UK - The £18.8bn Electricity Supply Pension Scheme has switched property managers.
F&C Property Investment Management and Schroder Property Investment Management have taken over from Aberdeen Property Asset Managers to run a £709m mandate.
The scheme’s annual report also revealed that its equity allocation at the end of March dropped from 44.9% to 40.7% while its allocation to fixed income securities fell from 12.4% to 10.7%.
Its exposure to managed funds and unit trusts rose from 25.8% to 31.4%.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.