UK Archives - Page 64 of 188 - Pension Policy International

10OctOctober 10, 2023

U.K. investment managers see assets dip 12% in 2022

Assets managed by the U.K. investment management industry fell to £8.8 trillion ($10.61 trillion) at the end of 2022, a 12% decrease from the previous year, according to the Investment Association's annual Investment Management Survey. The survey released Oct. 10 attributed the drop to a broad-based market correction reflecting monetary policy changes, inflation, the Ukraine war and other global uncertainties. "The markets experienced an unusual correlation in the direction of travel for both global equities and bonds," the survey report...

October 10, 2023

News2023, ESG, Investment, UK

09OctOctober 9, 2023

What’s wrong with private market valuations and why do UK pension funds care?

Britain's Financial Conduct Authority said last week a review of risks in markets for unlisted assets would check how valuations are being undertaken and whether any risks could spread into banking. WHY IS THE REGULATOR WORRIED? Stock markets and prices of government bonds have been hit by expectations of higher interest rates for a longer period than initially anticipated. Prices of private, unlisted assets have remained relatively high, raising questions about how valuations are conducted and if a reckoning is due. WHY...

October 9, 2023

News2023, Pension Management, Regulation, Risk, UK

06OctOctober 6, 2023

U.K. investors turn up the heat on boards for climate transition plans

Investors with a collective £1.8 trillion ($2.2 trillion) in assets told high-emitting FTSE 350 companies that they expect to see climate transition plans on the agenda at their next annual meetings. The 18 investors include the Local Authority Pension Fund Forum, CCLA Investment Management, Sarasin & Partners and Ethos Foundation. In letters to corporate chairmen at 35 companies, the investors said that for the past two years they asked the corporate boards to provide shareholders with the opportunity to vote on...

October 6, 2023

NewsClimate crisis, Investment, UK

05OctOctober 5, 2023

DB schemes’ sustainability reporting will be ‘ineffective’ without integrated approach

Defined benefit (DB) pension schemes have been warned they will lack the information needed to understand how nature- and climate-related risks impact them without an integrated approach to sustainability reporting. In a briefing note on Taskforce on Nature-related Financial Disclosures (TNFD), Hymans Robertson highlighted key actions asset owners should take to try and ensure successful TNFD reporting. TNFD published its final recommendations for nature-related risk management and disclosures in September. The recommendations aim to outline the relationship between nature, business and financial capital,...

October 5, 2023

NewsPension Management, UK

05OctOctober 5, 2023

Education gaps and time constraints: The ESG burdens facing UK pension trustees

With ESG rapidly rising up the agenda for UK pension schemes, their often overstretched trustee boards have been grappling with how to ensure it gets enough time on agendas and how to educate themselves on fast-moving developments. Janice Turner, co-chair of the Association of Member Nominated Trustees (AMNT), told Responsible Investor that the proportion of trustee time taken up by ESG matters has been increasing every year, especially due to enhanced regulatory requirements. “I would assume that ESG is an agenda item at...

October 5, 2023

NewsESG, UK

03OctOctober 3, 2023

UK. DB funding levels remain buoyant despite volatility

Pension scheme trustees have been urged to take the time to review their endgame options, after industry analysis revealed that UK defined benefit (DB) funding levels have continued to improve, despite ongoing volatility. Analysis from XPS Pensions found that, despite the Bank of England holding interest rates steady for the first time since late 2021, the aggregate surplus of UK DB pension schemes stood at around £169bn at the end of September. Aggregate scheme assets were also down over the month...

October 3, 2023

NewsDefined Benefit, Funding, UK

02OctOctober 2, 2023

UK. Concerns over self-employed pension adequacy persist

Self-employed workers could boost their retirement resilience by paying into their partner's pension, Hargreaves Lansdown has said, after its analysis raised concerns over the current level of pension saving amongst the self-employed. According to the latest data from the Hargreaves Lansdown Savings and Resilience Barometer, self-employed led households scored 53/100 for their financial resilience compared to 67/100 among employee-led households. However, the firm clarified that the picture is "a bit more nuanced than this", as households where the self-employed worker is...

October 2, 2023

NewsAdequacy, Informal Sector, savings, UK

02OctOctober 2, 2023

UK. DWP urged to assess case for formal regulation of pension scheme administrators

The Department for Work and Pensions (DWP) should assess the case for bringing administrators into formal regulation, an independent review of The Pensions Regulator (TPR) says The review, published last month, was led by Mary Starks - a former director of competition and chief economist at the Financial Conduct Authority - who was appointed to lead the review into TPR at the beginning of this year. Starks found TPR's supervision team currently engages with three pension scheme administrators on a voluntary basis but said...

October 2, 2023

NewsRegulation, UK

29SepSeptember 29, 2023

TPR issues first climate-related reporting penalty to ExxonMobil’s U.K. plan

The U.K.'s Pensions Regulator issued its first fine against a pension fund for failing to publish a report on how its trustees manage and govern climate-related risks and opportunities, delivering a £5,000 ($6,118) penalty to the ExxonMobil Pension Plan, Leatherhead, England. U.K. pension funds with more than £5 billion in assets have been required to publish a climate change report by a set deadline since October 2021. The report must be made publicly available on a website so participants can...

September 29, 2023

NewsClimate crisis, Regulation, UK

28SepSeptember 28, 2023

Pension Savings Are an Emerging UK Political Battleground

Nothing says an election is looming more than a raft of proposed policies that have been collecting dust on think tank shelves for years . UK Chancellor of the Exchequer Jeremy Hunt has been dropping heavy hints of reforms and enhancements targeted at Conservatives’ core voters — namely people who follow changes in pensions and savings. The underlying theme is Buy UK equities. Hunt will seek to address getting UK savers to stop hoarding cash and making it easier for...

September 28, 2023

NewsInvestment, Pension design, Pension Reform, UK

October 2023

U.K. investment managers see assets dip 12% in 2022

What’s wrong with private market valuations and why do UK pension funds care?

U.K. investors turn up the heat on boards for climate transition plans

DB schemes’ sustainability reporting will be ‘ineffective’ without integrated approach

Education gaps and time constraints: The ESG burdens facing UK pension trustees

UK. DB funding levels remain buoyant despite volatility

UK. Concerns over self-employed pension adequacy persist

UK. DWP urged to assess case for formal regulation of pension scheme administrators

September 2023

TPR issues first climate-related reporting penalty to ExxonMobil’s U.K. plan

Pension Savings Are an Emerging UK Political Battleground