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Pension funds to soak up £120m fine for Thames Water [updated]
ABP, PFZW, USS and the BT Pension Scheme will all take a hit to their investments in the UK water company
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Enfield seeks manager, Thames Water hunting actuary
[17:05 CEST 01-09] UK – The London Borough of Enfield is seeking an active manager to run a global equity mandate worth £55m (€62.4m), or 12% of its pension fund, as at end-June.
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Top 1000 Pension Funds 2024: Pensions back at a sweet spot
Assets for the leading 1000 European pension funds grew by 8.7% year-on-year, reversing last year’s loss of 6.8%. This brings total assets back up to above their previous high water mark of €9.7trn in 2022’s research exercise. This year’s overall net gain in assets of €775bn is the largest since 2021’s increase of €810bn.
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UK roundup: IMI, Inchcape Motors, Steinway & Sons, Highland, Thames Water, Reader's Digest
UK – Engineering company IMI and automotive firm Inchcape have both appointed investment advisers to their respective pension schemes, while the UK scheme of Steinway & Sons has appointed an independent trustee firm.
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UK: Thinking beyond Brexit
Pensions regulation has taken a backseat to Brexit but this has not stopped the industry from moving ahead with changes