Investment

Chancellor Rishi Sunak has touted potential of offshore wind, carbon capture, freeports, and green finance developments for the UK's green economic recovery, but has left question marks next to energy efficiency and electric infrastructure.

The industry has provided a predominantly negative response to the confirmation today that the lifetime allowance will be frozen at £1,073,100 until April 2026.

The government will press ahead with plans to use the “largely untapped pool of capital” in defined contribution (DC) schemes to invest in venture capital and growth equity assets.

Universities Superannuation Scheme (USS) has reported a technical provisions deficit of between £14.9bn and £17.9bn as of 31 March 2020, and delayed its valuation as it considers how to proceed.

With sustainable investing proliferating rapidly and ESG ratings becoming embedded in financial markets, providers are coming under the spotlight over the transparency of their scoring systems, writes Pedro Gonçalves.

The Pensions Regulator (TPR) has agreed a settlement in its anti-avoidance case against the current owners of the bed manufacturer Silentnight.

Up to £350bn of investible assets could be found within the energy sector over the next 30 years as investment in opportunities to decarbonise the economy by 2050 increases, Lane Clark & Peacock (LCP) finds.

Demands on asset managers to consider ESG issues and adopt greater transparency has prompted ShareAction to publish a leading practices report, so that investors can compare the practices of their chosen firms with leaders in the industry.

Attractive yields and cheap currencies make the sector stand out

Aviva has pledged to have net-zero carbon emissions across all of its investments by 2040.