All Private debt articles – Page 3
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NewsTPR’s notifiable events regime more impactful than criminal powers
The new regime setting out what type of events trustees and employers are required to notify the Pensions Regulator about will have a greater potential to impact corporate activity than the regulator’s controversial new criminal powers, experts have warned.
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NewsOnly a quarter of ESG funds receive green rating
On the go: There is still room for improvement for asset managers when it comes to environmental, social and governance investment funds, since only a quarter of these received a green score in analysis from pensions consultancy XPS.
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NewsEmployer seeks £265,000 in damages from Plumbing Pensions
A plumbing employer has filed a summons at the Court of Session in Edinburgh seeking more than £265,000 in damages from Plumbing Pensions over its alleged repeated failures to manage the scheme’s Section 75 debt.
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PodcastsPodcast: Trustees should focus more on scheme admin in anti-scam fight
Podcast: The Pensions Ombudsman has declared schemes should have their transfer and due diligence procedures updated within a month of new anti-scams guidance. Compliance will require a huge amount of administrative time and resources, and trustees should give scheme administration more focus. LCP partner Francesca Bailey and Pensions Management Institute president Lesley Alexander talk scams, dashboards and corporate activity.
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NewsTPR urges trustees to remain vigilant of sponsor activity
The Pensions Regulator has used its latest annual funding statement to call for trustees to remain vigilant of weakening employer covenants and corporate activity, while laying out guidance on how to approach scheme valuations under the current challenging conditions brought by the pandemic.
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NewsLGPS pool launches renewable infrastructure, private debt funds
On the go: London CIV, which oversees £12.6bn on behalf of 32 London Local Government Pension Schemes, has launched a renewable infrastructure fund and a private debt strategy.
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NewsLGPS pool launches private debt offering
On the go: The Brunel Pension Partnership, composed of 10 Local Government Pension Schemes and with roughly £30bn in assets under management, has launched the second cycle of its private debt portfolio with its private markets manager, Aksia.
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OpinionForex risk – forgotten factor in private capital performance?
Kevin Lester and Haakon Blakstad, chief executive and chief commercial officer of Validus Risk Management, detail how schemes’ currency risk has grown over the past years with the rush to alternative assets, and how it can have a big impact on investment performance.
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Smart Pension invests in private market illiquids
On the go: The £1.5bn Smart Pension master trust has introduced private market illiquids into its default fund after developing a solution in partnership with Natixis Investment Managers.
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NewsCan UK councils rent their own streets to fund pensions?
Several US public schemes have embraced unusual means of securing funding, including renting property to themselves. Although these tactics cannot be used across the Atlantic, the post-Covid landscape could see a variety of new strategies being deployed in the UK.
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Arcadia schemes could have enough assets to survive outside PPF
On the go: Arcadia pension scheme members could receive a greater portion of their savings after a string of property and infrastructure sales raised enough capital to bring them out of the Pension Protection Fund.
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Schemes should not ‘mindlessly chase’ illiquidity premium
On the go: The chief investment officer of the £19bn Local Pensions Partnership has criticised asset managers promising unrealistic returns from illiquid assets, arguing that they no longer provide the same premium they once did.
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Arcadia trustees in talks with The Pension SuperFund
On the go: Trustees of the embattled Arcadia pension funds are in talks with The Pension SuperFund, which could result in the schemes being absorbed by the consolidator.
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Sustainability and adequacy still dragging UK's pension system
Data crunch: The UK has fallen one place to 15th in the Mercer CFA Global Pensions Index, despite seeing a marginal improvement in its score, while Covid-19 increases pressure on retirement systems worldwide.
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Implementation hurdles in opportunistic strategies
On the go: The coronavirus crisis presents a number of opportunities for savvy investors, but schemes should be wary of inflated estimates of return, according to a new report from Bfinance.
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USS DC section to begin exploring alternative assets
On the go: The Universities Superannuation Scheme is to begin adding alternative assets to its default defined contribution portfolio, the £68bn pension giant announced on Wednesday.
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Border to Coast hires Pimco for multi-asset credit fund
On the go: Border to Coast Pensions Partnership has appointed Pimco as the core manager for its multi-asset credit fund, which is expected to launch in early 2021.
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Nest Invest gets green light from FCA
On the go: Nest Invest, the investment subsidiary created by the master trust alongside its move into private credit, has been authorised by the Financial Conduct Authority.
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Lack of opportunities still a barrier for schemes seeking illiquidity
On the go: Demand for real assets is growing, but pension funds say regulatory interference and availability of assets is still the biggest challenge facing investors on the hunt for illiquidity premium.
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As Nest adds private credit, should platforms ditch daily dealing?
Asset management platform providers have been urged to open up defined contribution schemes’ access to private market funds, following the announcement of a third private credit mandate by Nest.