Investment

Professional Pensions rounds up some of the latest ESG and climate news from across the industry.

The Universities Superannuation Scheme (USS) has refused a request by UK university employers to review the assumptions for its 2020 valuation which calculated a funding shortfall of almost £18bn.

Aviva has announced the launch of an actively managed equity fund it says will invest in the shares of companies across the globe that are actively responding to climate change.

Legal & General Investment Management’s (LGIM) defined contribution (DC) pensions business has set out its framework to reach net zero across all auto-enrolment (AE) default investment options and the L&G Master Trust by 2050.

The Financial Conduct Authority (FCA) has published guidance on advising defined benefit (DB) transfers and has reiterated its stance that it is best savers do not transfer out of DB schemes.

Demand in the bulk annuity market is expected to remain high driving total deals to around £30bn this year in line with 2020 results, according to Bloomberg Intelligence (BI).

Over an unprecedented twelve months, commercial property funds have proven their resilience as stable income generators. James Coke looks at how the market is changing and evolving to ensure it delivers for investors in the years to come.

Asset managers representing $22.8trn (£16.5trn) of assets under management (AUM) have joined the Net Zero Asset Managers initiative, bringing the total number of signatories to 73.

Brunel Pension Partnership has completed transitioning almost £20bn of Local Government Pension Scheme (LGPS) assets, with most remaining transfers due this year.

The scam ‘epidemic’ across the pensions industry needs better government intervention in the form of a specifically appointed minister, AJ Bell has reiterated.