All property articles
-
NewsPrivate markets: DC funds plot 'outsized' UK allocations
Master trust providers plan to back the government’s push for greater investment in productive finance with “outsized” domestic allocations, according to research.
-
NewsLGPS update: ACCESS, LGPS Central allocate to real estate strategies
The ACCESS asset pool has appointed Orchard Street Investment Management to run a £100m impact real estate strategy on behalf of its 11 partner funds.
-
NewsUK investors flock to real assets and private markets despite red flags
Analysis: UK investors led the charge to real assets and private markets last year as interest in alternatives remained high, despite warnings that macroeconomic pressures could have a negative impact on certain alternative asset classes.
-
NewsLGPS funds pile into illiquid alternatives amid soaring inflation
Data crunch: Local authority schemes have committed more than £10bn to illiquid alternatives in 2022 as the hunt for inflation-linked cash flows and attractive returns intensifies, according to MandateWire data.
-
NewsBrunel invests in impact fund, EAPF commits to venture capital
ESG spotlight: A round-up of the latest news on environmental, social and governance initiatives, including Brunel Pension Partnership investing in an impact fund and the Environment Agency Pension Fund committing to a climate venture capital fund.
-
NewsLGPS funds target illiquid assets and emerging market equities
Illiquid alternatives have been the most sought-after investments among local authority pension funds this year, while schemes are also set to take advantage of selected investment opportunities in emerging markets.
-
NewsLDI: L&G admits markets turmoil ‘caused challenges’ for clients
Market moves: Legal & General notes the problems posed for clients by the speed of recent rate increases, asset managers limit withdrawals from property funds, and soaring gilt yields supercharge defined benefit scheme funding levels.
-
NewsWest Yorkshire Pension Fund averts recruitment crisis
On the go: The £17.8bn West Yorkshire Pension Fund has made three senior appointments to its in-house investment team in response to ‘critical’ staffing issues that occurred last year. It has also weighed up the risk of handing assets over to external managers in the future.
-
NewsMindset shift key to private markets in DC, trustees told
Allocating capital to long-term illiquid assets requires a shift in focus from cost to value, according to panellists at the Pensions and Lifetime Savings Association’s investment conference.
-
NewsCharge cap proposals criticised as govt launches illiquids consultation
The government has said it will “take time to consider” industry concerns around its proposals to exclude performance fees from the charge cap, and has launched a combined consultation into other ways in which to encourage defined contribution schemes to invest in illiquid assets.
-
NewsLGPS Central appoints property and investment manager
On the go: LGPS Central, which has around £49bn in assets under management on behalf of eight Local Government Pension Scheme funds, has awarded a contract for property and investment management services.
-
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”.
-
NewsPodcast: Mandating net zero could ‘cut straight through’ fiduciary duties
Podcast: The government mandating default funds be aligned with ‘net zero’ would be a way around concerns about fiduciary responsibility, but there are questions about what this would mean in practice. Stuart O’Brien, partner at Sackers, and Gareth Stears, pensions technical consultant at Aries Insight, discuss environmental, social and governance issues, social housing, and the Pensions Regulator’s controversial criminal powers.
-
NewsMorrisons schemes granted additional security in takeover bid
On the go: An agreement has been reached between a private equity manager and the trustees of Morrisons’ defined benefit schemes to grant additional security, as the attempted takeover of the supermarket chain progresses.
-
NewsPearl Group pension fund completes further buy-in
On the go: The £2.9bn Pearl Group Staff Pension Scheme, one of Phoenix Group’s main pension schemes, has completed a second £998m buy-in with the group’s life assurance company, Phoenix Life.
-
NewsTapping DC schemes for growth fund raises industry concern
Chancellor Rishi Sunak is reportedly hoping to draft defined contribution schemes into propping up the government’s proposed Long-Term Assets Fund, though experts have raised concerns about its practicality.
-
NewsStrathclyde Pension Fund updates investments to target net zero
On the go: The £26.8bn Strathclyde Pension Fund has agreed to a series of commitments to cut its carbon emissions, including targeting net zero by 2050.
-
NewsUSS invests in Iberian solar energy platform
On the go: The £67.6bn Universities Superannuation Scheme has invested €225m (£193.7) in an Iberian solar energy platform.
-
NewsCost Transparency Initiative sees 23% spike in schemes’ uptake
On the go: The Cost Transparency Initiative has recorded a 23 per cent increase in uptake during the past year, with 79 per cent of pension schemes now making use of its framework.
-
NewsFCA proposes new illiquid fund structure for DC schemes
On the go: The Financial Conduct Authority is proposing a new category of fund that will allow defined contribution schemes to invest in illiquid assets.