IPE's United Kingdom Coverage – Page 3
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NewsCDC must be made attractive and accessible, claims Hymans Robertson
Hymans Robertson report draws from industry roundtable discussion on CDC
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NewsHays pension scheme completes £370m buy-in with PIC
The transaction is final step towards Hays fully insuring its UK DB pension obligations
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NewsRailpen strengthens engagement and voting commitments for 2025
Railpen has strengthened voting policy on issues such as shareholder protection and audit quality for 2025 AGM season
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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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AnalysisIPE UK Briefing: Consolidating LGPS assets and DC funds into 'megafunds'
Plus: British Growth Partnership; Innovation in BPA market
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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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Asset Class ReportsInvestors eye return to European small cap equities
Largely dependent on domestic investors, interest has been growing in the opportunities offered by Europe’s smaller companies
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Special ReportPassive investors: price/market reliance and the due diligence question
Towards the end of October 2024, the High Court in London struck out claims for £335m (€402m) being sought from Barclays for misdemeanours dating back over ten years.
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Special Report
Merseyside Pension Fund: Looking after one’s own benefits the wider economy
The £10bn (€12bn) Merseyside Pension Fund has long been recognised as an active asset owner that takes its responsibilities as a shareholder seriously.
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Special ReportInvestor litigation outside the US on the rise
Class-action lawsuits have been a staple of the litigation landscape in the US for decades, but this trend is now spreading, with investor litigation on the rise across the UK and Europe
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Special ReportUK group litigation funding: Devil in the detail
Third-party litigation funding (TPLF) has become a key ‘must-have’ for opt-in group litigation in Europe, but in July 2023 the UK Supreme Court made a ruling that potentially threw a spanner in the works for such funding used in UK lawsuits.
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AnalysisIf UK defined contribution is ‘broken’, could collective DC be the answer?
Collective DC is emerging in the UK but time will tell whether employers will embrace it
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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
