All News articles – Page 153
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NewsEngagement drives progress to ‘net-zero’
On the go: Engagement has been key to embedding sustainability across investment strategies, and driving progress towards a “net-zero by 2050 target”, according to a new report from Kempen Capital Management.
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NewsIndustry calls again for clarity as TPR criminal consultation closes
The pensions industry has once again united in its calls for clarity as a consultation into the scope and application of the Pensions Regulator’s new criminal powers comes to a close.
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NewsTreasury committee calls for ESG regulations for smaller schemes
On the go: The Treasury committee published on Thursday a unanimously agreed report as part of its decarbonisation and green finance inquiry, which calls for environmental, social and governance regulations for smaller schemes.
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NewsMPs quiz prospective TPR chair over conflicts of interest
The Work and Pensions Committee has questioned the leading candidate to take over as chair of the Pensions Regulator regarding potential conflicts of interest.
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NewsAlmost £2m lost to pension fraud so far in 2021
On the go: Action Fraud is warning savers to remain vigilant and protect their pensions, as new research from the national reporting centre for fraud and cyber crime reveals that £1.8m has already been lost to pension fraud in 2021.
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NewsEnvironment Agency to go net-zero, LGPS pool backs ESG framework
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with the Environment Agency Pension Fund targeting net-zero carbon emissions, and the Border to Coast pool supporting a framework for standards in alternative assets.
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NewsMelrose to cut GKN pension deficit with asset sale
On the go: Industrial company Melrose is to further its commitment to cutting the GKN pension deficit by pledging an additional £100m of money raised from the sale of one of its subsidiaries.
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Schemes to spend £1.5bn on GMP equalisation past transfer top-ups
New research from Buck suggests the bill for equalising guaranteed minimum pension benefits in past defined benefit scheme transfers continues to grow, with at least £1.5bn needed for schemes to top up these historic transactions.
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NewsCalls for govt to introduce sidecar savings into auto-enrolment
On the go: A group of Conservative party members have called on the government to introduce a sidecar savings mechanism into the existing auto-enrolment policy.
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NewsPandemic could have modest impact on mortality rates
On the go: If Covid-19 is confined to the two waves already registered, and the vaccination rollout programme is successful, the pandemic’s effect on mortality rates is likely to be marginal, new research from LCP has revealed.
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NewsNest to invest £3bn into infrastructure equity
On the go: Master trust Nest has appointed CBRE Caledon and GLIL Infrastructure to invest £3bn into infrastructure equity by the end of the decade.
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NewsCloud-based data recovery service wins industry praise
A new cloud-based service promising independent data backup facilities for pension schemes has won praise from industry experts, who hailed it as an “innovative solution” to the rare but worrisome prospect of administrator failure.
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NewsWaspi women ‘frustrated’ at ombudsman delays
On the go: Campaign group Women Against State Pension Inequality have spoken of their frustration after “waiting for months” for the Parliamentary and Health Service Ombudsman to make a decision regarding their case.
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NewsLGPS Central launches £680m Multi-asset Credit Fund
On the go: LGPS Central, which manages around £23bn of assets for eight Local Government Pension Scheme funds worth a collective £45bn, has launched a £680m Multi-Asset Credit Fund.
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Actuaries call for simplified pensions tax system
On the go: The Association of Consulting Actuaries has leant its voice to those calling for a simplified pensions tax system, but cautioned that any changes must be “realistic, manageable and proportionate”.
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NewsWillis Towers Watson and Wales LGPS pool target carbon emissions
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with Wales Pension Partnership and Willis Towers Watson reducing their carbon emissions, and new research from PGIM that shows almost half of investors are overlooking climate risks.
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DB transfer values recover after February fall
On the go: Defined benefit transfer values increased in March to recover around a third of the drop seen in February, according to figures from XPS Pensions Group.
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Most savers expect companies in their pension to pay living wage
On the go:A third of savers (33 per cent) would prefer their pension provider to divest from companies that do not pay the living wage, rather than engage with them to drive better behaviour, according to research from PensionBee.
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NewsReuters Pension Fund incorporates ESG factors to improve returns
The £2.8bn Reuters Pension Fund is integrating environmental, social and governance factors into its portfolio in order to improve risk-adjusted returns, while achieving a funding level above 100 per cent in 2020.
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UK DB scheme surplus rises £19.6bn in March
On the go: The aggregate surplus of the 5,318 defined benefit schemes in the Pension Protection Fund 7800 Index has increased by £19.6bn in March.