Stewardship practices should focus more on the actions of individual investors instead of trustees due to their shrinking role in equity investment, industry figures say.
Former BlackRock managing director Lindsay Tomlinson said pension funds' shift away from equities into bonds and the growing influence of individual investors in equity markets meant stewardship principles...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.