All HSBC articles
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OpinionValue for money consultation is a welcome start to 2023
After going through a series of shocks from political changes in the UK, the pensions industry now has some very welcome political developments to address in the months ahead, thanks to pensions minister Laura Trott.
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NewsPension savers lose £1.7bn on retirement transition
On the go: Workplace pension scheme members are losing around £1.7bn a year during their transition into and in retirement, according to new research from master trust HSBC Tomorrow.
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OpinionWe need to shift outdated dialogue to increase member value
Despite all the evidence to support changing member needs and growing risk within the way we operate, why does the pensions industry’s historical approach to delivering member value remain dominant?
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NewsHSBC adverts banned after greenwashing complaints
On the go: In the first ruling of its kind, the UK’s advertising watchdog has banned a series of sustainability focused advertisements from HSBC bank because of their misleading environmental claims.
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NewsNine new pension funds sign up to UK Stewardship Code
On the go: HSBC Bank (UK) Pension Scheme, Royal Mail Pension Plan, and the NatWest Group Pension Fund are among the nine new pension schemes that have successfully signed up to the UK Stewardship Code.
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NewsHSBC pensions ‘clawback’ resolution defeated at AGM
On the go: A resolution against so-called pensions “clawback” at HSBC was defeated at the bank’s annual meeting, with 94 per cent of votes cast against abolishing the practice.
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NewsUnite campaigners plan pensions clawback protest at HSBC AGM
Members of the Unite trade union will protest outside HSBC’s annual meeting, in the latest chapter of a long-running saga over employees’ pensions.
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FeaturesCOP26: Mobilising finance to immobilise climate change
COP26 will kick-off on October 31, a date surely circled on the calendar of pension scheme professionals across the country, as dominating this year’s conference will be a highly anticipated update on the progress of meeting global net-zero targets by 2050.
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NewsUSS invests in climate fund, Aegon’s ESG assets top £10bn
ESG Spotlight: A roundup of the latest news on environmental, social and governance initiatives, with the Universities Superannuation Scheme investing in a climate fund, Aegon strengthening its commitments to make default funds net-zero and banks calling for support of a new sustainable infrastructure label.
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NewsFourteen pension schemes commit to net-zero targets
On the go: Fourteen pension schemes, which collectively manage nearly £270bn of assets, have committed to set net-zero targets to align their investment portfolios with a 1.5C pathway.
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Brunel sees successful engagement with HSBC on fossil fuel financing
On the go: Brunel Pension Partnership, composed of 10 Local Government Pension Scheme funds with £30bn in assets under management, has claimed a role in UK bank HSBC’s board-backed resolution to lower fossil fuels.
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LGPS funds call on HSBC to reduce fossil fund assets exposure
On the go: Brunel Pension Partnership, Islington Pension Fund and Merseyside Pension Fund are three of the 15 institutional investors that have filed a climate change resolution at HSBC.
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Investors sound alarm over AGM shut-outs
On the go: Two-thirds of FTSE 100 companies that have announced annual meetings plan to conduct them behind closed doors under the Covid-19 lockdown, sparking concerns over shareholder rights.
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HSBC DC members affected by property fund suspensions
On the go: Members of the defined contribution section of the HSBC Bank (UK) Pension Scheme have been affected by a suspension of several property funds due to the Covid-19 crisis.
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NewsCovid-19: Volatility returns to markets after UK banks scrap dividends
While UK banks suspended dividend payments amid pressure from the regulator, European markets returned to volatile conditions. Meanwhile, FTSE 350 companies’ defined benefit schemes reached an accounting surplus.
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HSBC ahead of curve with TCFD compliance
As the government seeks powers to mandate pension schemes to disclose their climate change risks, the HSBC Bank (UK) Pension Scheme is already on its second report under the Task Force on Climate-related Financial Disclosures.
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TPR approves HSBC master trust
On the go: The HSBC Master Trust has become the first new scheme to be authorised by the Pensions Regulator, bringing the total number of authorised schemes to 38.
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SNP vows to end executive pay pensions gap
On the go: The Scottish National Party will support moves to ensure executive pension contributions are the same as for all workers.
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HSBC scheme agrees £7bn longevity swap package
On the go: Trustees of the HSBC Bank UK Pension Scheme have agreed the second-largest longevity swap in UK history, insuring £7bn of the scheme's liabilities against living too long.
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OpinionThe rise and rise of factor investing
Data Crunch: Factor investing has attracted a lot of attention from the UK pensions industry. Defined benefit schemes have seen factors as a way to diversify their growth assets and achieve greater control of risk, while defined contribution schemes are exploring default investment strategies that may offer better value for money to their members.