Pension Funds Insider

Pension Funds Insider brings the latest pensions news and industry insights; from investment and governance updates to new mandate appointments and pensions regulatory information.

Investment

Image for AXA IM launches China fund

AXA IM launches China fund

21 September 2017

AXA Investment Managers (AXA IM) has launched the AXA World Funds China Short Duration Bonds fund, giving investors exposure to the 56 trillion (€7 trillion) renminbi (RMB) bond market.

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Image for Emerging market equity most popular asset class with pension schemes

Emerging market equity most popular asset class with pension schemes

14 September 2017

Emerging market equity is the asset class being considered by the most investors for the six months ahead, according to a survey of pensions schemes, asset managers, and consultants.

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Image for Worldwide pension fund assets increased in value in 2016

Worldwide pension fund assets increased in value in 2016

07 September 2017

Assets under management at the world's largest pension funds increased in value by 6.1%, $15.7 trillion in 2016, according to research from Willis Towers Watson.

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Image for Finnish fund drops US stocks from portfolio

Finnish fund drops US stocks from portfolio

31 August 2017

Finland's largest pension fund has reduced its US stocks after questioning the legitimacy of Donald Trump's presidency.

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Image for Thirty years in the making

Thirty years in the making

23 August 2017

2017 marks Legal & General's 30th year in the bulk annuity market. Ashu Bhargava reflects on some of the key changes in the industry over the past three decades.

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Image for Buy-in and buy-out volumes almost double in first half of 2017

Buy-in and buy-out volumes almost double in first half of 2017

10 August 2017

UK pension schemes completed £5.1bn of pension buy-ins and buy-outs in the first half of 2017 – an 88% increase on the same period last year.

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Image for New fund launched for emerging markets

New fund launched for emerging markets

04 August 2017

BMO Global Asset Management has launched a new fund that will invest in small companies in emerging markets.

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Image for Legal & General launches equity fund with Boots Pension Scheme

Legal & General launches equity fund with Boots Pension Scheme

27 July 2017

Legal and General Investment Management (LGIM) has launched a multi-factor global equity fund with initial investment from Boots Pension Scheme.

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Image for Introducing Resilient Credit

Introducing Resilient Credit

18 July 2017

This paper explores what Allianz Global Investors introduces as "Resilient Credit"

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Image for Kames Capital launches new property fund

Kames Capital launches new property fund

07 July 2017

Kames Capital has launched a new fund that enables pension schemes to track the commercial property funds market.

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Image for PSP announces strong financial results

PSP announces strong financial results

15 June 2017

One of Canada's largest pension investment managers has announced an increase in its net assets for 2017.

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Image for Reaping the Benefits of Listed Infrastructure Through a Passive Investment

Reaping the Benefits of Listed Infrastructure Through a Passive Investment

15 June 2017

Investors are expected to finance part of the ambitious infrastructure bill in Europe and the US – and benefit from it.

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Image for Lancashire County Pension Fund invests in London 'built-to-rent' development

Lancashire County Pension Fund invests in London 'built-to-rent' development

09 June 2017

Lancashire County Pension Fund (LCPF) has invested in a purpose-built rental development in Hayes, west London.

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Image for Shifting global trade patterns bring new opportunities

Shifting global trade patterns bring new opportunities

07 June 2017

In this article Capital Group looks at the shifting global trade landscape, with the advancement in digital economies comes a host of difficulties and as their size grows, issues related to digital commerce and intellectual property gain prominence in trade agreements.

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Image for College of Law completes £28m pensioner buy-in

College of Law completes £28m pensioner buy-in

23 May 2017

The College of Law Pension and Assurance Scheme has completed a £28million pension buy-in with Aviva.

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Image for BlackRock expands Tax Transparent Funds for UK schemes

BlackRock expands Tax Transparent Funds for UK schemes

11 May 2017

BlackRock is increasing its range of Tax Transparent Funds to meet the growing demand from UK pension funds.

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Image for VSTOXX Interest Jumps amid Record Low European Volatility

VSTOXX Interest Jumps amid Record Low European Volatility

05 May 2017

Amid a surge in investor optimism, volatility in European equities has sunk. The EURO STOXX 50® Volatility Index, or VSTOXX®, last month touched historical lows. Meanwhile, trading in derivatives on the benchmark for volatility in Eurozone stocks has reached an all-time high.

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Image for AXA to divest from coal companies

AXA to divest from coal companies

28 April 2017

AXA Investment Managers (AXA IM) is divesting from companies that get more than half their revenue from coal.

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Image for Original thinking in emerging markets

Original thinking in emerging markets

27 April 2017

Understanding what drives valuations and differentiates markets is key to delivering attractive long-term investment returns

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Image for Bernard Matthews pension scheme owner 'lined own pockets'

Bernard Matthews pension scheme owner 'lined own pockets'

20 April 2017

The former owners of Bernard Matthews lined their own pockets by rejecting a buyout offer that would have protected the company pension scheme, according to the Work and Pensions Committee.

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Image for A time for reflection

A time for reflection

19 April 2017

How often have you looked back and thought "it was obvious, why didn't I act?" Hindsight is a wonderful thing; the challenge is recognising when you are at a seminal moment in time. As we enter 2017, are we at such a moment?

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Image for Pensions schemes paying investment managers 70% more

Pensions schemes paying investment managers 70% more

13 April 2017

Investment managers are earning up to 70% more from pension schemes than they were six years ago, according to LCP's Investment Management Fee survey.

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Image for Remaining faithful to active investing

Remaining faithful to active investing

12 April 2017

John "Jack" Bogle, the retired founder of The Vanguard Group, wrote in his Princeton University thesis in 1951 that mutual funds "may make no claim to superiority over the market averages" (1). While he expected "mutual funds to live up to this responsibility and become much more active in the future", it seems nothing much has changed.

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Image for Changes to public sector pension scheme asset allocation

Changes to public sector pension scheme asset allocation

23 March 2017

Public sector pension funds have increased their exposure to alternative assets over the last three years.

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Image for Bulk annuities topped £10bn in 2016

Bulk annuities topped £10bn in 2016

23 March 2017

Pension buy-ins and buy-outs by UK pension schemes came to £10.2bn in 2016, according to consultants LCP.

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Image for How the overlooked middle ground could help solve the cash  flow challenge

How the overlooked middle ground could help solve the cash flow challenge

08 March 2017

Defined benefit (DB) pension schemes are rapidly moving into cash flow negative territory. As their members grow older, it's time to make good on those pension promises.

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Image for New report looks at ESG risks for DC funds

New report looks at ESG risks for DC funds

23 February 2017

The Pensions and Lifetime Savings Association (PLSA) has released a new report into the environmental, social, and governance (ESG) risks facing Defined Contribution (DC) pension schemes.

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Image for PiP acquires six solar farms

PiP acquires six solar farms

16 February 2017

Pensions Infrastructure Platform (PiP) is acquiring six solar farms from Trina Solar Limited, as part of its ongoing investment in UK infrastructure.

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Image for Land Securities Group scheme completes £110m buy-in

Land Securities Group scheme completes £110m buy-in

09 February 2017

The pension and assurance scheme of FTSE 100-listed company, Land Securities, has completed a £110million buy-in with insurer, Just.

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Image for Anticipating Real Estate Capital Markets Downturns

Anticipating Real Estate Capital Markets Downturns

30 January 2017

This paper discusses the importance of capital markets for real estate investing, identify tools and techniques for tracking capital markets across the globe, and provide a simple framework for collating he best leading indications of the next turning point in the current cycle in the three regions where are most active; North America, Europe and Asia – Pacific.

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Image for £25bn could be wiped off DB debt

£25bn could be wiped off DB debt

26 January 2017

Trustees of the UK's defined benefit (DB) pension schemes could reduce the collective UK deficit by £25bn by more accurately predicting how long people will live.

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Image for Climate change framework launched

Climate change framework launched

12 January 2017

Some of the UK's biggest pension schemes have co-founded an initiative to understand how the transition to a low carbon economy affects their investments.

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Image for PiP deal for Railways Pension Scheme

PiP deal for Railways Pension Scheme

15 December 2016

The Pensions Infrastructure Platform (PiP) has helped to refinance a portfolio of 1,911 rooftop solar assets to provide £20.3million of inflation linked to debt capital for the Railways Pension Scheme.

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Image for MPs launch campaign for greener pension fund investment

MPs launch campaign for greener pension fund investment

08 December 2016

A cross-party group of MPs and 350.org, the climate campaign group, has launched a campaign calling for greater transparency on the Parliamentary pension fund.

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Image for PIP infrastructure fund completes first equity investment

PIP infrastructure fund completes first equity investment

02 December 2016

The PIP Multi-Strategy Infrastructure Fund (MSIF) has acquired a portfolio of 31 individual wind turbines.

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Image for Workplace pension savers back higher contributions

Workplace pension savers back higher contributions

18 November 2016

More than half the people currently saving into a workplace pension would be willing to contribute more, according to new research by Aviva.

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Image for Trump victory benefits DB schemes

Trump victory benefits DB schemes

18 November 2016

The total UK DB scheme deficit has gone down by more than £35bn since the US election result, according to pensions specialist Hymans Robertson.

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Image for Hymans Robertson introduces new DC approach

Hymans Robertson introduces new DC approach

03 November 2016

Pensions and benefits consultancy Hymans Robertson has launched a new approach to Defined Contribution (DC) investment.

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Image for PLSA launches three new Made Simple guides

PLSA launches three new Made Simple guides

27 October 2016

The Pension and Lifetime Savings Association launched three new guides at its annual conference in Liverpool last week.

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Image for Lifetime ISA popular with under 40s

Lifetime ISA popular with under 40s

27 October 2016

Two-thirds of workers under 40 would open a Lifetime ISA (LISA), according to new research from Hymans Robertson.

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Image for UK drops down two places on Australian pension index

UK drops down two places on Australian pension index

27 October 2016

The UK has dropped from ninth to 11th in this year's Melbourne Mercer Global Pension Index (MMGPI).

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Image for Pension Funds could save £800k per year

Pension Funds could save £800k per year

13 October 2016

Greater transparency of costs and charges could have a significant, positive impact on pension funds, according to The Association of Member Nominated Trustees (AMNT).

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Image for White paper says pension funds can reduce deficit

White paper says pension funds can reduce deficit

06 October 2016

MIDIS reports on the impact private debt market investments could have on UK pension fund liabilities.

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Image for China's  Impact on Australian Real Estate

China's Impact on Australian Real Estate

16 September 2016

Focusing on how China has become enormously important to the Australian economy as its largest export destination, a rapid source of growth in inbound international tourism and migration, plus a strong source of foreign investment.

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Image for Pension Wise to extend service to advise on secondary annuity market

Pension Wise to extend service to advise on secondary annuity market

16 September 2016

The government plans to create further access to Pension Wise for those considering selling their annuities.

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Image for The Case for UK Private Rented Sector

The Case for UK Private Rented Sector

12 September 2016

The UK PRS offers institutions a compelling combination of reliable income growth and robust capital values

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Image for The Chancellor announces plans for the launch of the new Lifetime ISA

The Chancellor announces plans for the launch of the new Lifetime ISA

09 September 2016

The government announces they are close to launching the new Lifetime Savings Account with some firms saying they are ready to offer their own LISAs by April.

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Image for The Case for Investing in US Core Real Estate

The Case for Investing in US Core Real Estate

06 September 2016

Providing efficient access to the diverse U.S. Market

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Image for Beginning of the end for DB schemes, says Hymans Robertson

Beginning of the end for DB schemes, says Hymans Robertson

02 September 2016

The head of corporate consulting at independent consultant Hymans Robertson says Defined Benefit pensions will become a thing of the past.

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Image for Young people struggle to save, says PLSA

Young people struggle to save, says PLSA

26 August 2016

People aged between 18 and 35 feel pressured to save but feel they can't, according to new research from the Pensions and Lifetime Savings Association (PLSA).

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Image for DB schemes will buy £300bn of gilts

DB schemes will buy £300bn of gilts

25 August 2016

A report from pensions specialist Hymans Robertson found demand from DB schemes to transact bulk annuity buy-ins will reach £350bn by 2026.

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Image for European Regional Economic Growth Index 2015

European Regional Economic Growth Index 2015

18 August 2016

LaSalle's annual European Regional Economic Growth Index (E-REGI) identifies European regions with the best economic prospects. Our analysis identifies that European regions, but our interest predominately goes out to the 100 major cities that are discussed in this report.

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Image for BlackRock completes final close for Renewable Income Europe Fund

BlackRock completes final close for Renewable Income Europe Fund

11 August 2016

BlackRock Real Assets has completed the final close for its Renewable Income Europe fund with €650 million in commitments secured from more than 25 institutional investors in Europe and Asia.

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Image for ICI pension fund first to try new risk assessment technology

ICI pension fund first to try new risk assessment technology

04 August 2016

New technology to help pension schemes assess longevity risk is now being used by its first schemes.

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Image for Legal & General to make longevity insurance mainstream

Legal & General to make longevity insurance mainstream

02 August 2016

Legal & General is joining forces with a specialist longevity information service to bring automated longevity insurance pricing to defined benefit (DB) pension schemes.

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Image for L&G completes £750million ICI buy-in

L&G completes £750million ICI buy-in

21 July 2016

The ICI Pension Fund has completed a £750million buy-in with Legal & General.

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Image for UK pension schemes see deficit decrease following Brexit

UK pension schemes see deficit decrease following Brexit

14 July 2016

LDI will have provided pension schemes with some protection after the EU referendum - says Xafinity.

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Image for BlackRock launches alternative income fund for UK DB schemes

BlackRock launches alternative income fund for UK DB schemes

07 July 2016

BlackRock has launched a new income fund for DB schemes which has access to a range of income sources.

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Image for Lifetime ISA 'not a threat'

Lifetime ISA 'not a threat'

07 July 2016

The introduction of the new Lifetime ISA, or LISA, in 2017 could encourage people to save, according to financial education specialist, Wealth at Work.

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Image for Brexit to fuel demand for UK pensions to be moved

Brexit to fuel demand for UK pensions to be moved

30 June 2016

Brexit will be a trigger for people to move their British pensions out of the UK, according to deVere Group CEO Nigel Green.

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Image for Brexit uncertainty leads to increased DB scheme deficit

Brexit uncertainty leads to increased DB scheme deficit

23 June 2016

Uncertainty in the lead up to yesterday's EU referendum led to the UK's collective DB pension deficit increasing to £850bn.

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Image for Smaller pension funds most at risk from volatile market

Smaller pension funds most at risk from volatile market

16 June 2016

The UK's smaller pension funds are more exposed than others to market volatility linked with the forthcoming EU referendum, according to new research.

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Image for Unilever pension chief joins 300 Club

Unilever pension chief joins 300 Club

16 June 2016

Mark Walker, the global chief investment officer and managing director of Unilever's internal pension investment organisation, is the latest new member of the 300 Club.

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Image for 97% of large final salary schemes closed to new members

97% of large final salary schemes closed to new members

26 May 2016

The fourth annual survey of UK defined benefit (DB) schemes with assets over £1billion has found just three per cent are still open to new members.

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Image for PiP reaches £125million for UK infrastructure

PiP reaches £125million for UK infrastructure

28 April 2016

The Pensions Infrastructure Platform (PiP) has secured GBP 125million of pension scheme investor commitments for its PiP multi-strategy fund.

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Image for Fiduciary Management Fees Survey

Fiduciary Management Fees Survey

28 April 2016

Fiduciary management continues to grow in popularity, but what does it cost? EY explains the findings of the 2015 Fees survey

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Image for UK millennials to embrace annuities

UK millennials to embrace annuities

21 April 2016

Younger people intend to include annuities in their retirement strategies, despite sweeping changes to pension rules, a new survey has found.

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Image for Wealthy professionals choose risk over retirement

Wealthy professionals choose risk over retirement

15 April 2016

Wealthy professionals are rejecting retiring at 65 in favour of starting a business, pursuing an alternative career or doing good, according to a new report by UBS Wealth Management.

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Image for PLSA responds to European Commission consultation

PLSA responds to European Commission consultation

08 April 2016

The PLSA has responded to the European Commission's consultation on long-term and sustainable investment.

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Image for Details of Legal & General bulk annuity deal with Kingfisher

Details of Legal & General bulk annuity deal with Kingfisher

01 April 2016

 L&G revealed it had completed the UK's largest medically underwritten bulk annuity with a UK defined benefit pension scheme, in December 2015.

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Image for Will the new Lifetime ISA impact pensions as much as initially feared?

Will the new Lifetime ISA impact pensions as much as initially feared?

24 March 2016

During last week's budget the Lifetime ISA (LISA) was announced and the focus turned to the future of pensions.

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Image for Fund managers should treat climate change as 'significant risk'

Fund managers should treat climate change as 'significant risk'

18 March 2016

Climate change will have far reaching implications for companies and assets that pensions funds invest in, according to chief investment officer at The Pensions Trust, David Adkins.

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Image for PiP launches infrastructure fund

PiP launches infrastructure fund

11 March 2016

The Pensions Infrastructure Platform (PiP) launched the PiP "multi-strategy infrastructure fund" this week with a target size of £1billion.

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Image for Experts divided on flat rate tax relief

Experts divided on flat rate tax relief

03 March 2016

Fundamental changes to tax relief are coming and everyone agrees that an ISA-style system won't work - but is a flat rate the answer?Sara Benwell, digital editor of Pensions Insight and Engaged Investor explores the alternatives.

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Image for Local government pension scheme consultation closes

Local government pension scheme consultation closes

24 February 2016

A government consultation on revoking and replacing LGPS regulation has been welcomed by the Pensions and Lifetime Savings Association.

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Image for M&G launches first investment in European long lease property

M&G launches first investment in European long lease property

19 February 2016

M&G Investment has launched a new fund offering pension funds and other investors the opportunity to invest in European real estate.

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Image for Barnet Waddingham recognised for 'outstanding' customer service

Barnet Waddingham recognised for 'outstanding' customer service

04 February 2016

Barnett Waddingham has been assessed as 'outstanding' for its customer service levels for SIPP and SSAS

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Image for Royal Mail first to receive PASA accreditation

Royal Mail first to receive PASA accreditation

28 January 2016

The Pensions Administration Standards Association (PASA) has announced Royal Mail is the first organisation to achieve reaccreditation.

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Image for Haringey to invest £200m in green fund

Haringey to invest £200m in green fund

21 January 2016

Haringey Borough Council in London has pledged to invest one third of its equity funds into a low carbon fund.

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Image for DB schemes have more than £1trillion of unhedged interest rate exposure

DB schemes have more than £1trillion of unhedged interest rate exposure

14 January 2016

UK defined benefit (DB) schemes have more than £1trillion of unhedged interest rate exposure, despite the value of assets held on bonds nearly tripling over the past decades, new research has revealed.

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Image for Climate change agreement to impact investors

Climate change agreement to impact investors

18 December 2015

Investors needs to consider how the new climate change agreement will change their investment portfolios, according to the head of sustainable funds at Royal London Asset Management.

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Image for Hermes report outlines sustainable strategy

Hermes report outlines sustainable strategy

03 December 2015

Hermes Investment Management, the £29.5billion manager, has published a report outlining how to deliver sustainable, risk adjusted returns.

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Image for LGPS group invests £6.5bn in pooled funds

LGPS group invests £6.5bn in pooled funds

03 December 2015

The Shires, a group of seven UK Local Government Pension Scheme (LGPS) funds, is investing £6.5bn in pooled funds managed by Legal & General

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Image for Autumn statement: Guidance published for pooling LGPS into wealth funds

Autumn statement: Guidance published for pooling LGPS into wealth funds

26 November 2015

The government has published criteria and guidance for pooling the Local Government Pension Scheme (LGPS) into six 'British Wealth Funds' worth at least £25bn each.

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Image for The New Geography of Investing

The New Geography of Investing

20 November 2015

Today's investment environment requires a truly global perspective, a vision that takes into account the changing nature of the world's economies and markets. Because multinational or global companies now represent a driving force in worldwide economic integration, it may no longer be sufficient to follow the traditional paradigm of investing in companies based on their country of domicile. The domicile approach to measuring geographic exposures - one of the primary building blocks of asset allocation - arguably is less relevant and increasingly disconnected from the fundamentals that drive companies and portfolios. We believe an additional way to look at companies, and evaluate portfolios, is to consider where those companies do business, not where they are headquartered - an approach that contributes to a 'new geography of investing'.

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Image for Charities failing to take action on fossil fuels

Charities failing to take action on fossil fuels

13 November 2015

Fewer than a third of UK charities have looked at the debated issue of fossil fuel exclusion, according to the second annual Newton Charity Investment Survey.

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Image for AXA bond to help transition to low carbon

AXA bond to help transition to low carbon

12 November 2015

AXA Investment Mangers has launched a new 'green' bonds fund to provide its investors with access to the growing global green bonds market.

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Image for German city bans fossil fuel investments

German city bans fossil fuel investments

06 November 2015

The City of Munster has become the first German city to ban investments in coal, oil and gas companies in response to climate change.

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Image for Aviva and PSP in joint venture into London real estate

Aviva and PSP in joint venture into London real estate

05 November 2015

Aviva Life & Pensions UK is investing in central London real estate, in a joint venture with one of Canada's largest pension investment managers.

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Image for Half of DB schemes are paying out more than they receive

Half of DB schemes are paying out more than they receive

22 October 2015

Findings of a pensions analysis report show half of FTSE350 DB schemes are already cashflow negative - or soon will be.

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Image for Volatility is the future

Volatility is the future

19 October 2015

William Hague and Stephanie Flanders speaking at the NAPF conference this week talk of volatile times ahead. 

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Image for Swedish national pension funds may drop Volkswagen

Swedish national pension funds may drop Volkswagen

01 October 2015

The third Swedish national pension fund, AP3, has announced plans to drop Volkswagen AG as an investment option as the emissions scandal continues to affect returns.

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Image for Welsh pension funds to merge holdings

Welsh pension funds to merge holdings

25 September 2015

Eight local government pension schemes (LGPS) in Wales are to procure a joint passive equity manager.

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Image for Pensioners pay multi-billion pound income tax bill

Pensioners pay multi-billion pound income tax bill

25 September 2015

UK pensioners pay more than £17.5billion in income tax every year, according to new analysis of recent ONS data by Prudential.

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Image for Legal & General to manage £13bn National Grid assets

Legal & General to manage £13bn National Grid assets

17 September 2015

A long-term strategic partnership between National Grid UK Pension Scheme and Legal & General will oversee £13billion of assets.

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Image for Seven LGPS funds to join forces

Seven LGPS funds to join forces

04 September 2015

A group of seven local government schemes are working together on an initiative for passively managed assets.

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Image for Fossil fuel not the future

Fossil fuel not the future

04 September 2015

Calls for further divestment from fossil fuels came from environmental leaders at a conference on divestment in France.

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Image for DB pension transfer requests double

DB pension transfer requests double

27 August 2015

Pension transfer requests from DB schemes to DC schemes have doubled since the pension reform in April, according to research from one provider.

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Image for Stoxx provide smart beta solutions

Stoxx provide smart beta solutions

21 August 2015

In this video, Stoxx explain how they have created a set of benchmarks that estimate and consider the diverse geographic revenue streams of companies and consequently disentangle the revenue overlaps.

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Image for Stoxx True Index Family

Stoxx True Index Family

20 August 2015

Classifying stocks by their geographic source of revenue

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Image for Norwegian fund divestment over environmental concerns

Norwegian fund divestment over environmental concerns

20 August 2015

Norway's sovereign wealth fund is removing four Asian companies from its investment portfolio for ethical reasons.

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Image for BT to invest £1bn in private equity

BT to invest £1bn in private equity

13 August 2015

BT's pension scheme is investing GBP 1bn in private equity through Hermes.

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Image for Manchester pension fund invests £10m in renewable energy

Manchester pension fund invests £10m in renewable energy

13 August 2015

Greater Manchester Pension Fund (GMPF) has committed GBP 10bn to community-scale renewable energy projects.

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Image for Northern firms make the most generous pension contributions

Northern firms make the most generous pension contributions

07 August 2015

More than a quarter of SMEs in the north of the country are planning to pay more than the minimum auto-enrolment contributions.

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Image for PIP secures £1bn for investment into UK infrastructure

PIP secures £1bn for investment into UK infrastructure

10 July 2015

The Pensions Infrastructure Platform (PIP) has secured more than £1bn of commitments from pension schemes to invest into UK infrastructure.

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Image for Staffordshire Housing Association in £22m deal with M&G Investments

Staffordshire Housing Association in £22m deal with M&G Investments

09 July 2015

M&G investments has struck a deal with a housing association to secure long-term cash flows for its pension fund clients.

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Image for Four UK pension schemes commit to PV Fund

Four UK pension schemes commit to PV Fund

26 June 2015

The Pensions Infrastructure Platform (PiP) and Aviva Investors have today announced first close on the solar photovoltaics (PV) fund.

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Image for NAPF concern over secondary annuity market

NAPF concern over secondary annuity market

25 June 2015

The National Association of Pension Funds (NAPF) has expressed a number of concerns in response to HM Treasury's consultation, 'Creating a Secondary Annuity Market'.

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Image for Pension liabilities outstrip GDP for the first time, says Hymans Robertson

Pension liabilities outstrip GDP for the first time, says Hymans Robertson

18 June 2015

Figures released this week from independent pensions, benefits and risk consultancy Hymans Robertson, show that the financial cost of settling liabilities has reached £2tn.

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Image for Aviva Investors completes new funding arrangement for 307 homes

Aviva Investors completes new funding arrangement for 307 homes

11 June 2015

Global asset manager Aviva Investors has announced a new funding agreement with Genesis Housing Association.

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Image for June 5th, Divestment day for Norway

June 5th, Divestment day for Norway

05 June 2015

As fossil fuel divestment becomes one of the fastest campaigns of its kind in history the world's largest pension fund is set to divest from coal.

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Image for Diversified growth funds see fivefold growth

Diversified growth funds see fivefold growth

28 May 2015

Assets in Diversified Growth Funds (DGFs) have grown almost fivefold in five years, according to figures from investment consultant Punter Southall.

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Image for Aviva completes Social Housing Fund arrangement in North Wales

Aviva completes Social Housing Fund arrangement in North Wales

21 May 2015

Global asset manager Aviva has completed a new funding arrangement for 177 affordable homes in Wales.

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Image for Falkirk pension fund to benefit from social housing grant

Falkirk pension fund to benefit from social housing grant

07 May 2015

A multi-million pound grant for a social housing initiative in Falkirk, Scotland has been brought forward, generating additional income for the council's pension fund.

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Image for Global debate on fossil fuel divestment heats up

Global debate on fossil fuel divestment heats up

07 May 2015

Fossil fuel divestment is hitting the headlines once again this week.

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Image for Research Into Strong Quality Indices To Help Investors

Research Into Strong Quality Indices To Help Investors

13 April 2015

In this video, Stoxx Ltd discusses their launch of a family of strong quality indices in 2013 offering help for investors.

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Image for RWC launched Japan Focus Fund

RWC launched Japan Focus Fund

01 April 2015

Investment manager RWC Partners has launched RWC Nissay Japan Focus Fund, which has day one investors totaling approximately $40m with a significant pipeline.

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Image for F&C Investments appointed by Dutch supermarket pension fund

F&C Investments appointed by Dutch supermarket pension fund

26 March 2015

Coop Pensioenfonds has appointed F&C Investments, part of BMO Global Management, to manage its liability matching portfolio.

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Image for Pension Protection Fund sells £150m stake in Harworth Estates Property Group

Pension Protection Fund sells £150m stake in Harworth Estates Property Group

26 March 2015

The PPF has sold its stake in Harworth Estates, the property group split from UK Coal, back to Coalfield Resources.

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Image for London Assembly votes to divest from fossil fuels

London Assembly votes to divest from fossil fuels

12 March 2015

The London Assembly has today passed a motion calling on City Hall and the London Pension Fund Authority to divest from fossil fuels.

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Image for Morgan Advanced Materials appoints BlackRock to manage £200m assets

Morgan Advanced Materials appoints BlackRock to manage £200m assets

12 March 2015

The trustees of Morgan Advanced Materials' pension schemes - The Morgan Pension Scheme and The Morgan Group Senior Staff Pension and Life Assurance Scheme - have appointed BlackRock as fiduciary manager for their combined assets of around £200 million.

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Image for Pension funds play key role in Eurostar buy out

Pension funds play key role in Eurostar buy out

05 March 2015

A group of British pension funds have secured 10 per cent of rail company Eurostar as the UK government sold off its share of the company for GBP 585.1m.

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Image for Danish funds to divest from fossil fuels

Danish funds to divest from fossil fuels

05 March 2015

Danish academics, engineers and lawyers are set to vote on divesting their €32bn (£23bn) pension funds from the fossil fuels that drive climate change.

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Image for Deloitte launched defined benefit pensions master trust

Deloitte launched defined benefit pensions master trust

26 February 2015

A multi-employer pension plan specifically for defined benefit (DB) schemes has been launched by Deloitte.

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Image for MPs' pension pot under threat from 'carbon bubble'

MPs' pension pot under threat from 'carbon bubble'

20 February 2015

The GBP 478million Parliamentary Contributory Pension Fund is in danger of taking a financial hit if they do not divest from fossil fuels, a group of MPs and Lords has warned.

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Image for EU launches landmark green paper

EU launches landmark green paper

20 February 2015

The European Commission has launched its landmark project to unlock funding for businesses in Europe.

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Image for UK pension funds push for responsible investment

UK pension funds push for responsible investment

13 February 2015

Sixteen of the UK's largest pension funds have joined forces to ensure asset managers fulfil the promises they make regarding responsible investment.

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Image for ECB quantitative easing announcement provokes mixed response

ECB quantitative easing announcement provokes mixed response

29 January 2015

Industry experts are divided over whether the impact of the larger than expected quantitative easing plans announced by the European Central Bank (ECB) will be positive.

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Image for Bedfordshire joins Glasgow in fossil fuel commitment

Bedfordshire joins Glasgow in fossil fuel commitment

23 January 2015

The University of Bedfordshire has become the second higher education institution in the UK to commit to not investing in the fossil fuel industry.

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Image for Emerging markets present good opportunity for 2015

Emerging markets present good opportunity for 2015

15 January 2015

Emerging markets expert Ashmore has urged investors to keep sight of the big picture despite global volatility in the year ahead.

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Image for M&G Investments acquires £173.4million Gala Bingo Portfolio

M&G Investments acquires £173.4million Gala Bingo Portfolio

08 January 2015

International investments manager M&G has completed a sale and lease back deal with Gala Leisure Limited on a portfolio of 47 bingo clubs.

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Image for M&G funds £4.9billion of private financing deals

M&G funds £4.9billion of private financing deals

18 December 2014

Diversifying funding sources has been a driving force behind investors' re-financing decisions this year, according to investment manager M&G Investments.

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Image for Global survey finds investors confident despite market risks

Global survey finds investors confident despite market risks

18 December 2014

A survey of institutional investors that collectively manage $31trillion in assets has found confidence is high across the globe when it comes to meeting long-term objectives.

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Image for EY Fiduciary Management Insights – Fees Survey 2014

EY Fiduciary Management Insights – Fees Survey 2014

12 December 2014

One of the questions we are frequently asked by parties interested in fiduciary management is how much will it cost.

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Image for Allianz Global invests in refinancing of student accommodation

Allianz Global invests in refinancing of student accommodation

11 December 2014

Diversified global investment manager, Allianz Global Investors (AllianzGI), has invested £119.7 million in the refinancing of the student accommodation project at the University of Exeter.

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Image for First stage of ground-breaking pension partnership launches

First stage of ground-breaking pension partnership launches

05 December 2014

Lancashire County Pension Fund and the London Pensions Fund Authority have announced the first stage in the development of a ground-breaking Asset and Liability Management Partnership.

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Image for US students demand divestment from fossil fuels

US students demand divestment from fossil fuels

01 December 2014

Students in Washington took part in the largest on-campus demonstration in the history of the divestment movement to demand that administrators divest from fossil fuels.

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Image for Rothesay Life announces £185m Makro bulk annuity

Rothesay Life announces £185m Makro bulk annuity

13 November 2014

Rothesay Life has completed a bulk annuity with a pension scheme for former staff of the cash & carry chain, Makro.

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Image for A Case for Global Listed Real Estate Securities in a Mixed Asset Portfolio

A Case for Global Listed Real Estate Securities in a Mixed Asset Portfolio

12 November 2014

CBRE discusses the key benefits of global listed real estate investment

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Image for UN secretary general advises pension funds to divest from fossil fuels

UN secretary general advises pension funds to divest from fossil fuels

06 November 2014

The United Nations has become the latest voice calling on pension funds to cut investments in oil companies and other fossil fuel businesses in a bid to tackle climate change.

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Image for Non-disclosure agreements are an 'outrage'

Non-disclosure agreements are an 'outrage'

31 October 2014

Questions have been raised about the fairness of non-disclosure agreements between asset managers and pension funds.

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Image for Danish get tough on hedge funds

Danish get tough on hedge funds

23 October 2014

New rules to clampdown on the pensions industry's dealings with hedge funds are being introduced in Denmark.

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Image for Greens call for fossil fuel divestment

Greens call for fossil fuel divestment

23 October 2014

Green Party MP Caroline Lucas has called on the £487m Parliamentary Contributory Pension Fund to pull its investments out of fossil fuels and shift them to sustainable sources.

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Image for African investment is the future,' Sir Bob tells NAPF conference

African investment is the future,' Sir Bob tells NAPF conference

16 October 2014

Fund managers were urged by Sir Bob Geldof to focus their attention on Africa instead of China at this week's annual conference of the National Association of Pension Funds (NAPF).

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Image for Danish investors back €1bn energy saving infrastructure

Danish investors back €1bn energy saving infrastructure

09 October 2014

A new infrastructure fund focussing on European and US energy assets has received DKK8bn (€1.05bn) from six Danish pension funds and two banks.

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Image for Hedge funds trimmed by top pension funds

Hedge funds trimmed by top pension funds

02 October 2014

Two of the UK's largest pension funds are reducing exposure to hedge funds to the tune of several billion.

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Image for Industry veteran to head Pensions Infrastructure Platform

Industry veteran to head Pensions Infrastructure Platform

25 September 2014

The UK's National Association of Pension Funds (NAPF) has appointed industry veteran Mike Weston as chief executive of Pensions Infrastructure Platform (PIP).

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Image for New UN coalition to reduce carbon footprint of 500bn dollars

New UN coalition to reduce carbon footprint of 500bn dollars

25 September 2014

Leading European pension funds are joining forces with the United Nations Environment Programme and its Finance Initiative (UNEP FI) to reduce the carbon footprint of $500bn of worldwide institutional investment.

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Image for The Real Estate Investable Universe 2014

The Real Estate Investable Universe 2014

19 September 2014

In our latest Real Estate Investable Universe update, we estimate that institional investors – one third of them public real estate companies – own $7.6 trillion of commercial real estate, approximately 16% of the total value of global commercial real estate. This absolute size estimate, and its segmentation for different owner types and across countries, provides a baseline for assessing property allocations and the impact of capital market flows on real estate.

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Image for LPFA to fund London housing development

LPFA to fund London housing development

18 September 2014

The London Pensions Fund Authority (LPFA) has been appointed to finance 85% of a housing project in East London.

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Image for Passive funds could improve pension scheme returns

Passive funds could improve pension scheme returns

18 September 2014

Large pension funds could get an additional £3.8m return per year if they invest through passive funds rather than active funds because they are cheaper and perform better, research has revealed.

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Image for Student Accommodation in the UK

Student Accommodation in the UK

16 September 2014

Introduction – What is UK Student accommodation?

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Image for Pension Plans and Real Estate

Pension Plans and Real Estate

15 September 2014

Pension plans are evolving, and the vehicles they use to invest in real estate are adapting alongside them. All pension systems have the same goal: providing retirement income. But they reach this goal by many different paths.

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Image for ISA Global Overview

ISA Global Overview

02 September 2014

In this video, LaSalle Investment Managementgives a global overview of the economic recovery.

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Image for DC schemes to change default investment strategy design

DC schemes to change default investment strategy design

27 August 2014

Nearly 66% of trustees are looking to change their default strategy within the next 18 months following the Budget 2014 pension reforms, according to research by SEI.

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Image for Pension scheme funding improvements prompts new approaches

Pension scheme funding improvements prompts new approaches

22 August 2014

Defined benefit (DB) pension schemes should be changing their approach and diverting sponsor contributions into alternative financing strategies as schemes climb towards a healthier funding status.

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Image for BoE examines structural trends in investment allocation by pension funds

BoE examines structural trends in investment allocation by pension funds

31 July 2014

The Bank of England (BoE) has published a discussion paper which examines trends in the investment decisions of insurance companies and pension funds.

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Image for Pensions Institute calls for full disclosure on investment fees

Pensions Institute calls for full disclosure on investment fees

28 May 2014

The "visible and hidden" costs of investment management should be fully disclosed, the Pensions Institute has said.

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Image for UK pension schemes miss out on £1.7bn in potential returns

UK pension schemes miss out on £1.7bn in potential returns

21 May 2014

Pension schemes in the UK are losing out on £1.7bn in potential annual returns by accepting passive-style performance from actively managed funds.

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Image for UK schemes' pace of exit from equities slows

UK schemes' pace of exit from equities slows

15 May 2014

UK pension schemes have reduced their equity exposure by only 2% over 2013, which is the slowest rate since the financial crisis, Mercer has said.

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Image for PFZW enters into risk sharing deal with Rabobank

PFZW enters into risk sharing deal with Rabobank

20 March 2014

Pensioenfonds Zorg en Welzijn (PFZW) has entered into a risk sharing transaction with Rabobank concerning a portfolio of corporate loans to help stimulate the Dutch economy.

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Image for UK pension assets hit record high in 2013

UK pension assets hit record high in 2013

05 February 2014

UK institutional pension fund assets grew over 13% during 2013, hitting an all-time high of over £2trn, Towers Watson has said.

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Image for FTSE 100 pension schemes continue to shift equities into bonds

FTSE 100 pension schemes continue to shift equities into bonds

04 February 2014

FTSE 100 companies pension schemes are continuing the shift from equities into bonds despite the recent rally in the equity market, JLT Employee Benefits (JLT EB) has found.

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Image for Storebrand excludes ten more coal companies

Storebrand excludes ten more coal companies

29 January 2014

Norwegian pension fund Storebrand has excluded ten companies in the utilities sector as a result of a decision to further reduce its investments in coal.

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Image for Devon Pension Fund invests in infrastructure fund

Devon Pension Fund invests in infrastructure fund

15 January 2014

Devon County Council Pension Fund has announced that it is committing to invest £40m in Aviva Investors' returns enhancing and liability matching (REaLM) strategies, as part of a recent increase in allocation to infrastructure investments.

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Image for PensionDanmark invests in new climate investment fund

PensionDanmark invests in new climate investment fund

14 January 2014

PensionDanmark has announced that it is investing DKK200m in the Danish Climate Investment Fund.

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Image for PGGM divests from five Israeli banks

PGGM divests from five Israeli banks

09 January 2014

PGGM has decided to divest from five Israeli banks because they are involved in financing Israeli settlements in the occupied Palestinian territories, the Dutch pension fund manager has said.

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Image for PIC invests in second Manchester PFI bond

PIC invests in second Manchester PFI bond

07 January 2014

Pension Insurance Corporation (PIC) has invested £74m in a PFI project to enable Manchester City Council to begin a regeneration scheme.

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Image for PRI to appoint independent advisor for governance review

PRI to appoint independent advisor for governance review

06 January 2014

The Principles for Responsible Investment (PRI) Initiative is planning to appoint an external independent advisor to review the organisation's governance.

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Image for Danish pension funds leave PRI organisation

Danish pension funds leave PRI organisation

17 December 2013

Six Danish pension funds have decided to leave the private organisation behind the UN-backed Principles for Responsible Investment (PRI).

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Image for LPFA and Adveq co-invest in Secured Mail

LPFA and Adveq co-invest in Secured Mail

11 December 2013

The London Pensions Fund Authority (LPFA) and global private equity investor Adveq have co-invested in a UK postal operator with growth capital investor Next Wave Partners.

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Image for PensionDanmark invests £153m in UK wind farms

PensionDanmark invests £153m in UK wind farms

04 December 2013

PensionDanmark is set to invest approximately £153m in six wind farms in the UK which are owned by Falck Renewables.

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Image for Ontario Teachers' Pension Plan agrees to buy UK biscuit maker

Ontario Teachers' Pension Plan agrees to buy UK biscuit maker

21 November 2013

Ontario Teachers' Pension Plan (OTPP) has announced an agreement to buy a large biscuit maker in the UK.

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Image for USS invests in The Airline Group

USS invests in The Airline Group

20 November 2013

Universities Superannuation Scheme Limited (USS) has announced that it will acquire a 49.9% non-controlling stake in The Airline Group Limited.

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Image for Pension funds must become 'climate conscious investors'

Pension funds must become 'climate conscious investors'

31 October 2013

Pension funds in the UK must do more to recognise the growing financial risks of climate change, non-governmental organisations (NGOs) and unions have said.

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Image for Pension funds should change poor-performing investment approach

Pension funds should change poor-performing investment approach

25 October 2013

Defined benefit (DB) schemes in the UK could be losing millions of pounds in high costs and poor fund performance if they adopt static asset allocations using active fund managers, an investment adviser has said.

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Image for Law Commission publishes review of fiduciary duties

Law Commission publishes review of fiduciary duties

23 October 2013

A consultation paper reviewing how 'fiduciary duties' apply to investment intermediaries has been published by the Law Commission and welcomed by the National Association of Pension Funds (NAPF).

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Image for Trustees increasingly willing to consider alternative assets

Trustees increasingly willing to consider alternative assets

08 October 2013

Pension scheme trustees are increasingly willing to consider a wider range of asset classes than has previously been the case, Aon Hewitt has found.

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Image for Swedish AP funds divest from 4 companies

Swedish AP funds divest from 4 companies

02 October 2013

Sweden's state-managed funds have announced that they will divest their holdings in Walmart, Freeport McMoRan, Incitec Pivot and Potash due to ethical concerns.

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Image for AE debate must now focus on how the money is invested

AE debate must now focus on how the money is invested

01 October 2013

One year into the auto-enrolment project the focus should now shift to how the money will be invested, AllianceBernstein has said.

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Image for Schemes increased hedging activity in Q2 2013

Schemes increased hedging activity in Q2 2013

26 September 2013

Pension scheme hedging activity increased in Q2 2013 following potential concerns of a rise in inflation and large rise in rates in the second half of the quarter, F&C Investments has found.

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Image for Dutch funds invest 14% domestically

Dutch funds invest 14% domestically

30 August 2013

Dutch pension funds invested over 14% of €960bn pension assets domestically at the end of March this year, a survey has revealed.

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Image for UK schemes have a "narrow view" of property investment

UK schemes have a "narrow view" of property investment

25 July 2013

Many UK schemes are not approaching their property investment in the right way and are missing out on better returns or taking more risk than necessary, an investment adviser has said.

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Image for UK schemes plan to increase or retain fixed income exposure

UK schemes plan to increase or retain fixed income exposure

25 July 2013

Nearly two out of three UK pension fund managers plan to retain or increase their current exposure to fixed income over the next three years despite uncertainty about the prospects for the asset class, research from Aquila Capital has found.

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Image for BT Pension Scheme enters partnership with Canada Pension Plan

BT Pension Scheme enters partnership with Canada Pension Plan

25 July 2013

The Canada Pension Plan Investment Board (CPPIB) and the BT Pension Scheme (BTPS) have formed a 50:50 joint property venture.

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Image for Pension funds are failing to manage cash flow effectively

Pension funds are failing to manage cash flow effectively

25 July 2013

Almost one third of defined benefit (DB) schemes already expect to be cash flow negative this year and the trend is expected to increase, according to the findings of a survey of UK DB schemes.

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Image for Growing confidence in frontier markets

Growing confidence in frontier markets

11 July 2013

Nearly one in five pension fund managers believe that frontier markets have the biggest potential for equity gains over the next ten years, research by Baring Asset Management (Barings) has found.

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Image for Pension funds continue to have "faith" in alternative assets

Pension funds continue to have "faith" in alternative assets

08 July 2013

Pension fund alternative assets allocations now account for around 19% of all pension fund assets globally, a Towers Watson study has found.

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Image for Storebrand divests from fossil fuel firms

Storebrand divests from fossil fuel firms

08 July 2013

Norwegian pension fund and life insurance firm Storebrand has excluded 13 coal and six oil sands companies from all investments following the latest sustainability analysis of the energy sector.

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Image for PMI collaborates with Mott MacDonald

PMI collaborates with Mott MacDonald

04 July 2013

The Pensions Management Institute (PMI) has entered into a partnership with an engineering, management and development consultancy.

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Image for PFZW shuns tobacco industry

PFZW shuns tobacco industry

02 July 2013

Pensioensfonds Zorg en Welzijn (PFZW) has excluded tobacco products from its investments, the Dutch fund announced.

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Image for PPF enhances its responsible investment framework

PPF enhances its responsible investment framework

24 June 2013

The Pension Protection Fund (PPF) reinforced its commitment to responsible and sustainable investing by enhancing its Responsible Investment (RI) framework.

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Image for PensionDanmark to invest $200m in Cape Wind

PensionDanmark to invest $200m in Cape Wind

21 June 2013

PensionDanmark announced that it will be investing $200m in America's first offshore wind farm.

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Image for LDI market increases by 11% in 2012

LDI market increases by 11% in 2012

18 June 2013

The liability driven investment (LDI) market rose by 11% in 2012 to cover £446bn of UK pensions scheme liabilities, a KPMG survey has revealed.

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Image for Liability shortfall still drives "significant" investment strategy changes

Liability shortfall still drives "significant" investment strategy changes

11 June 2013

Major changes in investment strategy are still being driven by a liability shortfall, a new survey has revealed.

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Image for Canadian pension fund partners with Crown Estate in development deal

Canadian pension fund partners with Crown Estate in development deal

29 May 2013

The Crown Estate, which manages property on behalf of the Queen, will be working with a major Canadian pension fund in a £320m partnership to develop an area in central London.

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Image for Local authority pension funds create 'investing for growth' initiative

Local authority pension funds create 'investing for growth' initiative

24 May 2013

Five local authority pension funds are seeking expressions of interest from asset managers in a new investment initiative to deliver financial returns and create a positive economic impact.

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Image for NAPF launches responsible investment guide

NAPF launches responsible investment guide

21 May 2013

A new guide has been launched by the National Association of Pension Funds (NAPF) to encourage its members to invest responsibly by considering 'extra-financial factors'.

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Image for DC schemes need better diversification

DC schemes need better diversification

20 May 2013

Defined contribution (DC) members are receiving "inferior" investment services compared to defined benefit (DB) members through a more restricted access to asset classes, a report stated.

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Image for Danish pension funds support PPPs for infrastructure projects

Danish pension funds support PPPs for infrastructure projects

15 May 2013

Infrastructure projects in Denmark should be based on public-private partnerships (PPPs), a new report from Danish pension funds has revealed.

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Image for PIP begins search for investment managers

PIP begins search for investment managers

07 May 2013

The Pensions Infrastructure Platform (PIP) will soon begin its search for investment managers to look after some, or all, of the PIP's target £2bn assets.

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Image for Pension funds need agile investment strategies, says Aon Hewitt

Pension funds need agile investment strategies, says Aon Hewitt

30 April 2013

Pension funds need to remain agile in their investment strategies, Aon Hewitt has said.

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Image for LGPS encouraged to invest in UK residential property

LGPS encouraged to invest in UK residential property

26 April 2013

UK residential property should be included in local government pension schemes' (LGPS) multi-asset portfolios, said a residential property fund manager.

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Image for Dairy Crest pays for scheme with cheese

Dairy Crest pays for scheme with cheese

19 April 2013

Dairy Crest Group Pension Fund's liabilities have been backed by £60m worth of the company's maturing cheese, it has been revealed.

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Image for UK DB schemes to reduce equities in 2013

UK DB schemes to reduce equities in 2013

15 April 2013

Over one third of UK defined benefit (DB) schemes plan to reduce their exposure to domestic equities in 2013 and one third are looking to increase diversification into alternative assets, according to a new survey.

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Image for Great rotation theory is misleading, says strategist

Great rotation theory is misleading, says strategist

04 April 2013

The term 'great rotation', where institutional asset allocations are switched from bonds to equities, is misleading and there is little evidence to support it, said a strategist from Legal & General Investment Management (LGIM).

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Image for Fiduciary Management Insights Overview 2013

Fiduciary Management Insights Overview 2013

03 April 2013

During 2012, Ernst & Young hosted a series of four webcasts to introduce pension trustees and company representatives to the concept of fiduciary management. In all, over 500 individuals participated in these webcasts. During the webcasts, we asked participants for their thoughts on a variety of subjects.

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Image for Pension fund investment helps finance green infrastructure project

Pension fund investment helps finance green infrastructure project

25 March 2013

Pension fund investment has helped to secure a transaction to fund what is expected to be one of the UK's largest NHS energy centres.

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Image for Launch of new ethical target date fund range

Launch of new ethical target date fund range

22 March 2013

Target date funds are now becoming part of the landscape, said AllianceBernstein at the launch of its new range of ethical target date funds for the UK defined contribution (DC) market.

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Image for Infrastructure project secures 10th pension fund

Infrastructure project secures 10th pension fund

18 February 2013

A new initiative to support pension funds investing in infrastructure has now secured ten funds as founding investors, and reached £1bn of investment capital.

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Image for Norwegian Pension Fund makes first US real estate investment

Norwegian Pension Fund makes first US real estate investment

12 February 2013

The Norwegian Pension Fund Global has made its first real estate investment in the US, buying almost 50% of five office properties owned by TIAA-CREF.

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Image for More pension funds set to use ETFs

More pension funds set to use ETFs

29 January 2013

New research from State Street Global Advisors (SSgA) reveals that nearly half of European pension funds and fund managers plan to increase allocation to exchange trading funds (ETFs) over the next five years.

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Image for School shooting sparks US pension investment debate

School shooting sparks US pension investment debate

18 January 2013

Several US pension funds are announcing that they are, or are considering, divesting from certain arms manufacturers, in light of the Connecticut school atrocities that occurred last month.

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Image for Investment firm sets up 3.0 investment model

Investment firm sets up 3.0 investment model

17 January 2013

A new asset management firm has been formed to proactively engage with the companies it invests in, a practice they have coined 'ownership investing'.

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Image for LGPS might get more freedom to invest in infrastructure

LGPS might get more freedom to invest in infrastructure

06 November 2012

The UK government is launching a consultation looking at the possibility of giving local authority pension schemes more freedom to invest in infrastructure. The move would pave the way for a possible £22bn cash injection into UK infrastructure projects.

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Image for New report shows effects of DB scheme deficits on UK business investment

New report shows effects of DB scheme deficits on UK business investment

05 November 2012

The high levels of defined benefit (DB) pension scheme deficits are hampering the ability of UK companies to invest in their business, according to new research published this week.

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Image for QE impact on pension funds "exaggerated"

QE impact on pension funds "exaggerated"

02 November 2012

The overall impact of quantitative easing (QE) on pension funds has been "exaggerated" according to consultancy firm Towers Watson.

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Image for Trustees still believe in equities

Trustees still believe in equities

02 November 2012

Trustees and pension fund executives, representing schemes with assets in excess of £90bn, voted overwhelmingly in favour of equities still playing a vital role in closed DB schemes at a recent Pension Investment Academy (PIA) debate held in London.

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Image for Pension Protection Fund "in good shape"

Pension Protection Fund "in good shape"

23 October 2012

Despite difficult economic conditions, the Pension Protection Fund (PPF) says it remains in good shape to face future challenges and is confident that it can continue to look after its members' futures.

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Image for NAPF and PPF name PIPs founding investors

NAPF and PPF name PIPs founding investors

18 October 2012

The NAPF and PFF today announced the first schemes which have come on board as founding investors in the Pensions Infrastructure Platform (PIP).

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Image for "UK pension schemes not fully de-risked until after 2040"

"UK pension schemes not fully de-risked until after 2040"

16 October 2012

On current trends it will be around 2040 before UK private-sector defined benefit (DB) pension schemes can fully de-risk unless they consider alternative strategies, according to Towers Watson.

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Image for Manchester council pension fund signs groundbreaking house building scheme

Manchester council pension fund signs groundbreaking house building scheme

25 September 2012

The Greater Manchester Pension Fund has signed a deal with town hall chiefs that will see £25m of pension cash fund house building in a bid to revitalise the region's ailing housing market.

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Image for UK pension schemes warned of "investment blind spot"

UK pension schemes warned of "investment blind spot"

10 September 2012

Aon Hewitt's 2012 Delegated Investment survey shows governance issues are still affecting the investment approach of pension schemes.

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Image for Pension funds remain under-invested in emerging markets, says L&G

Pension funds remain under-invested in emerging markets, says L&G

06 September 2012

Legal & General Investment Management (LGIM) says long-term investors remain under-invested in emerging markets and do not use the opportunities at hand.

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Image for Pension schemes drive inflation hedging levels to new record

Pension schemes drive inflation hedging levels to new record

30 August 2012

The volume in inflation hedging transactions carried out for liability hedging purposes hit a new record high in the second quarter of this year, according to F&C's Liability Driven Investment (LDI) survey.

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Image for Government infrastructure fund on track to launch early next year

Government infrastructure fund on track to launch early next year

26 July 2012

The first multi-billion pound infrastructure fund in the UK to be funded by pension scheme investors seems to be on track to be launched early 2013 as the pensions industry has shown strong support for the plans.

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Image for Pension schemes want infrastructure investment cap removed

Pension schemes want infrastructure investment cap removed

26 July 2012

Local government pension schemes around the country are willing to invest in infrastructure as suggested by the government but say the current cap on such investments will have to be removed or changed before they are able to do so.

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Image for Pension funds make Australian real estate project possible

Pension funds make Australian real estate project possible

09 July 2012

The Canada Pension Plan Investment Board, the investment side of the Canadian state retirement plan (Canadian Pension Plan - CPP), has committed itself to making its largest real estate investment up to date with a CAD 1bn (£632m) investment in an Australian real estate project.

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Image for Pension schemes' interest in LDI strategies grows

Pension schemes' interest in LDI strategies grows

25 June 2012

A new study reports that the number of UK pension schemes that move away from investments in equities and more towards alternative and liability matching assets, is likely to increase "significantly" over the next three years.

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Image for World's fourth largest pension scheme opens office in London

World's fourth largest pension scheme opens office in London

25 June 2012

The fourth largest pension scheme in the world, the South Korean state pension fund (NPS) has opened a new office in London. The scheme holds assets worth $320bn according to the latest data held by Pension Funds Online. The move is designed to expand the scheme's international portfolio of assets.

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Image for Korea's National Pension Fund to increase domestic stock exposure

Korea's National Pension Fund to increase domestic stock exposure

22 June 2012

South Korea's National Pension Service (NPS), one of the world's largest pension schemes, plans to buy KRW 6.6tn (£3.6bn) in domestic equities next year.

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Image for Pension schemes pull back from infrastructure

Pension schemes pull back from infrastructure

08 June 2012

A leading publication for infrastructure finance and investment published its proprietary ranking of the 30 largest infrastructure investors by size this week, revealing the total figure for direct infrastructure investment by pension funds has decreased to $49.46bn this year from $53.9bn last year.

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Image for BT Pension Scheme acquires a minority stake in Thames Water

BT Pension Scheme acquires a minority stake in Thames Water

08 June 2012

The BT Pension Scheme has agreed to acquire a 13% stake in Thames Water through a shareholding in Kemble Water Holdings Limited in order to increase its exposure to domestic infrastructure investments that have a natural linkage to UK inflation.

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Image for European pension funds move away from equities as Euro-zone crisis deepens

European pension funds move away from equities as Euro-zone crisis deepens

31 May 2012

Pension fund allocations to equities are increasingly replaced with alternatives as European investors seek to cover themselves from the increasing volatility created by the Euro-zone crisis, Mercer's annual European Asset Allocation Survey says.

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Image for Consolidate pension funds and take advantage of British infrastructure, says Canadian pensions boss

Consolidate pension funds and take advantage of British infrastructure, says Canadian pensions boss

24 May 2012

The head of one of the world's largest pension funds, the Canadian Pension Plan Investment Board (CPPIB), called upon UK-based pension funds to consolidate in order to "build funds of sufficient scale and capability to become true long-horizon investors".

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Image for Schemes explore de-risking strategies as DB membership falls sharply

Schemes explore de-risking strategies as DB membership falls sharply

22 May 2012

A new industry report from Clear Path Analysis states that pension schemes are exploring de-risking strategies as DB membership falls sharply.

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Image for Tesco to manage own pension scheme in bid to up returns

Tesco to manage own pension scheme in bid to up returns

11 May 2012

Tesco, one of the world's largest retailers, says it will manage its own pension scheme - one of the largest final salary schemes in the UK - in order to maximise returns and become independent of consultants.

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Image for PMI partners with Aberdeen Asset Management to extend advice on Emerging Markets

PMI partners with Aberdeen Asset Management to extend advice on Emerging Markets

11 May 2012

The Pensions Management Institute (PMI) and Aberdeen Asset Management announced that they will join forces in an expert partnership in order to deliver high quality information and guidance to the industry about investing in emerging markets.

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Image for Pension and  healthcare costs threaten US debt  calamity

Pension and healthcare costs threaten US debt calamity

26 April 2012

Demographic challenges and poor economic prospects threaten to send the next US administration into posting uncontrollable deficit figures, according to Legal & General Investment Management.

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Image for Asset manager APG to increase Asia property investments for ABP pension scheme

Asset manager APG to increase Asia property investments for ABP pension scheme

24 April 2012

Dutch asset manager APG, which manages about €299bn for the Netherlands' civil servant pension scheme ABP, said it will increase investments in Asian properties to tap economic growth in the region, according to a report from Bloomberg.

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Image for Ken Livingstone aims to call upon pension funds to build London's future

Ken Livingstone aims to call upon pension funds to build London's future

18 April 2012

Ken Livingstone, candidate for the role of Mayor of London, said he would call upon pension funds to help fund infrastructure projects in the capital if he wins the elections on 3 May.

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Image for Catastrophe bonds try to break new ground in pensions despite rift of opinion

Catastrophe bonds try to break new ground in pensions despite rift of opinion

17 April 2012

Pension funds can reap rewards from record issuance of catastrophe bonds, claims a new Clear Path Analysis study.

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Image for Local government pension schemes talk merging to cut costs and invest in infrastructure

Local government pension schemes talk merging to cut costs and invest in infrastructure

11 April 2012

London's local authorities are in talks about combining their pension funds in order to cut administration costs and invest up to £2.5bn a year in infrastructure projects in the capital.

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Image for DC pensions anger fuels tanker drivers' strike

DC pensions anger fuels tanker drivers' strike

29 March 2012

Tanker drivers voting to strike are angry at their inability to move defined contribution (DC) pension pots with them to new employers.

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Image for South Korean pension scheme to boost British infrastructure

South Korean pension scheme to boost British infrastructure

27 March 2012

The government is expecting a boost for British infrastructure projects after the South Korean National Pension Service (NPS) has announced it is to set up office in the UK's capital.

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Image for Comment: The pension infrastructure fund - three questions that need answering

Comment: The pension infrastructure fund - three questions that need answering

21 March 2012

Last week's announcement of a new industry-backed infrastructure platform at a National Association of Pension Funds (NAPF) conference was made with some vital elements left unexplained.

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Image for NAPF and PPF confirm creation of pension scheme infrastructure fund

NAPF and PPF confirm creation of pension scheme infrastructure fund

08 March 2012

Alan Rubenstein, chairman of the Pension Protection Fund (PPF)  and Joanne Segars, chief executive of the National Association of Pension Funds (NAPF), have confirmed the launch of a new UK infrastructure platform for pension schemes.

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Image for Salmond urges pension schemes to invest in Scotland 

Salmond urges pension schemes to invest in Scotland 

07 March 2012

Scotland's £2.5bn of public infrastructure plans offer new opportunities for pension funds, MSP Alex Salmond said in a speech at the National Association of Pension Funds' (NAPF) Investment Conference in Edinburgh this afternoon.

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Image for Struggling Swiss pension funds ticked off for short-term risk taking 

Struggling Swiss pension funds ticked off for short-term risk taking 

05 March 2012

The Association of Swiss Pension Funds (ASIP) has complained that its member pension funds are acquiring too much short-term risk in a bid to avoid falling into deficit.

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Image for Royal Mail, Sainsbury's pension funds named as victims of State   Street scandal

Royal Mail, Sainsbury's pension funds named as victims of State Street scandal

02 March 2012

It has been reported that the Royal Mail pension fund and Sainsbury's pension scheme have both been given refunds from State Street after being double charged by their transition management service.

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Image for Hedge funds back in the balance for pension fund trustees - Deutsche Bank

Hedge funds back in the balance for pension fund trustees - Deutsche Bank

01 March 2012

A Deutsche Bank survey indicates that pension fund trustees are becoming increasingly sure of the merits of hedge fund investing, despite a disappointing year for the industry's returns.

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Image for Ford injects $3.8bn into global pension scheme

Ford injects $3.8bn into global pension scheme

01 March 2012

Ford Motor Co is injecting $3.8bn into its global pension plan this year and plans to increase its bond investments in an attempt to de-risk.

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Image for Sir Stelios vs easyJet 'too close to call' as governance advisors divided

Sir Stelios vs easyJet 'too close to call' as governance advisors divided

22 February 2012

Two independent corporate governance consultancies have advised pension funds to support easyJet founder Sir Stelios Haji-Ioannou's in his battle to vote down the company's remuneration report at Thursday's annual meeting.

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Image for Investment Management industry is taking '£18.5bn' from pension schemes every year

Investment Management industry is taking '£18.5bn' from pension schemes every year

16 February 2012

The investment managing industry is taking £18.5 billion out of the pensions and investment industry via 'hidden' charges, claims a damning report from wealth manager SCM Private's True and Fair campaign.

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Image for Californian pension fund tells Facebook to diversify its board

Californian pension fund tells Facebook to diversify its board

14 February 2012

The California State Teachers' Retirement System (CalSTRS) is challenging Facebook over the lack of women on the company's board of directors.

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Image for Low gilt yields could 'hit pensions for decades'

Low gilt yields could 'hit pensions for decades'

07 February 2012

The current era of low gilt yields could last for decades, leaving pension funds stuck with critical deficits, says the Pension Corporation.

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Image for New signs that hedge funds still charm pension funds despite losses

New signs that hedge funds still charm pension funds despite losses

03 February 2012

Two apparently contradictory items of news were released at the end of January – on the one hand it was reported that hedge funds' saw their second worst year ever and on the other we read that a new survey shows pension funds' are still eager to increase their hedge fund holdings.

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Image for UK Local authority pension funds should give up investing in tobacco, report claims

UK Local authority pension funds should give up investing in tobacco, report claims

24 January 2012

A new report by FairPensions and ASH (Action on Smoking and Health) has challenged the long held view that UK local authority pension funds can hold 'unethical' assets such as tobacco in order to fulfil a legal duty and  maximise investment returns

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Image for Fourth largest fund to invest in yuan-denominated Chinese assets

Fourth largest fund to invest in yuan-denominated Chinese assets

20 January 2012

South Korea's National Pension Service (NPS), the world's fourth largest pension fund, announced earlier this month that it will begin investing in yuan-denominated Chinese assets in order to diversify its portfolio.

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Image for Irish pension funds perform poorly

Irish pension funds perform poorly

19 January 2012

The Eurozone crisis cost Irish pension funds over €2bn during 2011, according to Mercer. The consultancy firm also predicted that with the current outlook managing risk will continue to be the most important focus for trustees in this year 

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Image for Pension funds investing in hedge funds are "rich enough to know better" says Hedge Fund Mirage author

Pension funds investing in hedge funds are "rich enough to know better" says Hedge Fund Mirage author

18 January 2012

The author of a controversial new book on hedge fund investing has warned UK pension funds that the real money in the asset class lies in fees for the industry rather than returns for clients 

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Image for ABP blacklists Walmart and PetroChina

ABP blacklists Walmart and PetroChina

05 January 2012

One of the world's largest pension schemes, ABP, has placed American supermarket Walmart and Chinese oil company PetroChina on a list of companies the scheme prohibits itself from investing in

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Image for At least £25bn of pension money pulled from UK equities last year as 'race to bottom' gathers pace

At least £25bn of pension money pulled from UK equities last year as 'race to bottom' gathers pace

16 December 2011

UK Private sector employers are dropping generous defined benefit (DB) pension schemes at an increasing rate, according to new research from the National Association of Pension Funds (NAPF). This domino effect has been replicated in the UK equity market, with at least £25bn having been pulled out of listed companies by DB pension funds over the last year

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Image for Legal & General warns of deep recession

Legal & General warns of deep recession

16 December 2011

Pension funds can expect some stormy months ahead with a possible recession both in Britain as well as in the Eurozone in the first six months of 2012, according to Legal and General Investment Management (LGIM)

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Image for New York City pension fund plans to increase emerging market exposure

New York City pension fund plans to increase emerging market exposure

07 December 2011

New York City fund looks to diversify; changes investment manager selection process

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Image for Government's infrastructure investment plan called into question

Government's infrastructure investment plan called into question

06 December 2011

The UK Government wants pension funds to make a massive direct injection into the UK economy through infrastucture investment. Will its plan take off?

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Image for Strathclyde launches "Dragons' Den-style scheme" to help out SMEs

Strathclyde launches "Dragons' Den-style scheme" to help out SMEs

05 December 2011

The Strathclyde pension fund is behind an innovative £100mn "Dragons' Den-style scheme" aimed at helping out Scottish entrepreneurs, according to reports from the Scottish Daily Record

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Image for Dutch pension funds: in a strong position?

Dutch pension funds: in a strong position?

02 December 2011

The chief investment officer at pensions administrator APG has claimed that Dutch pension funds are still on course to post strong investment returns 

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Image for UK Government calls on pension funds to invest in infrastructure 

UK Government calls on pension funds to invest in infrastructure 

02 December 2011

The UK's Chancellor of the Exchequer, George Osborne, has confirmed that the Government has indentified over 500 infrastructure projects it wants to see built over the next decade or so – and it wants UK pension funds to foot some of the bill

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Image for DNB reveals extent of 2008 investment losses 

DNB reveals extent of 2008 investment losses 

01 December 2011

DNB releases report that shows pain suffered by Dutch funds in 2008; reveals that investment returns down in Q3 2011

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Image for Eurozone property at 'low point of cycle' says Invesco 

Eurozone property at 'low point of cycle' says Invesco 

22 November 2011

The real estate investing arm of Invesco has said that pension funds can benefit from strong long-term return prospects in depressed Eurozone property markets such as Spain

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Image for "Hedge funds are a tool, not an asset class" 

"Hedge funds are a tool, not an asset class" 

14 November 2011

Pension funds must not make the mistake of seeing hedge funds as an asset class but should instead look at them as a tool to "diversify and protect against volatility", says Keith Guthrie, chief investment officer at consultancy Cardano.

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Image for Risky emerging markets better than Europe 

Risky emerging markets better than Europe 

11 November 2011

Riskier emerging market equity is still a better investment at the moment than European equities, says Timo Loyttyniemi, managing director of Valtion Elakerahasto (VER), the Finnish state pension scheme, when speaking to Pension Funds Insider this week.

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Image for Swiss pension deficits up slightly in 2010, but figures show calm before storm

Swiss pension deficits up slightly in 2010, but figures show calm before storm

11 November 2011

Swiss pension deficits rose only slightly in 2010 according to a comprehensive analysis from the Swiss National Statistics' Authority

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Image for A new Danish pensions export 

A new Danish pensions export 

02 November 2011

NOW: Pensions, the multi-employer trust backed by Danish pension scheme ATP today unveiled the details of its new product offering for the UK, proving that the country can export more than just bacon, lager and Lego.

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Image for German pension schemes back Euro 

German pension schemes back Euro 

26 October 2011

While their countrymen seem to be increasingly concerned at the cost of propping up the Eurozone, a new survey claims that German pension investors back the politicians who want to see the single currency kept together.

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Image for JP Morgan: our consultants are now turning into clients 

JP Morgan: our consultants are now turning into clients 

26 October 2011

At the annual NAPF conference in Manchester JP Morgan's managing director of worldwide securities services Benjie Fraser told Pension Funds Insider that the consultants the firm is working with are now turning into clients of the firm.

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Image for Schemes 'risk damaging sponsor if they ignore ethical investing' 

Schemes 'risk damaging sponsor if they ignore ethical investing' 

26 October 2011

Pension funds run the risk of inflicting 'reputational risk' on their sponsor companies if they fail to invest ethically, the head of the UK Sustainable Investment Foundation (UKSIF) has told Pension Funds Insider. At the same time a major group of active investors has called on governments to introduce decisive legislation to combat climate change.

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Image for World's largest pension fund plots path into emerging markets

World's largest pension fund plots path into emerging markets

24 October 2011

Japan's public pension fund, the world's largest scheme, will start investing in emerging market stocks by the end of the year, according to Bloomberg.

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Image for Austrian pension funds turn to alternatives in crisis 

Austrian pension funds turn to alternatives in crisis 

19 October 2011

Figures from the Austrian financial regulator indicate that the country's pension funds embraced alternative asset classes whilst suffering negative investment performance in the second quarter of 2011 

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Image for Emerging market debt touted as refuge from crisis 

Emerging market debt touted as refuge from crisis 

19 October 2011

Pension funds looking for reliable returns in a time of economic turbulence in Europe and North America should embrace emerging market debt, says the head of Rexiter asset management

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Image for Government bond 'bubble' can bring pension funds back into equities  

Government bond 'bubble' can bring pension funds back into equities  

19 October 2011

The trend of pension funds de-risking their portfolios should make them wary of contributing to a bubble in low-risk holdings, leading asset managers have claimed during a panel debate on the future of investment

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Image for USS: "Current storm in markets may present opportunities" 

USS: "Current storm in markets may present opportunities" 

19 October 2011

As global financial market volatility persists throughout August, one pension fund has claimed that it is in a position to look for buying opportunities in the near future, rather than worrying about what damage the equity sell-off and decreased UK government bond yields may have on its funding levels

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Image for Strong Franc takes blame for stuttering Swiss pension funds 

Strong Franc takes blame for stuttering Swiss pension funds 

19 October 2011

Swiss pension funds are averaging negative returns for the first half of 2011, claims the country's pension fund organisation ASIP

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Image for Inflation hedging 'opportunity in crisis' 

Inflation hedging 'opportunity in crisis' 

19 October 2011

Despite £100bn said to have been added to the country's pension deficits in the recent market downturn, there is a window of opportunity for inflation hedging, claims independent consultancy Redington

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Image for Does ESG investing really pay?

Does ESG investing really pay?

19 October 2011

Research from Allianz's RCM is the latest of several studies to suggest that incorporating environmental, social and governance (ESG) issues into equity investment can boost a pension fund's returns.  Pension Funds Insider explores whether the arena offers pension funds a chance to secure real long-term returns in a world of uncertainty and market turbulence

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Image for Plunging markets give pension funds food for thought 

Plunging markets give pension funds food for thought 

19 October 2011

While the National Association of Pension Funds (NAPF) has maintained that the focus for pension funds remains in seeking sound long-term investing rather than reacting to short-term market fluctuations, Phil Page of Cardano gave Pension Funds Insider a sombre warning for funds

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Image for Dutch schemes do not have to bail out Greece 

Dutch schemes do not have to bail out Greece 

19 October 2011

Pension schemes in the Netherlands will have to contribute virtually nothing when it comes to the Greek rescue plan, the Ministry of Finance have said last week in a statement

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Image for Pension funds return to pre-crisis levels 

Pension funds return to pre-crisis levels 

19 October 2011

Most rich countries' pension funds returned to their pre-crisis levels by the end of last year, a study by the Organisation for Economic Co-operation and Development (OECD) shows

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Image for Irish investment managers face government fee probe 

Irish investment managers face government fee probe 

19 October 2011

Irish investment managers face a government investigation into the fees they charge to pension funds, the Irish Independent has reported

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Image for Stock crisis presents opportunity in real estate, say managers

Stock crisis presents opportunity in real estate, say managers

19 October 2011

Real estate managers are claiming that recent stock market turbulence is making their asset class an attractive proposition for pension funds that are looking to diversify

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Image for PGGM sends out investment warning, blames politicians 

PGGM sends out investment warning, blames politicians 

19 October 2011

A slow and "unacceptable" reaction to the Euro zone crisis is hurting pension schemes' ability to function as long-term investors, says Jac Kragt, a board member at Dutch pension provider PGGM

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Image for German pension schemes back Euro

German pension schemes back Euro

18 October 2011

While their countrymen seem to be increasingly concerned at the cost of propping up the Eurozone, a new survey claims that German pension investors back the politicians who want to see the single currency kept together

Read more
Image for Passive investment in a risky world 

Passive investment in a risky world 

18 October 2011

The debate of whether passive investing trumps active investing rumbles on, but the world in which it is waged changes. In an unspectacular market, savings on fees with cheaper passive mandates can make a difference to pension funds' bottom lines. But in today's volatile world, Pension Funds Insider asks if passive investing gives funds too much exposure to possible future financial fault lines

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Image for NEST investment strategy 'already changing DC' 

NEST investment strategy 'already changing DC' 

18 October 2011

The investment strategy of the government-backed National Employment Savings Trust (NEST) scheme is already inspiring major defined contribution (DC) providers in the UK to review their own plans, claims asset manager AllianceBernstein.

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Image for Funds facing long wait to move assets 

Funds facing long wait to move assets 

18 October 2011

Pension funds across the world are increasingly being exposed to "raw risk" in the sheer length of time it is taking to transition assets from one investment manager to another, claims an arm of BNY Mellon.

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Image for Asset managers look for new ground to encourage real estate  comeback 

Asset managers look for new ground to encourage real estate comeback 

18 October 2011

Sharing the pain of many homeowners as property values dropped in 2008 and 2009, pension funds with big exposures to real estate suffered. Yet while property markets are yet to fully recover, noises are being made about funds wanting to increase their real estate holdings, and asset managers are trying novel ways to provide attractive investments in the area

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Image for Increase of Dutch hedge funds assets powered by pension funds 

Increase of Dutch hedge funds assets powered by pension funds 

17 October 2011

The net assets of hedge funds based in the Netherlands increased dramatically from €2.9bn in the first quarter of 2009 to €13.3bn in the first quarter of 2011, according to the Dutch central bank (DNB).

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Image for West Country pension index reaches out to small funds

West Country pension index reaches out to small funds

17 October 2011

A Bristol-based consulting actuary firm is running the country's first regional pension funding index in the hope that it proves a more accurate gauge of deficits affecting small and medium pension funds, Pension Funds Insider has discovered.

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Image for Swiss government's fee survey gives funds moment of relief but adds to  worries about alternative charges

Swiss government's fee survey gives funds moment of relief but adds to worries about alternative charges

13 October 2011

A recent government-commissioned study of Swiss pension funds' asset management fees has been greeted by a large amount of debate at an important time for the industry. Pension Funds Insider gauges the reaction

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Image for Half-price mandates agreed by bargain-hunting funds

Half-price mandates agreed by bargain-hunting funds

13 October 2011

Pension funds that drive a hard bargain with asset managers can make savings of up to 50% in management fees, claims consultant bfinance.

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Image for Africa; the new promised land? 

Africa; the new promised land? 

13 October 2011

With talk of another chapter in the financial crisis unfolding, institutional investors are wise to explore their options, diversify and avoid a head-on 2008-style crash. Where can they go with their investments? Pension Funds Insider explores one relatively untouched option – Africa 

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Image for Austrian fund loses €20 million to 'dubious' real estate investors

Austrian fund loses €20 million to 'dubious' real estate investors

13 October 2011

The Austrian Federal Economic Chamber's pension scheme looks to be the biggest loser from the collapse of three funds of a real estate manager accused of misleading investors.

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Image for ABP & PFZW - Dutch pension titans remain steady

ABP & PFZW - Dutch pension titans remain steady

12 October 2011

ABP and PFZW, the two largest pension schemes in the Netherlands, presented their results yesterday for the second quarter of 2012. Both schemes showed positive, if not marginal, returns

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Image for Huge investment returns for CalPERS and CAlSTRS

Huge investment returns for CalPERS and CAlSTRS

12 October 2011

California's two largest public pension funds have reported returns of over 20% for the fiscal year 2010-2011

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Image for Euro pension fund assets grow

Euro pension fund assets grow

11 October 2011

Figures released by the European Central Bank (ECB) show that the combined value of pension funds in the Eurozone increased by €23bn to €1.413 trillion throughout the first quarter of 2011.

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Image for Moving your equities out of the one basket

Moving your equities out of the one basket

11 October 2011

Recently released figures confirm that the proportion of equities in UK pension funds' portfolios dropped dramatically in the first decade of the 21st century. Pension Funds Insider considers the fallout

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Image for Divine intervention 

Divine intervention 

11 October 2011

Should more institutional investors be making their voices heard and voting against 'excessive' bonus payments for top executives? The Church of England's Pensions Board, and its supporters, certainly think so 

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Image for Making Sharia work

Making Sharia work

11 October 2011

Earlier this week Pension Funds Insider spoke to Chris Gower, head of European consultant relations at HSBC, to find out more about Sharia compliant investing, its agreement with NEST and the Life Amanah Pension Fund

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Image for Hedge funds - pot luck?

Hedge funds - pot luck?

11 October 2011

Over the past couple of years hedge funds and institutional investors have not always seen eye to eye. Hedge fund managers have been perceived to be too reckless, too expensive, and not transparent enough. Pension Funds Insider investigates whether pension funds can rely on a change of attitude from managers

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Image for FX fee worries spread to the UK 

FX fee worries spread to the UK 

11 October 2011

Legal action against custodian banks charging unduly high foreign exchange transaction fees could already have been launched by as many as 50 pension funds worldwide, Pension Funds Insider understands. This has led to increasing numbers of funds in the UK checking their FX fee arrangements

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Image for Dutch schemes flushing money away

Dutch schemes flushing money away

10 October 2011

The Dutch Authority for Financial Markets (AFM) has claimed that pension schemes in the Netherlands pay three times the actual administration and investment costs that they report in their annual accounts, following the release of findings from a study into pension scheme costs on 12 April

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Image for It's a small world

It's a small world

10 October 2011

Investing in global small caps makes sense from a diversification and return point of view, if you can stomach the volatility

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Image for ETF Investing: a new institution?

ETF Investing: a new institution?

10 October 2011

Apart from liquidity, what else do Exchange Traded Funds (ETFs) offer pension schemes? A lot, argue providers - as long as they can get them accepted by some consultants

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Image for Irish funds should buy crisis-hit government bonds, say official 

Irish funds should buy crisis-hit government bonds, say official 

07 October 2011

Irish pension funds are being encouraged to buy 30-year government bonds to de-risk their liabilities, although due to the perilous state of the country's public finances, trustees appear reluctant to take up the offer

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Image for Investing in clean growth 

Investing in clean growth 

05 October 2011

With so many institutional investors pressing ahead with plans to pioneer sustainable investment strategies, are UK pension funds already a step ahead of regulators?

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Image for Local government schemes won't stop investing in tobacco 

Local government schemes won't stop investing in tobacco 

05 October 2011

Local government pension schemes in the UK have been heralded in the past as being good examples of Socially Responsible Investors. Yet many are making 'unethical' investments in tobacco firms. Pension Funds Insider reports on the widespread practice by local government schemes, which are under pressure to maximise returns

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Image for Local real estate - a global trend?

Local real estate - a global trend?

05 October 2011

In the past few months large pension funds in the Netherlands have been offloading their listed real estate and opting for a portfolio of unlisted property in real estate funds

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Image for Swiss figures provoke fund uproar

Swiss figures provoke fund uproar

05 October 2011

A leading Swiss newspaper has exposed concern amongst the national fund community that major banks might be distorting pension industry analysis to promote their own services

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Image for UK pension funds climb on back of global recovery 

UK pension funds climb on back of global recovery 

03 October 2011

UK pension returns are estimated to be recovering at around the same pace as a strong global pensions rebound, according to a report from TheCityUK. The financial lobbying group has estimated that global pension assets grew by 8% to $31.1 trillion in 2010 while UK funds averaged a real return of 7.6%

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Image for Building a bridge to China

Building a bridge to China

03 October 2011

In early February, Dutch pension provider PGGM, announced that it would invest up to 30 per cent of its infrastructure portfolio in emerging markets. The first stop is China. A sure bet then, or is there a catch?

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Image for Asset managers look for new ground to encourage real estate  comeback 

Asset managers look for new ground to encourage real estate comeback 

21 September 2011

Sharing the pain of many homeowners as property values dropped in 2008 and 2009, pension funds with big exposures to real estate suffered. Yet while property markets are yet to fully recover, noises are being made about funds wanting to increase their real estate holdings, and asset managers are trying novel ways to provide attractive investments in the area

Read more
Image for Local government tobacco investor list grows 

Local government tobacco investor list grows 

21 September 2011

Over a month ago Pension Funds Insider reported that various UK local government schemes invest in the tobacco industry. This week the BBC has added yet another scheme to the list. Are the schemes set to face a backlash for their unethical investments?

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