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Brunel Pension Partnership has invested in the Orchard Street Social and Environmental Impact Partnership, as the investment manager completes the first close of its inaugural impact fund.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download Find whitepapers
Brunel Pension Partnership enlists PGIM Real Estate for affordable housing allocation PGIM Real Estate to manage allocations to U.K. affordable housing, according to their respective websites. PGIM Real Estate will manage up to £250 million ($342 million), according to a separate news release by PGIM Real Estate. Northern LGPS invested £150 million in PGIM Real Estate's U.K. Affordable Housing Fund, according to a news release published on its website Thursday. "The U.K. has a severe housing shortage which urgently needs to be addressed. Patient long-term capital such as ours is well place...