets allocations in line with the recent Mansion House Accord.
Smart Pension targets £4bn in private markets by 2030
The master trust intends to allocate to private equity, venture capital, renewable energy and technology across multiple industries as it aligns itself with the Mansion House Accord.
Could UK investments be mandated if Mansion House Accord flounders?
The Mansion House Accord appears to have been struck with pragmatism and collaboration, but legal experts are already considering what could happen if this collegiate approach breaks down.
Nest makes first allocations through IFM Investors partnership
The investments follow Nest’s acquisition of a 10% stake in the Australian infrastructure specialist, which was announced in February.
The full text of the Mansion House Accord
The Mansion House Accord was signed by 17 pension schemes and providers as well as the chancellor, the Lord Mayor of London, the ABI and the PLSA.
Fiduciary duty and the Mansion House Accord: Members must come first
The “spectre of mandation” remains despite the landmark voluntary agreement announced this week, according to one lawyer. Pensions Expert rounds up more reactions to the Mansion House Accord.
Mansion House Accord: Signatories urge government to support UK opportunities
Following the announcement of the Mansion House Accord today, the agreement’s signatories have spoken about their intentions and what they expect from the government.
Pensions industry launches Mansion House Accord to boost UK investment
The PLSA, the ABI and the City of London Corporation have announced a voluntary initiative with 17 pension schemes and providers pledging to allocate at least 10% of DC default funds to private markets and at least half of this to UK assets by 2030.
MPs to scrutinise government plans for UK investment
The Work and Pensions Committee will hear evidence from the industry this week around UK investment amid rumours of potential mandatory allocations.
More LTAFs to hit the market as private asset demand surges
Future Capital Partners and Scottish Widows are the latest firms to announce new long-term asset funds as the government hints that pension schemes may face mandation if they do not allocate enough to private markets.
People’s Pension names co-heads of real assets
The People’s Pension has named two co-heads of real assets to boost its efforts to allocate up to £4bn to private markets.
Master trusts increasingly ‘testing the water’ with private markets allocations
LCP research shows master trusts are in step with the government’s drive to invest more in ‘productive finance’ such as private equity and infrastructure.
Aegon adds further LTAFs to default investment offering
Aegon has received regulatory clearance for two long-term asset funds (LTAFs) as it continues to add private markets exposures to its defined contribution master trust.
LPPI commits £500m to new environmental private markets fund
Local Pensions Partnership Investments hired Helena Threlfall last year to run the new strategy, which will invest across private equity, infrastructure, venture capital and natural capital.
Report examines how to benchmark private markets as demand reshapes sector
A lack of usable benchmarks is proving to be a barrier to pension schemes aiming to introduce private markets assets into their strategic asset allocation, according to research by Bfinance.
ACCESS awards more private markets mandates
European and US mandates have been awarded to Arcmont Asset Management and Golub Capital, respectively.
Pensions minister: Big is beautiful - and better
Torsten Bell used his opening address to the Pensions and Lifetime Savings Association’s Investment Conference to reinforce the government’s drive to scale up pension funds.
FCA highlights weaknesses in private assets valuation processes
A review of asset management practices has found conflicts of interest and other issues around how managers value private market assets.
Private markets: DC funds plot 'outsized' UK allocations
Master trust providers plan to back the government’s push for greater investment in productive finance with “outsized” domestic allocations, according to research.
How master trusts could save on private markets investment fees
As it prepares to deploy capital into unlisted asset classes, The People’s Pension has published a report on how to do this in a cost-effective way.
Institutional appetite for private markets on the increase, study shows
A study by Aviva Investors reports that more than half of institutions surveyed expected to increase their allocation to private markets over the next two years.
Aviva Investors launches LTAF for venture capital investment
Aviva Investors has launched a long-term asset fund (LTAF) with a seed investment from the Aviva defined contribution (DC) master trust.
Mandating UK investment would be ‘huge mistake’
Timing of investments into assets such as private equity can play a big role in determining eventual returns, conference panellists argue – so forcing investment will not work.
L&G unveils DC target-date range and private markets LTAF
The financial services giant has also launched a new range of target-date funds under the brand “Lifetime Advantage”.
Innovation Interviews: Border to Coast’s boost for UK business
After winning two awards at last month’s Investment Innovation Summit, Border to Coast’s Mark Lyon explains in more detail how the pool’s new UK strategy supports some of the Mansion House goals.