Mercer, a business of Marsh McLennan (NYSE: MMC) and a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people, today announced the completion of the acquisition of Cardano. Read more here.
Cardano, the investment management and advisory specialist, has announced that its Discover AI covenant tool will be available through Knowa. This integration with Knowa brings Cardano’s Discover AI covenant analysis closer to the Trustees’ fingertips, empowering them with real-time covenant insights within the Knowa platform. Find out more here.
We are very pleased to have supported the Trustees of the Coats UK Pension Scheme on its £1.3bn buy-in with Pension Insurance Corporation (PIC) which has been announced today.
Our advice helped the Trustees evaluate the financial strength and ESG implications of transacting with its selected insurer counterparty. Read more here.
For the first time since March 2020, the Bank of England’s Monetary Policy Committee decided to cut interest rates by 0.25% to 5% in August. Read more here on the latest decision and our overall outlook for the UK economy.
After two years of industry consultation, the Pensions Regulator’s Defined Benefit (DB) Funding Code of Practice was laid in Parliament at the end of July. The Code gives practical guidance for trustees on how to comply with all DB scheme funding requirements. Chris Heritage, Director, and Andrew Stewart, Head of Client Team, share our initial reflections on the new Code here.
TPR’s updated guidance represents a major step forward in the developing market for Superfunds and Capital Backed Arrangements (CBAs), which provide important new options for companies and trustees looking to provide better outcomes for their members in a cost-effective way. Read our reflections here.
Cardano, the investment management and advisory business, today announces the appointment of Jonathan Repp as Director and Sonia Sandhu and Jacob Wooderson as Analysts to expand its Risk Solutions team. This move will enable the Risk Solutions team to address the growing demand in the space and expand its use of technology to enhance data and benefits analytics.
Cardano is pleased to announce that its application to remain a signatory of the UK Stewardship Code has been successful. As a signatory, Cardano adopts an active approach to stewardship that includes engaging collaboratively alongside other investors, using tools such as filing shareholder resolutions and voting at AGMs to express our views, or disinvesting if needed.
The polls were right – today the UK woke up to a new Government. The Labour party secured a landslide victory. Read our comments on the immediate market reaction and what future corporate activity could look like here.
In line with market expectations, the Bank Of England’s Monetary Policy Committee (MPC) again voted to maintain interest rates at 5.25%. Read Ross Barr’s, Senior Multi-Asset Strategist, comments on the latest decision, how inflation trends have improved through the year, and how fiscal conditions will limit the incoming government’s room for manoeuvre here.
