Investment
Market Movers Blog: Bank of England holds rates as it 'leaves powder dry'
In this live blog, Professional Pensions' sister title Investment Week collates all the breaking market news, analysis and opinion on equity, bond and currency movements as well as the impact of trade wars, tightening monetary policy and the Brexit negotiations....
Resilient H1 earnings for L&G despite profit dip
Legal & General Investment Management (LGIM) has announced a consolidated set of financial results for its subsidiaries for the first half of 2020.
Salvus selected as replacement master trust for Ascot Lloyd members
Salvus Master Trust is set to replace the Ascot Lloyd Pension Scheme, which exited the market last year after ten years as master trusts faced tough hurdles to become authorised.
R&M selects PTL for value for members review
River & Mercantile’s (R&M) fiduciary management arm has appointed PTL to conduct an independent value for members review of its portfolio of defined contribution (DC) clients.
Extra employer rooted in botanical scheme following TPR intervention
A second employer has been appointed to stabilise the National Institute of Agricultural Botany (NIAB) pension scheme after intervention from The Pensions Regulator (TPR) when trustees failed to agree a valuation in 2015.
David Fairs: Four weeks left to influence the future of DB funding
As TPR’s consultation on the principles underlying the revised code of practice for DB funding enters the final straight, David Fairs set outs why you should give the watchdog your views.
How to build cashflow strategies amid Covid-19
As more schemes look at building a CDI strategy amid the economic crisis, Sebastien Proffit looks at what to consider.
Scottish Widows invests £2bn in BlackRock climate transition fund
Scottish Widows has invested £2bn of pension fund assets to become the inaugural investor in BlackRock’s authorised contractual scheme (ACS) Climate Transition World Equity Fund.
NHS scheme pays deadline further extended to March 2021
NHS Pension Scheme members in England and Wales have been given a further six months to take advantage of the voluntary scheme pays process for the 2018/19 deadline.
Covid-19 crisis: CDS indices have passed their crash test
The coronavirus-induced economic crisis has demonstrated the liquidity benefits of credit default swap indices, says Olivier Debat.
DB funding - July 2020: FTSE 350 scheme funding hits lowest level in three years
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the July 2020 estimates on the various measures…
Morgan Stanley IM expands fixed income range with sustainable double launch
Corporate and Strategic fund
Legal & General signs annuity deal with PensionBee
Legal & General (L&G) has agreed a deal with PensionBee that will see its retirement income business provide annuities to the online pension provider’s customers.
EValue launches investment pathway solutions
EValue has launched a range of investment pathway solutions ahead of the implementation deadline next February.
LGIM launches DB-focused secure income fund
Legal & General Investment Management (LGIM) has launched a secure income assets fund for UK defined benefit (DB) pension schemes.
EXCLUSIVE: Covid-19 accelerates focus on social and governance issues as part of ESG push by asset owners
Demonstrable action will be required by asset managers to meet the needs of increasingly outcome-oriented institutional asset owners as social and governance issues come into sharper focus in the wake of the COVID-19 pandemic, research by JPES Partners...
Value assessment forces two Baillie Gifford funds closures
Baillie Gifford has closed three of its UK government bond funds, according to its inaugural Assessment of Value (AoV) report, which found two of the products - the Baillie Gifford Active Gilt and Active Long Gilt funds - failed to consistently meet their...
Coronavirus crisis adds urgency to sustainable investing agenda
Dan Roarty looks at how the companies with the strongest ESG ratings have fared financially in comparison to their peers throughout the pandemic
Savers see opportunities in stock markets but remain pessimistic about retirement
Levels of confidence in retirement saving remain persistently low, with feelings dampened further by Covid-19, but savers recognise the current opportunities in equities, a State Street Global Advisors (SSGA) survey finds.
Border to Coast announces £1.4bn infrastructure investments
Border to Coast Pensions Partnership has announced £1.4bn of infrastructure investments in a drive to build a diversified global portfolio.
Interest rate and inflation hedging hits £83.1bn in Q2
Pension schemes significantly heightened their interest rate and inflation risk hedging in the second quarter of the year, according to BMO Global Asset Management.
Industry welcomes timely WPC impact of freedoms inquiry
A three-pronged Work and Pensions Committee (WPC) inquiry to review the impact of pension freedoms has been welcomed by the industry as pension savers continue to fall victim to sophisticated scams.
Guy Opperman under fire over fossil fuel divestment stance
More than 60 civil society leaders including MPs, climate experts, faith leaders and local councillors have signed an open letter accusing pensions and financial inclusion minister Guy Opperman of backing continued investment in fossil fuels.
Nest commits to net-zero default pension strategy by 2050
Nest has set out plans to move to its default pension strategy towards a net-zero investment portfolio by 2050, with at least £5.5bn of equities pledged to climate aware strategies.
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