Latest United Kingdom News – Page 3
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NewsNew UK group aims to provide ‘loud trustee voice’ on sustainability
Newly formed Trustee Sustainability Working Group wants to work with regulators to move away from approach that fosters ‘low-level reporting’ on climate risk management
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NewsEAPF open to using biodiversity credits to bolster natural capital returns
The Environment Agency Pension Fund plans to allocate 4% to natural capital and set a 17% target for climate solutions
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NewsDB schemes with fewer than 1,000 members make up 80% of total funds under PPF
However, these schemes only make up around 10% of total assets, liabilities and members
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NewsChallenges remain as UK schemes see net zero targets hindered
Lack of high-quality data and uncertainty around government policy are cited as major barriers among pension funds
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NewsEU Taxonomy costs hit ‘several million pounds’ for some FIs, finds government research
Financial institutions are more likely than real-economy companies to have already updated their data systems to account for the taxonomy
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NewsUK regulator publishes defined benefit covenant guidance
The update is the last piece of the jigsaw to help schemes carry out valuations under the new DB funding code
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NewsMerchant Navy Ratings Pension Fund completes £450m longevity swap
Transaction is structured as an insurance contract with a captive insurer in Guernsey
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NewsKION Group completes £250m buy-in deal with Canada Life
Deal covers five different UK DB pension schemes within the group, covering the benefits of over 3,000 members
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NewsPension Protection Fund could lower the levy further, claims WTW
WTW claims that even if PPF distrust the government to bring the levy back, it could lower it below £100m
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Opinion PiecesViewpoint: Stewardship deserves a return to first principles
As the UK’s Financial Reporting Council consults on updates to the country’s Stewardship Code, Hans-Christoph Hirt, trustee director of the Hermes Group Pension Scheme, says it’s time for the investment industry to have an open conversation about the objectives of stewardship
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AnalysisCOP29: Moderate success, but investors still await clear signals
PKA’s CEO sees momentum building on public-private partnerships, however
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NewsLGPS Central launches sterling investment grade credit fund
The fund was developed in response to discussions with West Midlands Pension Fund, which provided £650m in seed investment
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NewsAviva Investors launches third UK LTAF with addition of private debt fund
New fund gets £750m cash injection from Aviva’s Future Focus default pensions solution
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NewsUK government consults on green taxonomy
Government says in consultation paper that it is ‘committed to learning the lessons from taxonomy implementation in other jurisdictions’
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NewsUK’s Unite asks pension funds to halt investments with Pemberton
Clwyd and six other Welsh pension funds invest in Pemberton via the Wales Pensions Partnership’s private credit strategy
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NewsNational Grid’s Electricity Supply Pension Scheme completes £1.7bn buy-in with Aviva
The transaction included transitioning the group’s existing longevity swap with Zurich to Aviva
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NewsM&G launches Value Share Bulk Purchase Annuity with £500m transaction
The proposition balances the needs of both members and sponsor
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NewsConsolidating DC schemes into megafunds could lead to unintended consequences
UK government proposes consolidation of DC schemes into £25bn megafunds
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NewsInvestor coalition launches report on unequal voting rights sanctions
ICEV hopes report to be ‘useful guide’ for investors considering how to navigate ongoing dilution of shareholder and voting rights
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NewsIFRS Foundation helps companies identify sustainability-related risks
The new guide aims to encourage more integrated thinking on a company’s impact on its wider value chain
