The BT Pension Scheme (BTPS) is to sell two-thirds of its interest in Hermes Fund Managers, the investment company it founded 35 years ago, to American asset manager Federated Investors for £246m.
Under the deal announced today, the BTPS will see its interest in Hermes slashed from 89.5% to 29.5%, with the 60% transferred to Federated Investors through a combination of cash and an existing revolving...
The Conservative Party’s election success has delivered a rally for UK equity markets and sterling but uncertainty over a future trade deal with the EU remains.
The pound surged against both the US dollar and euro after the Conservatives won a landslide majority at the UK General Election on Thursday (12 December).
ESG is increasingly important for schemes but trustees have little influence over manager decisions. Pádraig Floyd asks what they can do to redress the balance.
While it may be tough for small schemes to manage their approach to ESG-related investment risks, there are ways to meet this fiduciary responsibility, says Richard Butcher