Investment
NEST announces changes to investment strategy as assets grow
The master trust is investing directly in commodities for the first time and setting up its first segregated mandate. Stephanie Baxter looks at this step change
Brexit white paper: UK and EU won't have current levels of access to each other's markets
The government has backed down from its calls for mutual regulatory recognition post Brexit and will now push for a deal that will see UK and EU financial services firms' access to each other's markets scaled back when the country leaves the bloc.
LGPS pooling: What have we learned and what does the future hold?
A panel of LGPS pools spoke at Pensions and Benefits UK about their experiences and the lessons they are learning along the way. Stephanie Baxter reports from the conference
Nearly half of DB liabilities hedged following surge in new LDI mandates
More of the smallest defined benefit (DB) schemes are hedging inflation and interest rate risk using liability-driven investment (LDI) strategies thanks to more accessible and affordable solutions, XPS Pensions Group says.
FCA to publish voluntary cost disclosure templates in autumn
A Financial Conduct Authority (FCA) working group has recommended five institutional cost disclosure templates, although it says these should not be made mandatory.
BMO combines credit with LDI to simplify de-risking
Funds that match and link credit with liability-driven investing (LDI) have been launched by BMO Global Asset Management in a bid to simplify the process of de-risking defined benefit (DB) schemes.
PIC invests £100m in social housing
Pension Insurance Corporation (PIC) has made a £100m investment in social housing with Accord Housing Association.
BT Pension Scheme completes £260m sale of stake in Hermes
US-based Federated Investors has completed its acquisition of a 60% interest in Hermes Investment Management from the BT Pension Scheme (BTPS).
Scotland mulls merging or pooling LGPS funds
The Scheme Advisory Board for Scotland's £42bn 11 local authority funds has proposed merging their liabilities, assets and administration into one or more asset vehicles as part of a major structural review.
Fidelity: 'Gender pension gap' sees women losing out by over 10%
Young women are likely to end up with a pension pot nearly 11% smaller than that of male counterparts, with a number of barriers preventing women from investing, according to a new report by Fidelity International.
Could a trade war cause an inflationary recession?
Saker Nusseibeh says a global trade war would have a far greater effect on markets than current predictions
CMA's provisional decision on consultancy/fiduciary markets due 'in next few weeks'
The Competition and Markets Authority (CMA) says it will soon publish its provisional decision on whether there are competition problems in investment consultancy and fiduciary management.
Industry split on DWP proposals to reform trustees' investment duties
The Department for Work and Pensions (DWP) has opened a consultation proposing reforms to trustees' investment duties to boost ESG risk consideration. Kim Kaveh gauges industry reaction.
What does Brexit mean for your scheme and what action should trustees take?
Brexit is likely to have a significant impact on UK schemes' funding and investment strategies. Wayne Fitzgibbon and John Gething look at what trustees can do to prepare
Key takeaways From PIMCO's Secular Outlook: Rude Awakenings
Joachim Fels, Andrew Balls and Dan Ivascyn discuss why, ten years after the financial crisis, the global economy and financial markets look set to enter a new era of potentially radical change.
Hermes launch carbon tool to track fund's level of risk and engagement
Hermes Investment Management has launched an environment, social and governance (ESG) tool in a bid to improve carbon risk engagement with investee companies.
HMS LGPS? Our members' pensions are now an arm of UK foreign and defence policy!
Colin Meech warns the Court of Appeal's bizarre judgment could cause significant financial detriment to local government pension funds
Why schemes are flocking to passive funds
Research finds passive funds are to increase in usage by 6% per annum at least until the end of the decade. James Phillips explores the reasons behind the increasing shift
Schemes plan boost of alternative asset exposure
UK pension funds are set to boost their allocations to alternative income assets by more than 50%, according to research by Aviva Investors.
World Cup Quiz 2018: PP's quiz to end all quizzes
15/20 the target
UPDATED: The UK's biggest pension consulting firms
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
How schemes are taking first steps to integrating ESG
A growing number of schemes are moving towards integrating responsible investment policies into investment processes. Charlotte Moore looks at how funds are approaching this
Columbia Threadneedle to launch infrastructure capability; hires four-strong team
Columbia Threadneedle Investments has hired a team to build an infrastructure investment capability for UK and European institutional clients such as pension funds.
Government to work with industry on growing social impact investment
The government will encourage investors to support social impact programmes by working with the investments and saving industry, it has announced.
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