All pooling articles – Page 4

  • News

    Councils fear loss of control under London CIV proposals

    2018-03-13T00:00:00Z

    The London Collective Investment Vehicle has announced a number of upgrades to its governance structures in response to personnel changes, but local authority participants still have fundamental concerns about how investing in the pool will work.

  • News

    Border to Coast pool makes senior appointments

    2018-01-23T00:00:00Z

    The Border to Coast Pensions Partnership has appointed an interim chief investment officer, chief risk officer and head of equities and alternatives.

  • Opinion

    Uncharted waters: What lies ahead for LGPS pools?

    2018-01-11T00:00:00Z

    When former chancellor George Osborne made clear the government’s intention to create six British wealth funds, the prospect of pooling made quite a splash.

  • News

    Welsh pension pool appoints investment adviser and operator

    2018-01-08T00:00:00Z

    The Wales Pension Partnership has appointed Russell Investments for investment management and investment advisory services and Link Asset Services as an operator to establish and run a collective investment vehicle. 

  • Features

    Wholesale changes to rules are needed to enable DB consolidation

    2017-09-28T00:00:00Z

    Pensions Expert 20th Anniversary: Amalgamating defined benefit corporate pension funds could reduce costs, improve investment and make for better governance, but it is still unclear whether full DB consolidation is a chimera or the fix to a fragmented system.

  • News

    Manager stops single fund meetings as LGPS pools take shape

    2017-08-24T00:00:00Z

    Fund manager Baillie Gifford has stopped attending and presenting at committee meetings of several Local Government Pension Scheme clients, demonstrating the trade-off between fees and face-to-face interaction that can come with asset pooling.

  • John MacDonald
    Opinion

    How far have we come with LGPS infrastructure investment?

    2017-07-24T00:00:00Z

    At the outset of the Local Government Pension Scheme pooling initiative, George Osborne’s Treasury expressed its disappointment at the average LGPS infrastructure allocation of just 1 per cent in England and Wales.

  • Andy Todd
    Opinion

    What are the obstacles to DB consolidation?

    2017-06-26T00:00:00Z

    The UK government, multiple industry figures, and many of those within the pensions world have been highlighting the virtues of consolidation as one possible solution to the UK’s defined benefit deficits.

  • Features

    Dyfed 97% funded but private schemes lag behind

    2017-05-05T00:00:00Z

    The Dyfed Pension Fund is approaching solvency as an investment review is set to largely stick with the scheme’s equity-heavy asset allocation, making for a sharp contrast to the situation at many private sector schemes.

  • Vivek Paul
    Opinion

    Will government infrastructure investment crowd out pensions?

    2017-02-06T00:00:00Z

    With monetary policy reaching its limits, we expect to see a global shift to fiscal policy in coming years. Additional infrastructure spending is increasingly likely – economists suggest it contributes more to economic growth than other fiscal policies.

  • Andy Todd
    Opinion

    LGPS funds tackle a range of challenges head on

    2017-01-30T00:00:00Z

    From the blog: More than half (56 per cent) of global public pension funds with assets under management of $10bn (£8bn) or more feel under pressure to cut costs. 

  • Features

    Brexit, pooling and transparency: Top investment stories from 2016

    2016-12-15T00:00:00Z

    Year in review: Investment fees and the impact of Brexit on schemes’ portfolios stood out among the most salient subjects for pension schemes in 2016, while the ongoing low-yield environment prompted funds to seek higher returns and cut back on costs.

  • Features

    Combined Nuclear seeks inflation linkage with ground rents

    2016-12-02T00:00:00Z

    The Combined Nuclear Pension Plan has added a commercial ground rents fund to its portfolio as part of its interest in assets with long-term inflation-linked cash flows.

  • Opinion

    Can global DB experience help the UK out of crisis?

    2016-11-30T00:00:00Z

    UK pensions, we are often told, are in crisis. Sustained downward pressure on yields have widened scheme deficits over the year, with the prospect of higher inflation just another concern to add to trustees’ agendas.

  • David Walker
    Opinion

    Where the LGPS currently stands on pooling

    2016-11-15T00:00:00Z

    Nearly 12 months have passed since the government set out the criteria for pooling Local Government Pension Scheme investments in England and Wales. Since then, administering authorities have come together to set out their proposals on pooling and how they would meet those criteria.

  • Lesley Titcomb
    Opinion

    The interview: Lesley Titcomb, chief executive of TPR

    2016-10-21T00:00:00Z

    In an interview with Pensions Expert, chief executive of the Pensions Regulator Lesley Titcomb gives her views on why the regulator needs greater powers, where scheme consolidation makes most sense, and why the debate around defined benefit should not be had in isolation.

  • Opinion

    Bringing pension schemes together

    2016-10-21T00:00:00Z

    Editorial: The efforts made to outdo each other with yet another game, more champagne or an enormous plastic animal at the stand have reached a new level at the Pensions and Lifetime Savings Association’s Annual Conference this year.

  • Opinion

    LPP: Why private sector schemes should pool assets

    2016-10-17T00:00:00Z

    It is interesting to learn that corporate pension funds, small and large, are being encouraged to come together, if not to merge but certainly to share management and pool assets. 

  • News

    Access set to rent as pools decide on structure

    2016-09-26T00:00:00Z

    The Access pool of the Local Government Pension Scheme is looking into renting a provider for the structure of its investment vehicle, but there are different options for pools depending on how much they want to outsource.

  • Pooled UK local authority pension funds as at Q4 2015
    News

    LGPS guidance opens doors for both investment and intervention

    2016-09-21T00:00:00Z

    Local government pension schemes will enjoy greater flexibility with their investment arrangements, guidance on forthcoming regulation indicates, but concerns remain about the scope for government intervention.