Investment

The Pensions and Lifetime Savings Association (PLSA) and the Investment Association (IA) have launched a stewardship steering group to create sustainable value for savers and investors.

The government has expanded its dormant assets scheme to include pensions and investments, making a total of £880m available to support the UK.

Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the December 2020 estimates on the various measures…

Schemes need to dynamically and closely monitor the position of their employer covenant and its corporate longevity, ensuring the assessment is not conducted in isolation, the Employer Covenant Practitioners Association (ECPA) says.

Institutional investors with $2.4trn (£1.8trn) in collective assets are calling on HSBC to reduce its exposure to fossil fuels in a resolution coordinated by ShareAction.

The Barclays Bank UK Retirement Fund (Barclays UKRF) has integrated ESG factors and climate risk into a £1.3bn diversified growth fund (DGF) portfolio used for its defined contribution (DC) scheme.

GLIL Infrastructure has raised £500m from two Local Government Pension Scheme (LGPS) pools to fund UK infrastructure investments.

Oil and gas majors are still rewarding executives for fossil fuel growth despite them committing to have net-zero carbon emissions by 2050, as experts urge institutional investors to take action.

Universities Superannuation Scheme (USS) Investment Management has partnered with DiligenceVault for investment data and risk analysis support.

South Yorkshire Pensions Authority (SYPA) is tendering for a managing agent for the provision of property management, property accounting and property data services within its circa £550m commercial property portfolio.