All Features articles – Page 23
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FeaturesNationwide targets 30% in illiquids
The Nationwide Pension Scheme is struggling to find suitable illiquid investments as it targets 30 per cent of its portfolio in the assets, the scheme’s chief investment officer has said.
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FeaturesSelex cuts costs with new Care structure
The Selex Pension Scheme has moved to a career average revalued earnings structure following the results of its latest triennial valuation, in an attempt to cut costs and reduce risk.
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FeaturesAsda shops for income streams with £9m cinema purchase
Asda Pension Fund has bought a £9.1m multiplex cinema as part of an ongoing property programme, as schemes continue to lap up real assets for their portfolios.
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FeaturesThe push-me-pull-you: In which direction is UK retirement saving headed?
Analysis: The introduction of a workplace Isa, mooted in a new proposal this week, could present both the UK workforce and employers with a radical new alternative, but how can developments in government policy drive the sea change needed in the UK’s savings culture?
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FeaturesJaguar Land Rover revs up global credit
Jaguar Land Rover has decided to alter the strategic asset allocation in its two pension schemes by boosting its exposure to global credit, while decreasing assets held for the purposes of matching changes in the fund’s liabilities.
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Scapa reduces liabilities by £4m via mortality study
Adhesive tape manufacturer Scapa has reduced its defined benefit liability by £4m, having undertaken a mortality study across its pensioner population as part of a holistic approach to managing risk across the scheme’s assets and long-term obligations.
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Environment Agency Pension Fund shakes up investment monitoring
The Environment Agency has released information about its investment process, emphasising a move away from more traditional benchmarking and quarterly reporting in favour of monitoring fundamentals and ad-hoc reporting.
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Strathclyde joins antibiotics campaign as investors up engagement
The Strathclyde Pension Fund is one of 54 institutional investors that have launched an engagement campaign aimed at stopping overuse of antibiotics in the supply chains of corporations in the UK and US.
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Hubbub probes ESG ahead of provider appointment
A small charity is prioritising environmental, social and governance factors in the selection of its workplace pension provider, making use of recent analysis which ranks the UK’s nine largest providers according to their responsible investment practices.
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FeaturesITV absorbs Wireless Group DB scheme
Broadcasting company Wireless Group has signed over its defined benefit pension obligations to broadcaster ITV, under the terms of sale of its television entities to the media giant, showing that defined benefit schemes do not have to be left behind in mergers and acquisitions.
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Weir Group cuts deficit contributions with 15-year funding vehicle
Weir Group established a Scottish Limited Partnership with the trustee of its main defined benefit scheme last year, allowing the group to reduce its deficit recovery payments while adding to the security of members’ benefits.
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FeaturesFallout from contracting-out continues at Bombardier
Workers at engineering company Bombardier are considering industrial action over employer plans to pass on the cost of contracting-out cessation to members of two of its defined benefit schemes, while sharing the cost for the Railways Pension Scheme.
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GKN continues derisking with £53m buy-in
Global engineering group GKN signed off a second pensioner buy-in during 2015, insuring an additional £47m of pensioner liabilities, as part of a broad strategy to manage asset and liability risk as the group’s UK schemes mature.
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Are LDI models less perfect than they seem?
Roundtable: Using models can make liability-driven investment seem like a clear-cut decision, but should trustees be more willing to question these models? In the final part of this roundtable series, Bestrustees’ Huw Evans, HR Trustees’ Giles Payne, Aviva Investors’ Rakesh Girdharlal, KPMG’s Simeon Willis, Cambridge Associates’ Benoît Jacquemont and P-Solve Asset Solutions’ Barbara Saunders discuss the pros and cons of LDI models.
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Long-term saving solution continues to elude pensions industry
Missed by many amid the Budget’s pomp and circumstance, the summary of responses to the government consultation – ‘Strengthening the incentive to save’ – contains a resounding call for stability but no clear solution to the nation’s savings crisis.
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Shell diversifies away from equities over market fears
The Shell Contributory Pension Fund has diversified its growth asset portfolio and reduced its equity holdings in response to concerns about the level of risk.
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FeaturesUnilever refines DB and DC investment after review
Pension fund trustees at consumer goods giant Unilever undertook a review of the UK pension scheme's overall strategy last year and have implemented several changes across the defined benefit and defined contribution sections.
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FeaturesMarket effects of possible Brexit throw up investment questions
Analysis: Trustees must consider how growing uncertainty over the UK’s future in the European Union could hit their holdings, consultants have said, identifying both headwinds and opportunities en route to the referendum.
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BMA hunts for yield with long-lease property
The British Medical Association Pension Scheme has invested in long-lease property since 2007, enabling the fund to 'smooth the ride' through long-term property cycles while securing a fixed income stream.
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How pension schemes reacted to volatility amid a turbulent 2015
Analysis: Volatile markets and economic uncertainty drove pension schemes into multi-asset strategies and alternative assets in 2015, data show, as they looked to mitigate losses from equity markets.