UK - Exclusive: Nikko Global Asset Management has been dropped from the roster at the London Borough of Islington Pension Fund following performance concerns, said a source close to events.
A global (ex-UK) active equities mandate, worth between £100-120m, has now been awarded to Capital International.
The move was advised by Mercer Investment Consulting.
The 100 largest global pension funds are widely ignoring climate-related risks despite recent warnings by UN scientists, the Asset Owners Disclosure Project (AODP) says.
Premier Inn owner Whitbread has cut its defined benefit (DB) pension deficit to £162m ahead of its agreed £3.9bn sale of Costa Coffee to Coca-Cola.
Trends in longevity and mortality have proven difficult to forecast historically, but are vital to funding schemes and ensuring adequate retirement pots. James Phillips explores the key influences
The two-sided simplified annual pensions statement should be applauded, even if it missing information, says Jonathan Stapleton.