UK Pensions Secretary Backs Collective Defined Contribution Plans
Amber Rudd said new type of pension should ‘deliver improved investment returns.’
Tag: UK
Brunel Launches Search for Outside Managers to Run New Fund
British pension system needs talent for its fledgling high alpha fund, plus another one coming in late 2019.
Newsmakers
Parliament Votes Nay on Brexit, and Pound Continues to Drop
Frustrated PM May says lawmakers’ thumbs-down ‘does not solve the problems that we face.’
UK Corporate Pension Funded Levels Rise in February
Brexit expected to bring higher volatility and deficits for pensions.
FCA Issues No-Deal Brexit Tips for Firms
UK regulator says it has prepared for a range of scenarios for when the UK leaves the EU.
Regulation
Moody’s Cautiously Upbeat on Brexit Extension
Ratings agency says allowing more time for EU talks would be ‘credit positive,’ though it isn’t upgrading Britain now.
UK Pension Scams Are All in the Family
Organized crime couples and families are swindling millions from pensions.
Reckless Pension Bosses Could Get Seven Years in Prison
UK introduces new criminal offense of ‘willful or reckless behavior.’
Asset Management Culture
CIO of UK’s Biggest Pension Plan to Exit
Roger Gray, who nearly tripled the Universities Superannuation Scheme’s assets over 10 years, will leave in September.
Brunel Readies Manager Search for New Global Equity Fund
Pension pool wants High Alpha portfolio to outperform benchmark by at least 3%.
UK Pension Scam Victims Lose an Average of £91,000
Losses are likely to be even higher, as most scams go unreported.
Newsmakers
UK Trade Organization Seeks to Define ESG
The Investment Association attempts to clear up three key issues in the space.
UK Industry Group to Advise on GMP Equalization
PASA-led group will help pensions abide by High Court ruling.
UK Corporate Pensions’ Deficit More than Doubles in December
Funded level of the FTSE 100 pensions falls 3% as surplus proves to be short lived.
UK Private Sector Pensions to Pay More than £300 Billion by 2021
Record amount attributed to rapidly growing buy-in, buy-out market.