UK Archives - Page 73 of 193 - Pension Policy International

28JulJuly 28, 2023

UK. pension funds, consultants rely on flawed climate research – report

Pension funds and their investment consultants are depending on flawed research that lowballs the financial risk of climate change, according to a report released Thursday by Carbon Tracker. A study done for the financial think tank by University of London research fellow Steve Keen places much of the blame on climate economists for perpetuating "scientifically false assumptions," according to the study report, Loading the Dice against Pensions. Relying on flawed research leads to a disconnect between current investment decisions that assume...

July 28, 2023

NewsUK

26JulJuly 26, 2023

UK pension funds must broaden investments, new regulator warns

UK pension fund trustees must consider increasing the range of their investments, including in start-ups or other illiquid assets, or face “robust” intervention, the British regulator has warned. Nausicaa Delfas, newly appointed chief executive of The Pensions Regulator, added that it was important for trustees of defined contribution plans to have the expertise to assess more complex assets — and advised that, if they did not, they should look to consolidate or even wind up their schemes. “Trustees have a duty...

July 26, 2023

NewsUK

24JulJuly 24, 2023

UK. Insurance and pensions investment changes are positive steps

The refresh of the Solvency II rules will make certain assets more attractive to insurers. This includes infrastructure assets in their construction phase and higher risk assets common in “greenfield” projects that typically bear high technological and development risks. The research outlines the opportunities and potential implementation challenges of broadening the matching adjustment (MA) asset eligibility criteria. Firms will need to focus on key aspects of risk management to protect policyholder security, such as maintenance of the matching between asset...

July 24, 2023

NewsInvestment, Pension Reform, UK

23JulJuly 23, 2023

Providing security, building sustainable futures

By Pension Protection Fund Our purpose is to protect the future of millions of people throughout the UK who belong to defined benefit (DB) pension schemes - 9.6 million as at 31 march 2022. When these schemes fail we’re ready to help. We do this by paying our members, charging a levy and investing for the long term. Read book “here”

July 23, 2023

Books, Books, Reports, Sustainability2023, Climate crisis, Corporate Governance, ESG, Pension Management, UK

23JulJuly 23, 2023

Defined benefit pensions with Liability Driven Investments

By Work and Pensions Committee The economic uncertainty experienced in the UK in September 2022 brought to the fore risks associated with the use of Liability Driven Investment (LDI) strategies by pension schemes. LDI strategies aim to reduce volatility in scheme funding levels by investing in assets whose value moves in the same direction as that of the scheme’s liabilities. Leverage allows schemes to do this in a capital efficient way, freeing up capital that they can invest in ways...

July 23, 2023

Books, Books, Reports, System Characterization2023, DB Pensions, UK

23JulJuly 23, 2023

The pensions regulator’s annual report and accounts 2022-2023

By The Pensions Regulator The Pensions Regulator (TPR) is the UK regulator of workplace pension schemes. We make sure that employers put their staff into a pension scheme and pay money into it. We also make sure that workplace pension schemes are run properly so that people can save safely for their later years. Read book “here”

July 23, 2023

Books, Books, Regulation, Reports2023, Inflation, Public Policy, supervision, UK

21JulJuly 21, 2023

Navigating pension options for gig economy workers

Industry experts unravel the common challenges and potential for gig workers in pension planning. The first question is, how much should you save? The gig economy has been growing steadily in the UK, bringing flexible work arrangements to millions of individuals. However, with this newfound flexibility comes the responsibility of planning for a secure financial future, including retirement. Workers in the gig economy often face unique challenges when it comes to pension planning. Unlike traditional employees, they typically lack access to...

July 21, 2023

NewsInformal Sector, Pension design, UK

20JulJuly 20, 2023

UK’s Workplace Pension Provider, Smart Pension, Acquires Evolve Pensions

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, announces its acquisition of Evolve Pensions, a provider in workplace pension services through its master trust the Crystal Trust. The acquisition will aim to “improve experience and provide efficiencies for the Crystal Trust’s employers and members, enabled by Keystone, the cloud-based global technology platform developed by Smart Pension’s parent company, the Smart group.” The Crystal Trust currently “has over 128,000 members and £750m in assets.” This is reportedly...

July 20, 2023

NewsPension Management, UK

14JulJuly 14, 2023

UK. Pension Protection Fund returns 1.9% on growth assets for year

The Pension Protection Fund, London, achieved a 1.9% investment return on its growth assets and saw its funding ratio increase to 156% for the year ended March 31, despite a challenging year in markets. The investment return was 7.6% and the funding ratio was 137.9% for the year ended March 31, 2022. Reserves — held to ensure the lifeboat fund for the defined benefit plans of insolvent U.K. companies can absorb future claims and pay compensation should participants live longer than...

July 14, 2023

NewsPension Management, UK

12JulJuly 12, 2023

Britain’s £50 billion pensions gamble provides ‘no guarantees’ for savers

Britain’s financial services industry has broadly cheered fresh government proposals to jump-start the economy by channelling £50 billion (US$64.5 billion) of pension fund cash into fledgling firms, but the plans could backfire on savers, experts said. Finance minister Jeremy Hunt on Monday unveiled a raft of reforms aimed at redirecting a greater proportion of a £4.6 trillion pool of capital managed by Britain’s pensions and insurance sectors into unloved UK assets by 2030. The so-called Mansion House Reforms follow years of...

July 12, 2023

NewsInvestment, Regulation, UK

July 2023