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Showing 21 - 30 of 130 results for "Pension Scheme"

Climate change worse than pandemic: UK regulator

JAMIE WILLIAMSON  |  THURSDAY, 8 APR 2021
... zero status that includes divestment actions and greater investment in green infrastructure. Meanwhile, the BT Pension Scheme - the largest private sector defined benefit scheme - is aiming for net zero greenhouse emissions by 2035. However, a report ...

UK pension fund fossil fuel investments laid bare

JAMIE WILLIAMSON  |  THURSDAY, 25 FEB 2021
... analysis, which only looks at the 200 largest fossil fuel companies, says 3% of the total value of the Local Government Pension Scheme is in fossil fuels. Looking at both direct and indirect holdings, 1% is in coal and 2% in oil and gas. Just 10 companies ...

Super leaves gig economy behind

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 DEC 2020
... Actuaries Institute said. "These gig economy workers are more likely to be reliant on the government-funded Age Pension scheme to fund their retirement income." The Actuaries Institute called for more data to be collected to adequately address this and ...

Pension plan sued for expensive, active strategy

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
US-based Fidelity Investments has been caught up in a class action that alleges a major pension plan exposed members to risky, expensive actively-managed investments instead of allocating to safer passive options. The complaint, filed against Coca-Cola ...

Northern Trust scores $20bn mandate

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
... Northern Trust to provide asset servicing solutions, such as custody, financial reporting and analytics, to the M&S Pension Scheme, a defined benefit pension scheme of which M&SPT is trustee. The scheme has about £11 billion in assets, making it one ...

Half of UK pension funds seek buy-out

JAMIE WILLIAMSON  |  MONDAY, 12 OCT 2020
... pension funds are now targeting a buy-out as their long-term objective, new research shows. A survey of 100 DB pension scheme trustees by consultancy Hymans Robertson revealed the number of pension funds aiming for self-sufficiency has dropped markedly ...

Pension funds sue Allianz Global Investors

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
Several pension funds are suing hedge funds managed by Allianz Global Investors for allegedly engaging in risk-taking behaviour and losing billions of dollars in retirement savings. The Arkansas Teacher Retirement System (ATRS) was the first pension ...

BlackRock wins $7.1bn mandate

KARREN VERGARA  |  FRIDAY, 11 SEP 2020
BlackRock has secured a $7.1 billion (£4bn) mandate from a UK pension scheme. The investment manager will provide asset allocation and manager-selection decisions across all asset classes for the Civil Aviation Authority Pension Scheme (CAAPS), a defined ...

UK pensions to factor in climate change risk

JAMIE WILLIAMSON  |  FRIDAY, 4 SEP 2020
... week, the UK's work and pensions secretary Therese Coffey proposed legislation that would require occupational pension scheme trustees to consider the long-term financial risks posed by climate change. The government wants to see the 100 largest occupational ...

UK pension fund to go net zero

JAMIE WILLIAMSON  |  THURSDAY, 30 JUL 2020
The UK's National Employment Savings Trust, known as NEST, will immediately shift close to half of its entire portfolio to climate aware strategies and begin divesting from companies involved in thermal coal, oil sands and arctic drilling. NEST ...