InvestmentRSS

BT awards $1bn private equity mandate to Hermes

News on the go

On the go: The £57.5bn BT Pension Scheme has awarded a $1bn (£801.4mn) private equity mandate to Hermes GPE, further building on two previous private equity investments with the manager.

Government issues call for evidence on climate investment

News on the go

On the go: The UK government is exploring ways to increase the mobilisation of public and private investment to achieve 2030 climate and nature targets in emerging and developing economies, having launched a call for evidence on May 12.

Just two-thirds of master trusts will deliver ‘moderate’ retiree outcomes

News on the go

On the go: There is at least a 600 basis point difference in returns between the top and bottom-performing master trust providers due to a wide variety of approaches to default investment strategies, according to research by LCP.

CofE convenes climate transition group, Clara pledges net zero

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including a coalition of UK pension funds joining forces to support climate transition in emerging markets, and a net zero pledge from Clara-Pensions.

PIC invests in social housing, Brunel targets biodiversity

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the Pension Insurance Corporation investing in a social housing provider, and the Brunel Pension Partnership highlighting biodiversity as a priority following a review of its responsible investment strategy.

60% of pension funds don’t expect to meet net zero goals

Bloomberg

Sixty per cent of a group of large pension funds across North America, Europe and Australasia believe they will fail to achieve their net zero goals under current conditions, new research has revealed.

Tesco: 9 in 10 members seek trust and safety in an ESG strategy

Bloomberg

Members want a responsible investment strategy to deliver growth, but they also want to have trust in their scheme and ensure their savings are safe, according to research on Tesco’s defined contribution scheme members.

Nest hires efficient portfolio manager

News on the go

On the go: Master trust Nest has appointed a manager to help make its portfolio management more efficient through the use of derivative contracts.

Scheme costs ‘could increase’ under plans to promote illiquids in DC

Fotoware

The Department for Work and Pensions’ plans to promote investment in illiquid assets could end up increasing costs for members and raise the regulatory burden on schemes without improving retirement outcomes, consultants have warned.