All News articles – Page 10
-
News
Government plots LGPS consolidation through Pension Schemes Bill
Chancellor Rachel Reeves has announced plans to merge local authority pension funds into a “handful of megafunds” to boost their capacity to invest in infrastructure and local assets.
-
News
Is bigger really better? Industry reacts to ‘megafunds’ plan
Chancellor Rachel Reeves has been urged to support trustees’ fiduciary duty and ensure there are sufficient UK assets for her planned “megafunds” to invest in.
-
News
LGPS consolidation: Warning over loss of investment autonomy
With the chancellor set to announce plans to accelerate consolidation among local government pensions, industry commentators say care should be taken to secure progress already made.
-
News
G4S agrees £1.8bn buy-in deal with Just Group
Security group G4S has insured its defined benefit pension scheme through a £1.8bn full-scheme buy-in with Just Group.
-
News
What the LGPS expects from the Mansion House speech
With chancellor Rachel Reeves set to deliver her first Mansion House speech this week, the pension sector is buzzing with speculation about the future of the Local Government Pension Scheme (LGPS).
-
News
The Pensions Regulator publishes rulebook for CDC schemes
The Pensions Regulator (TPR) plans to send collective defined contribution (CDC) schemes annual evaluations setting out risks, actions and the regulator’s planned supervisory “intensity”.
-
News
Utmost completes inaugural buy-in deal
Utmost Life & Pensions, one of the newest insurers to enter the bulk annuity market, has completed a £20m buy-in with an unnamed defined benefit (DB) scheme.
-
News
LGPS update: Border to Coast invests in UK clean energy
Border to Coast has made the first investment from its UK-dedicated investment portfolio launched earlier this year, while ACCESS has reached £50bn in pooled assets.
-
News
Fulcrum to launch latest private markets LTAF
Fulcrum Asset Management is to launch a new long-term asset fund (LTAF) aimed at defined contribution (DC) schemes and other institutional investors, offering a diversified portfolio of private market assets.
-
News
Aegon plots commercial dashboard launch
Aegon is planning to launch a commercial pensions dashboard once the data ‘ecosystem’ for the concept is up and running.
-
News
CDC legislation planned for next year, says pensions minister
Pensions minister Emma Reynolds expects fresh legislation for collective defined contribution (CDC) schemes to be laid next year – but they are not expected to feature “directly” in the pensions bill.
-
News
Bulk annuities update: £510m worth of benefits secured in four deals
Standard Life has secured the benefits of 2,200 people across two buy-ins worth a combined £250m, in a busy week for bulk annuity announcements.
-
News
Why Railpen brought its trading desk in-house
Amid widespread industry debate on consolidation and the benefits of insourcing and outsourcing, Railpen’s Jack Crawley explains how the £34bn scheme internalised its trading function.
-
News
Bitcoin comes to the UK pension sector
An unnamed pension scheme has allocated £1.5m to bitcoin – the first time a UK scheme has invested in the cryptocurrency.
-
News
NatWest insures £11bn through multiple buy-ins
The high street bank has conducted a series of buy-in deals this year, reportedly with Rothesay Life.
-
News
Investment roundup: Aon takes on three major fiduciary clients
Plus: Pension Insurance Corporation backs £54m housing venture, and M&G launches asset-backed securities fund.
-
News
IFS’s Paul Johnson warns of 'big risks' in Budget
Chancellor Rachel Reeves is taking some big risks with her first Budget, according to the director of the Institute for Fiscal Studies (IFS) Paul Johnson.
-
News
Opperman: Consolidation needs to be harder, better, faster, stronger
Former pensions minister Guy Opperman has called for workplace pensions consolidation to be accelerated and extended to include commercial providers and even regulators.
-
News
People’s Pension halves carbon footprint of main default fund
The £30bn People’s Pension master trust has halved the carbon footprint of its primary default investment fund after implementing a major climate-centric allocation shift.
-
News
Budget 2024: Bond managers downplay gilt market volatility
Fixed income experts have downplayed gilt market volatility during and after the Budget announcement yesterday, as chancellor Rachel Reeves announced significant taxation and spending plans.