Nest adds BNP for private credit
Nest has announced its third private credit mandate to a new fund manager, appointing BNP Paribas Asset Management to source diversified global loans. Nest plans to commit around £500m across its private...
Investment
Performance gap widens among workplace default pensions
The gap between the worst and best-performing workplace pensions has widened, according to the latest quarterly figures from the Corporate Adviser Pension Average (CAPA) index. This data shows the 1.6 million-member Now:...
L&G target date funds to have ESG tilt and higher growth strategy
Legal & General Pathway funds will now take into account environmental, social and governance (ESG) risk factors as part of its stock selection process. As well as making these funds more sustainable,...
New pensions bill could see master trusts offer CDCs
Collective defined contributions schemes could be opened up as an option for master trusts, if the new Pension Schemes Bill becomes law. The Department of Work and Pensions has given further details...
Woodford fund to be wound-up
The Woodford Equity Income fund is to be wound-up, with its beleagured manager, Neil Woodford, effectively sacked as manager. Link Asset Services, which runs the fund on Woodford’s behalf, made the decision....
Pensions bill included in Queen’s Speech
A Pensions Schemes Bill has been included in the Queen’s Speech today, which lays out the legislative plans for the forthcoming parliamentary session. This bill includes legislation to enable the pensions dashboard...
Low tax theme problematic for ESG: Aspinall
The ‘S’ in environmental, social and governance (ESG) is complex to implement in investment strategies, particularly in relation to companies that pay little tax because they tend to be the most profitable,...
Nine out of 10 employees work while sick: Canada Life
Nine out of 10 employees say they have been into work while ill, more than three times the number who will admit to ‘pulling a sickie’ according to new research. This survey...
Call for ‘net pay’ AE issues to be addressed in Pensions Bill
The Queen’s Speech should include a “comprehensive” pensions bill, to pave the way for pensions dashboard, collective defined contribution pensions, as well as better treatment of non-taxpayers in auto-enrolment schemes. Aegon’s pension...
AllianceBernstein partners with climate scientists to fund ESG research
The asset manager AllianceBernstein is collaborating with leading scientists to develop new research on climate risk and investment performance. This research project will be run from Columbia University’s Earth Institute. Scientific experts...
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