Research
UK Regulator TPR Says DC Pensions Falling Behind on Climate Change
Survey finds that only 43% of defined contribution plans’ investment strategies consider climate change.
Tag: UK
Corporate Moves
General Electric Proposes Freezing UK Pension Plans
Move would affect 2,800 employees in two defined benefit plans starting in 2022.
UK Asset Owners and Managers to Form Sustainability Alliance
Nest and others are discussing how to embed environmental and other worthy goals into manager disclosures and selection.
Pensions
Nest to Reduce Carbon in its Growing Emerging Market Strategy
The UK-based pension fund will drill down on renewable energy in the strategy, which will roughly double next year.
Alternatives
Europe’s ‘Ambitious Plans’ for ESG Disclosure Rules
New requirements for financial sector firms in Europe take effect in March.
Regulation
UK High Court Equalization Ruling to Burden Pension Trustees
Legal experts expect court decision will add ‘significant difficulties’ for defined benefit trustees and could take years to complete.
Pensions
Pension Gender Gap Closes to 1% in UK
However, report finds women are still saving £1,300 less per year than men.
Risk
TPR Warns Trustees to Prepare for Plan Sponsor Distress
Regulator says trustees must act quickly to protect savers if they spot warning signs of an employer’s financial difficulties.
Market Moves
UK to Launch First Green Bond in 2021
Issuance intended to help country meet target of reaching carbon net zero by 2050.
Pensions
UK Pension Consolidation, Climate Change: Main Trends over Next 5 Years
Survey finds pension industry executives believe combating global warming takes preference over generating high returns.
Research
UK DB Plans’ Funded Ratio Falls to 91.4% in September
Meanwhile, the aggregate deficit of UK defined benefit plans rose to £166.1 billion during the month.
Regulation
Witnesses at UK Parliament Hearing Say Pension Scammers Have the Upper Hand
Regulators have struggled to keep up with the crooks since pension freedoms were enacted.
Pensions
UK Women Lose Court Challenge Against Pension Age Increase
Ruling could affect 4 million British women. Activists vow to take the case to Supreme Court.
Market Moves
UK Corporate Pension Funding Falls in July
Aggregate deficit of the PPF 7800 has more than tripled over the past year.
Asset Management Culture
Church Commissioners Appoints Bess Joffe Head of Responsible Investment
She will replace Edward Mason, who left earlier this year.