Pension Fund Strategy – Page 77
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APG to considerably expand illiquid investments unit
Dutch pensions manager plans to hire an additional 50 employees across Amsterdam, Hong Kong and New York
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PLSA: UK schemes ‘well-prepared’ for Brexit
But 45% of respondents to a new PLSA survey said leaving the EU would have a negative impact on their employer covenant
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Average CDI allocations double over 18 months, says report
Inreasing allocations to infrastructure investments one of the biggest drivers, according to financial tech company RiskFirst
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Report calls for more schemes to promote partial transfer option
Greater access to partial transfers could be in the interest of members, financial advisers and schemes, according to Royal London and LCP
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Italy roundup: Fon.Te ups equities allocations in raft of changes
Separately, €3bn Laborfonds is seeking managers for its balanced, dynamic sub-funds
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Robeco calls time on fiduciary management offering
The €186bn asset manager’s decision follows the departure of its largest customer earlier this year
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UK roundup: LGPS pool names managers for £2bn sterling credit fund
Plus: Master trust The People’s Pension is allocating to an ‘adaptive cap’ equity index managed by SSGA
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LGPS asset pool tenders sustainable equities mandate for up to £1.5bn
Brunel Pension Partnership says it will be looking for managers whose approach ‘embraces the vision of sustainable economic growth’
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UN Climate Summit: Asset owners commit to carbon neutral portfolios by 2050
Members of ‘Net Zero Asset Owner Alliance’ will set and publicly report on targets for the same points in time as countries do under the Paris Agreement
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Responsible investment policies ‘could boost contributions by £1.2bn’
Franklin Templeton recommends schemes align with member values via better integration of responsible investment into DC strategies
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Swiss pension funds’ alternatives allocation hits double digits [updated]
Complementa study also finds that pension funds will have to cut benefits to close the gap between required returns and forecast returns
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‘Huge’ variations in outcomes between default DC funds: report
Employers have been urged to monitor the performance of their pension plans more closely given big differences between fund outcomes
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Italian pension fund Solidarietà Veneto to add infrastructure, real estate
Fund for companies in the Veneto region said it was ready to make the move based on its experience so far in private markets
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€3bn Dutch pharmacy staff scheme reduces risk profile
PMA reduces equities allocation from 50% to 40% in favour of fixed income, lifts interest rate hedging to 40%
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Cadbury Mondelēz takes a bite out of liabilities with £520m buy-in
Deal with Rothesay Life is pension scheme’s second buy-in in 10 years as insurers process busy pipeline of de-risking transactions
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HSBC pension scheme strikes £7bn longevity risk transfer
Deal with Prudential Financial is the second-largest longevity swap completed by a UK pension plan after the BT Pension Scheme’s £16bn deal in 2014
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UK universities back fresh funding proposal for USS
Employers backing the UK’s largest pension scheme agree to measures supporting lower contribution rates, including a moratorium on exits
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ASR grows consolidation vehicle with €1.2bn pension client
The insurer’s general pension fund’s assets are set to grow to €3.5bn, while its membership will hit 7,000
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Dutch scheme Owase to join ASR’s consolidation vehicle
€900m manufacturer’s scheme will boost Het Nederlandse Pensioenfonds’ assets to €2.4bn, making it the second-largest APF in the Netherlands
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UK government consults on merger of two local authority pension funds
Merger of £492m closed transport authority fund into £15.7bn West Midlands Pension Fund intended to address solvency risks