UK - Talks aimed at turning an entry in a long-term mandate competition into an investment vehicle for schemes will be held next month.
Representatives from the £19bn Universities Superannuation Scheme and Hewitt Bacon & Woodrow – which ran the competition – will take part in the meeting which will be hosted by Henderson Global Investors on May 19.
The meeting is being organised by the UK Social Investment Forum, and follows a series of online discussions about long-term mandates.
The idea – submitted by International E-Chem chairman Paul Hodges – focuses on how a mandate can be constructed so that schemes can better invest in small to medium-sized companies.
Hewitt head of quantitative investment research Sally Bridgeland said: “If we can find a format that works, then we can put some of the other ideas through the same process.”
USS senior adviser, responsible investment, Raj Thamotheram said: “Paul’s was one of the commended entries. His background is in the corporate sector and one of the areas involved in the proposal is how does the fund management community take on the ideas?
“That’s the purpose of the meeting.”
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers