Newsmakers
BT Pension Plan Lost £11 Billion in Buildup to U.K. Bond Meltdown
Despite the steep loss, CEO Morten Nilsson says there is ‘no worsening’ in the plan’s funding position.
Tag: UK
News
U.K. Pension Withdrawals Surge Amid Rising Inflation
Data show plan participants are increasingly dipping into their pensions to offset cost-of-living increases.
Risk
Surging Funding Levels Set to Turbocharge UK Pension De-Risking
However, insurance companies likely won’t be able to accommodate the increased demand.
Pensions
UK High Court Says RIP to RPI
Ruling shoots down BT, Ford, Marks and Spencer pension funds’ challenge to reforming inflation calculation.
Asset Allocation
Despite Falling Markets, UK DB Funding Levels Continue to Rise
Thanks to surging bond yields, the aggregate funded ratio of the PPF 7800 rose to 120.1% in June, up from 106.5% a year ago.
News
Uber Pledges to Provide Sharia-Compliant Pensions in the UK
However, union says ride-hailing firm has yet to tell its majority Muslim drivers.
Newsmakers
Canadian, UK DB Plans Improve Despite Market Volatility and Inflation
Rising bond yields more than offset investment losses to reduce pension liabilities.
Newsmakers
UK’s Biggest Pension Fund Facing Lawsuit, Potential Strikes Over Benefit Cuts
The plan is increasing contributions while cutting benefits despite significant investment returns last year.
Asset Allocation
British Pension to Shift $6.7 Billion Away from Polluters
USS is the largest private pension fund in the UK.
Newsmakers
UK Pension Ownership of British Firms Plummets
The proportion of public shares held by UK pensions has fallen to 4% from one-third since 1990.
Asset Allocation
Wellcome Trust Saw 34.5% Returns for Fiscal Year 2020-2021. Here Was Its Strategy.
This is the British health care charity’s best-performing year in two decades.
Regulation
UK State Pension Struggling to Manage Inflation
The government’s decision to not increase pension payments in step with inflation in 2022 has angered many.
Regulation
UK Government Considering Relaxing Fee Cap on AUM
If the change goes through, plans will have more freedom to invest in lucrative private equity and venture capital.
Asset Allocation
UK Pension Plans Lag Behind in Climate Change Plans
The availability of climate-related data can be a significant issue for trustees.
Cutting the Costs of Decarbonization
LCP says the answer to reaching net-zero ‘without breaking the bank’ is blowing in the wind power.