All articles by Jonathan Williams – Page 60
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NewsTPR 'inadvertently' imposes higher risks on schemes, consultancy says
UK – Comments come as UK government publishes draft wording of regulator's new statutory objective.
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NewsKodak UK pension fund re-examines PE after settlement
UK – Trustee says 20% stake likely to be reduced following settlement in $1.8bn court case.
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News
UK pension regulator's statement on deficits signals 'era of flexibility'
UK – Funding statement welcomed for offering trustees greater flexibility in addressing deficits.
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NewsNAPF infrastructure fund tenders management mandate
UK – Expressions of interest in Pensions Infrastructure Platform to be solicited from mid-May.
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News
OECD warns pension funds against 'excessive' reliance on ratings agencies
GLOBAL – Think tank backs active shareholder approach.
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NewsShould pension fund fiduciaries express political preferences?
Jonathan Williams warns of the undue influence of 'political considerations' on UK pension funds.
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NewsIreland's NAMA offloads Irish loan portfolio to Starwood
IRELAND – Sale will see establishment of joint venture, with NAMA owning a 20% stake.
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NewsNorwegian oil fund struggling to meet 5% real estate allocation
NORWAY – Fund gradually building 'capacity and competence' required for asset class.
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NewsDutch MP warns of Europe-wide PPF in wake of Waterford Crystal
EUROPE – Warns pension funds with 'house in order' would be forced to support funds in deficit.
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NewsBentley UK fund agrees £400m longevity swap
UK – Car manufacturer insures pensioners' longevity with Deutsche Bank-owned Abbey Life.
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News
Kodak trustee defends $650m settlement as 'best outcome'
GLOBAL – Praises ‘growth potential’ of company bought as part of settlement.
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NewsNorwegian oil fund facing 'considerable' challenges
NORWAY – Head of Norges Bank's investment arm says low-yield environment causing problems.
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NewsInvestment consultants appointed to LGPS national framework agreement
UK – Group of local government pension schemes seeks to rein in administration costs.
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NewsPension coverage must grow, argues German banking fund
GERMANY – Country's largest Pensionskasse calls for increased coverage, rails against IORP II.
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NewsEuropean fund tenders $20m Asia-Pacific real estate mandate
GLOBAL – IPE-Quest search seeks managers overseeing regional core strategies.
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Features
Is the fiduciary duty debate just for show?
It is hard to argue with the assertion that the fiduciary duty placed on investment intermediaries could be seen as a moral duty, a way of behaving, a form of conduct – to borrow a phrase recently employed by Daniel Godfrey, head of the UK’s Investment Management Association.
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Features
The dangers of codifying fiduciary duty
Fiduciary duty is a vague concept under UK common law that can be used in arguments both for, and against, sustainable investing.
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NewsTPR chairman warns against 'near-cash' shift at approach of retirement
UK – New chairman says pension funds should retain 'reasonable' exposure to growth assets.
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NewsNational Employment Savings Trust unveils voting, engagement policy
UK – Approach to emphasise accountability, transparency and pay restraint.
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Eastman Kodak settles $2.8bn lawsuit with underfunded UK pension scheme
GLOBAL – Agreement will see pension fund acquire part of Kodak business for $650m.
