Investment

British Airways Pensions has decommissioned its in-house investment operations, moving all assets to BlackRock as outsourced chief investment officer (OCIO).

Transport for London (TfL) will carry out a review of its pension scheme and reform options with an “explicit aim” of moving the fund into a “financially sustainable position”.

The proposal to rescind a controversial decision to transfer residential property into Croydon’s pension fund so it could pay less in contributions will be deferred until more valuation information is available.

FCA looking at "spirit of" rules

The dynamics of pension scheme cashflows change, and can change rapidly, David Fairs says.

Nearly of a quarter of pension schemes required to retender their fiduciary manager had not started the process as of last month, says XPS Pensions Group.

Turbulent markets damaged fiduciary managers’ ability to achieve client-specific objectives, says Isio, with none meeting the target.

The Universities and College Union (UCU) has accused Universities UK (UUK) of failing to come clean over the true impact of the Universities Superannuation Scheme (USS) pension proposals.

Industry feedback on the contentious ‘employer resources test’ (ERT) is unlikely to significantly shift The Pension Regulator’s (TPR) approach to issuing contribution notices, it says.

A court in the Netherlands has ruled that oil major Shell must cut CO2 emissions by 45% in a landmark climate case brought forward by seven activist groups, including Greenpeace.