Schemes and asset managers told to buck up stewardship

News on the go

On the go: Pension schemes and asset managers should embed stewardship “in every aspect of their relationship”, the Investment Association and the Pensions and Lifetime Savings Association have said.

ONS reveals schemes’ overseas investments and assets

News on the go

On the go: The Office for National Statistics has published data on UK-funded occupational pension schemes’ overseas assets and direct investments for the first time.

OPSC: fund managers should vote according to client’s expressed view

News on the go

On the go: The Occupational Pensions Stewardship Council has released a report arguing for communication between schemes and fund managers on their voting intentions, and outlining the communication that schemes should undertake to make their requirements known to funds. 

DWP gives schemes greater scrutiny of asset managers on voting

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Pension schemes will be able to use the asset manager tender process to challenge prospective managers on how they would vote on shareholder resolutions, the government has said.

USS launches £1bn asset-backed securities push

News on the go

On the go: The £90bn Universities Superannuation Scheme has launched an in-house mandate to invest in asset-backed securities.

Greater Gwent Pension Fund reports £137mn loss in Q1

News on the go

On the go: The Greater Gwent Pension Fund has reported a loss of £137mn in the first quarter of 2022, mainly due to the global economic climate.

Bank of England raises interest rates to 1.25%

News on the go

On the go: The Bank of England has raised interest rates for the fifth time in a row to 1.25 per cent.

LGPS advisory board chair appeals for infrastructure clarity

News on the go

On the go: The government needs to provide a clearer definition of the kind of infrastructure investment it wants public sector schemes to carry out as part of its levelling up agenda, the chair of the Local Government Pension Scheme advisory board has said.

Research group releases open source investment performance code

News on the go

On the go: The Thinking Ahead Institute has released new open source data that pensions schemes can use to measure investment performance.

Railpen launches voting coalition, BlackRock expands client voting

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including Railpen announcing a pushback against “unequal voting rights” and BlackRock giving its pension clients more say in how they take part in shareholder votes.