Including: UK - Pension funds need education; US - California funds divest from Iran
UK - Pension funds need education
The Financial Times has reported on a survey of pension fund managers which said that barely over a fifth of large pension funds, with assets of between £5-10bn, had a liability driven investment (LDI) strategy in place.
Critics of the strategy accused LDI of being “a bit of a gimmick” and “a fancy name for asset/liability modelling” but over 30% of funds questioned said they were considering a move to implementing LDI in the future.
US – California funds divest from Iran
Following the signing of the California Public Divest from Iran Act, the two largest US public pension funds, both based in California, will be forced to sell assets in energy companies based in the country, the Wall Street Journal has reported.
BNY Mellon has launched a range of reporting tools to help institutional investor clients track and evaluate portfolio investments based on environmental, social and governance (ESG) issues.
Three in five trustees have not heard of Clara Pensions, one of two defined benefit (DB) consolidators to have launched since last year's government white paper.
Both New Zealand and Australia are assessing myriad complex pension policy options. David Harris says the UK would do well to study these developments
Inflation in the UK rose slightly in February to 1.9% on the back of higher food prices, according to the Office for National Statistics (ONS).