IPE's United Kingdom Coverage – Page 4
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NewsDB schemes with fewer than 1,000 members make up 80% of total funds under PPF
However, these schemes only make up around 10% of total assets, liabilities and members
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AnalysisIPE UK Briefing: Consolidating LGPS assets and DC funds into 'megafunds'
Plus: British Growth Partnership; Innovation in BPA market
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NewsChallenges remain as UK schemes see net zero targets hindered
Lack of high-quality data and uncertainty around government policy are cited as major barriers among pension funds
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NewsEU Taxonomy costs hit ‘several million pounds’ for some FIs, finds government research
Financial institutions are more likely than real-economy companies to have already updated their data systems to account for the taxonomy
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NewsUK regulator publishes defined benefit covenant guidance
The update is the last piece of the jigsaw to help schemes carry out valuations under the new DB funding code
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NewsMerchant Navy Ratings Pension Fund completes £450m longevity swap
Transaction is structured as an insurance contract with a captive insurer in Guernsey
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NewsKION Group completes £250m buy-in deal with Canada Life
Deal covers five different UK DB pension schemes within the group, covering the benefits of over 3,000 members
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Asset Class ReportsInvestors eye return to European small cap equities
Largely dependent on domestic investors, interest has been growing in the opportunities offered by Europe’s smaller companies
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Special ReportPassive investors: price/market reliance and the due diligence question
Towards the end of October 2024, the High Court in London struck out claims for £335m (€402m) being sought from Barclays for misdemeanours dating back over ten years.
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Special Report
Merseyside Pension Fund: Looking after one’s own benefits the wider economy
The £10bn (€12bn) Merseyside Pension Fund has long been recognised as an active asset owner that takes its responsibilities as a shareholder seriously.
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Special ReportInvestor litigation outside the US on the rise
Class-action lawsuits have been a staple of the litigation landscape in the US for decades, but this trend is now spreading, with investor litigation on the rise across the UK and Europe
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Special ReportUK group litigation funding: Devil in the detail
Third-party litigation funding (TPLF) has become a key ‘must-have’ for opt-in group litigation in Europe, but in July 2023 the UK Supreme Court made a ruling that potentially threw a spanner in the works for such funding used in UK lawsuits.
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AnalysisIf UK defined contribution is ‘broken’, could collective DC be the answer?
Collective DC is emerging in the UK but time will tell whether employers will embrace it
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NewsPension Protection Fund could lower the levy further, claims WTW
WTW claims that even if PPF distrust the government to bring the levy back, it could lower it below £100m
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Opinion PiecesViewpoint: Stewardship deserves a return to first principles
As the UK’s Financial Reporting Council consults on updates to the country’s Stewardship Code, Hans-Christoph Hirt, trustee director of the Hermes Group Pension Scheme, says it’s time for the investment industry to have an open conversation about the objectives of stewardship
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AnalysisCOP29: Moderate success, but investors still await clear signals
PKA’s CEO sees momentum building on public-private partnerships, however
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NewsLGPS Central launches sterling investment grade credit fund
The fund was developed in response to discussions with West Midlands Pension Fund, which provided £650m in seed investment
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NewsAviva Investors launches third UK LTAF with addition of private debt fund
New fund gets £750m cash injection from Aviva’s Future Focus default pensions solution
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NewsUK government consults on green taxonomy
Government says in consultation paper that it is ‘committed to learning the lessons from taxonomy implementation in other jurisdictions’
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NewsUK’s Unite asks pension funds to halt investments with Pemberton
Clwyd and six other Welsh pension funds invest in Pemberton via the Wales Pensions Partnership’s private credit strategy
