Asset Allocation
Thames Water Marked Down by More Than 60%
The U.K.’s Universities Superannuation Scheme downgraded the value of its holdings in the private utility, putting infrastructure investments under a spotlight.
The proposed reduction would cut the combined employer and employee contribution rate to 16.2% from 31.4%.
The Universities Superannuation Scheme had stored participants’ details on Capita’s Hartlink platform, yet states ‘USS member data … has not been compromised.’
UK’s largest pension plan will shun investments, like tobacco and coal, it deems ‘financially unsuitable.’
CalSTRS, USS, Japan’s GPIF warn public companies and asset managers to adapt or die.
UK’s largest private pension opens £17 billion portfolio to 85,000 defined contribution members.
Brexit woes, global economic uncertainty amid fund’s top concerns.