Markets – Page 45
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NewsWave of sustainability downgrades affects pension funds too
If an asset manager has downgraded a lot of funds from Article 9 to Article 8 under the SFDR, this could be an indication of greenwashing
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NewsUndersaving in British pensions still substantial, says government report
DWP is backing moves to widen eligibility for auto-enrolment
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NewsG20 finance leaders and central bankers back ISSB progress on new reporting standards
The Financial Stability Board will work with ISSB and securities regulators to prepare a report on the progress of jurisdictions and firms on climate-related financial disclosures by October 2023
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NewsISO launches sustainable finance standard
The British Standards Institute (BSI) – developing the new guidance – has committed to embed climate science into every new or revised standard it creates
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NewsEU rule makers settle on 85% taxonomy alignment for green bond label
The agreement states that all proceeds from an EU-labelled green bond must either be taxonomy aligned or be allocated to credible projects and activities not yet covered by the taxonomy
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NewsUK roundup: GKN Group completes £513m pensions buy-in deal with Just Group
Plus: PMI hires Scottish Widows as master trust insight partner
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NewsSwiss canton changes technical aspects of pension plan
blpk has decided to increase its technical interest rate to 2.25%, from the previous 1.75%
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NewsUK competition authority says fossil boycotts don’t contravene rules
The guidance outlines the kind of green agreements that are acceptable under current competition law
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NewsWhat the Net Zero Asset Owner Alliance actually said about carbon offsets
‘This is a really important decade for dealing with climate change, so asset owners have to decarbonise the real economy,’ says NZAOA’s investment lead
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NewsRSA Group completes £6.5bn buy-in deal with Pension Insurance Corporation
This makes it the largest ever bulk annuity transaction from pension schemes to insure
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NewsPension reform endgame, lower inflation to propel Dutch buyout market
The buyout market for pension funds stalled in 2022, with only one deal concluded
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NewsThreefold rise in asset managers holding board responsible for ESG
Alongside NNIP and PGGM, the investors that took the biggest tumble down the rankings since 2020’s survey were State Street Global Advisors, PIMCO and Allianz Global Investors
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NewsInvestment returns fail to match liabilities for 30% of Dutch pension funds – research
Small sector schemes score especially badly in the study performed by the new website overrendement.nl
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NewsSocial partner model spreads to small, medium-sized firms in Germany
New contracts for more than 600 employees have been signed so far
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NewsUK roundup: L&G Mastertrust reaches £20bn AUM milestone
Plus: Smart Pension achieves 50% cut in default growth fund emissions, 20-20 Trustees to merge with Punter Southall Governance Services
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NewsThe Pensions Regulator launches ESG, climate campaign
TPR is warning trustees that enforcement action may be taken against them if they fail to publish their statement of investment principles
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NewsSwiss canton of Vaud pension fund contains losses with real estate, infrastructure
The scheme’s funding ratio stood at 68.6% at the end of 2022
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NewsGerman Pensionskassen yet to set up joint decision mechanisms on sustainable investments
Pensionskassen still steer their investment policy without considering the demands and opinions of their members, says professor
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NewsBVI slams ESMA’s draft guidelines on ESG, sustainability labels
EFAMA highlights concerns about proposed numerical threshold approach
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NewsEthos opposes Novartis’ proposal of virtual-only AGMs
The foundation is in favour instead of ‘hybrid’ AGMs
