Asset Allocation
UK Takes First Steps Toward Sovereign Wealth Fund
The National Wealth Fund aims to make climate-related investments on behalf of the country.
Tag: United Kingdom
Pensions
Pension Risk Transfer Growth Fuels UK Insurance Rating
Higher interest rates have boosted the funded statuses of U.K. pension schemes and given Fitch Ratings reason for optimism.
Pensions
UK Chancellor’s Autumn Statement Proposes Pension, Benefits Increases
The Conservative Party government’s plans also include consolidating smaller pension funds and extending programs to spur investing in startups.
Risk
British Pound Falls to All-Time Low Against the Dollar Amidst Political Turmoil
The Bank of England announces emergency measures as U.K. pensions get squeezed in Gilt rout.
Manager Selection
Nest Commits $350 Million to Octopus Renewables for Green Infrastructure
‘We want to invest in the energy of the future, not the past,’ says CIO Mark Fawcett.
UK Asset Owners and Managers to Form Sustainability Alliance
Nest and others are discussing how to embed environmental and other worthy goals into manager disclosures and selection.
Asset Management Culture
Tesco Pension Investment Chief Steven Daniels to Retire Next Year
Deputies Danny Firth and Jenny Buck will take over his dual roles as chief executive and investment chief at the British supermarket giant.
Asset Management Culture
Pandemic Causes Railway Pension to Leave Taxpayers Shouldering £8 Billion Deficit
The UK-based Transportation Railway Scheme is deliberating ways to support the troubled railway pension.
Pensions
UK Universities Launch Largest Strike in History over ‘Radical Changes’ to Pension Plan
University staff start 14 days of strikes at more than 70 campuses.
Regulation
Proposed UK Law Would Require Pensions to Report Climate Impact, a First Worldwide
However, trade association warns it would give the government ‘unprecedented new powers.’
Asset Allocation
Massive UK Pension to Cut Its External Hedge Fund Portfolio in Half
The Universities Superannuation Scheme intends to utilize its in-house investment team over managers.
Alternatives
UK Pension Plan Tells Managers: Adhere to Low-Carbon Investments or Leave Us Alone
Brunel Pension Partnership sets out a ‘groundbreaking new approach’ to tackle carbon emitters.
Asset Management Culture
UK Authority Finds Pensions’ Tech Upgrades Are Floundering
Pensions Administration Standards Association blames poor quality data for derailing automation in pension plans.
News
Workers Strike at 60 UK Universities Over Pensions, Pay
Union members balk at decision to raise employee contributions to 9.6% of salary.
News
UK Nursery, Recruiter Plead Guilty to Misleading TPR
Regulator said firms lied about providing pensions for their workers.