All illiquid assets articles – Page 3
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NewsOpperman slates lack of long-term vision in pensions, hints at reshuffle
Pensions minister Guy Opperman has suggested a reshuffle may be on the cards, and has criticised a perceived lack of long-term vision in the pensions industry.
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NewsFTSE 100 firms lagging on data, half of schemes have impact investments
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with a majority of FTSE 100 companies still failing to disclose diversity and welfare data in their annual reports, and Big Society Capital finding that half of all UK pension funds now hold some form of impact investment.
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NewsDC focus turns to member outcomes but retirement uncertainty remains
Data crunch: Despite almost half of defined contribution schemes now stating their main aim is to deliver adequate retirement income for members, 63 per cent do not know what is the expected outcome for a typical member at retirement, according to new research.
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NewsDC schemes target private markets as room for illiquid assets increases
Data crunch: UK defined contribution pension schemes poured around £1bn into private markets last year as the search for yield intensified, according to MandateWire data.
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NewsTwo-thirds of trustees are looking beyond buyouts
On the go: Two-thirds of pension trustees are considering other options besides buyouts as part of their schemes’ long-term funding goals, new research has revealed.
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NewsUK pension assets regain second place in global pensions market
On the go: UK pension assets have surged past Japan to retake second place in the world’s pensions market, according to new research.
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NewsPodcast: Government must set a timeline for auto-enrolment expansion
Podcast: Auto-enrolment could bring significant benefits to the young, the low-paid and women, and the government must commit to a date to expanding coverage, according to Now Pensions’ head of PR and campaigns, Samantha Gould. She is joined by Linklaters pensions partner John Sheppard to discuss AE, pensions dashboards, and illiquid investments by defined contribution schemes.
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NewsMid-sized deals prompt strong growth in bulk annuities market
On the go: Strong demand for bulk annuity transactions is likely to persist until the end of the decade, with annual liability deals totalling around £40bn, according to a new report from Moody’s Investors Service.
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NewsAlternative assets could give DC higher returns with no extra risk
Alternative assets could present defined contribution schemes with a means to increase value for members without taking on any extra risk, according to a new report from the Pensions Policy Institute.
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NewsTweaking the charge cap will not solve DC illiquids conundrum
As the government’s consultation on removing performance fees from the charge cap — designed to assist defined contribution schemes looking to invest in illiquids — closed on Tuesday, industry experts have warned that the measure may make very little difference, and may in fact prove counterproductive.
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NewsAccess pool appoints illiquids alternatives consultant
On the go: The Access pool, which handles £32.6bn in pension assets for 11 Local Government Pension Scheme funds worth a collective £55.6bn, has selected MJ Hudson as its implementation adviser for the pooling of illiquid assets.
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NewsSolvency II reform could unlock ‘tens of billions’ in investments
On the go: The reform of the EU’s Solvency II requirements would unlock a “Brexit bonus” amounting to “tens of billions” of pounds in long-term infrastructure investment, according to a new report from the Pension Insurance Corporation.
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NewsDB schemes derisk investments as funding levels improve
On the go: Defined benefit schemes are increasingly looking to derisk their investment approach to protect their improved funding levels, according to new research from Aon.
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OpinionSchemes need to consider illiquids in endgame scenarios
With most defined benefit pension funds having an eye on the ‘endgame’, and for many this ultimately meaning buyout, a wariness towards locking assets up into illiquids that are hard to sell is not surprising.
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NewsDC schemes could allocate almost half of assets to illiquids
On the go: Defined contribution schemes could allocate up to 40 per cent of assets to illiquids for younger members to help improve their outcomes, according to new research from Hymans Robertson.
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NewsGovt to remove performance fees from DC charge cap
The Department for Work and Pensions has launched a consultation that will seek out policy proposals to exclude investment performance fees from the defined contribution charge cap.
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NewsBudget 2021: Sunak announces further changes to DC charge cap
Chancellor of the exchequer Rishi Sunak announced on Wednesday that the government will consult “within the next month” on further changes to the charge cap intended to encourage more investment in illiquid assets by defined contribution schemes. But experts have said this is “missing the point”.
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NewsBudget 2021: Missed opportunity to tackle pensions ‘ticking time-bomb’
Following a Budget speech light on pensions policy announcements, the industry has been weighing in on what has been revealed, including a consultation on the charge cap and a new tax relief for low earners in net pay schemes, while others say that the chancellor has not done enough to address industry concerns.
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NewsSchemes enable more CO2 than entire UK carbon footprint
ESG spotlight:A roundup of the latest news on environmental, social and governance initiatives, including analysis showing the UK’s pensions market would be in the top 20 global carbon emitters if it was a country, and a study concluding that less than 1 per cent of fund assets are Paris-aligned.
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NewsFCA pushes ahead with new illiquids fund for DC schemes
Pension funds will have access to a Long-Term Asset Fund regime following changes made by the Financial Conduct Authority, with special flexibility afforded to defined contribution schemes to invest in illiquid assets.