Who does my pension company invest in?

DullGreyGuy

picitup said:

DullGreyGuy said:

What is XXXX? Are you talking individual companies? Industries? Countries? 

PIC has several webpages on their investments starting from https://www.pensioncorporation.com/purposeful-investments.

Freedom of Information requests only apply to public bodies, BT and PIC are private companies and so do not have to respond to FoI requests. 

DullGreyGuy

Thanks for your reply.  I've redacted the entities as I'm sure it would attract a flurry of debate, but anyway, according to Keep_pedalling, it's dead in the water anyway.  Oh well,,,,,,

Wasnt wanting to you to name what XXXX is but more generally know what sort of thing it is... if you dont want to invest in the Defence industry that may be more or less difficult than not wanting anything for BAE Systems. It would also depend on your views on the likes of Intel where the majority of their products are used in civil applications but some are used in Defence. 

It gets messy though as others have said, insurers have invested heavily in real estate either directly or through financing and they may have little knowledge of who the tenants are in multi-occupancy sites likewise the users of infrastructure projects. 

Long term insurance gets a very significant reduction in the amount of capital they need to hold if the cashflow from their investment holdings matches the anticipated claims hence 30 year finance agreements are very attractive to backing annuities. 

picitup

@leosayer

I thought the same as you.  No idea if LCC are just trying to fob me off, or are useless, I suppose both are possible. 

But every cloud eh?, while checking around, I found the link to the gov.uk pension tracing service, so am now going through my CV contacting administrators of previous employer's pension schemes on the offchance there's  a lost one.  That £36m will be somewhere.... 🤣

leosayer

Establishing whether companies have involvement in 'controversial' activities is a minefield (pun intended).

There are many different data providers each with their own research and classification methodologies that can produce different results.

An example I recall is Daikin, the Japanese air-con manufacturer that until recently produced white phosphurus rounds, a particularly nasty incendiary weapon. Who would guess they were also defence company?

Making life more difficult is that pensions are generally invested in funds (and sometimes fund of funds) which may require a see-throughs to discover the true exposure.

picitup

Interesting.  It's always so hard to get the full picture.  Sometimes too hard for mere mortals.....

picitup

DullGreyGuy said:

picitup said:

DullGreyGuy said:

What is XXXX? Are you talking individual companies? Industries? Countries? 

PIC has several webpages on their investments starting from https://www.pensioncorporation.com/purposeful-investments.

Freedom of Information requests only apply to public bodies, BT and PIC are private companies and so do not have to respond to FoI requests. 

DullGreyGuy

Thanks for your reply.  I've redacted the entities as I'm sure it would attract a flurry of debate, but anyway, according to Keep_pedalling, it's dead in the water anyway.  Oh well,,,,,,

Wasnt wanting to you to name what XXXX is but more generally know what sort of thing it is... if you dont want to invest in the Defence industry that may be more or less difficult than not wanting anything for BAE Systems. It would also depend on your views on the likes of Intel where the majority of their products are used in civil applications but some are used in Defence. 

It gets messy though as others have said, insurers have invested heavily in real estate either directly or through financing and they may have little knowledge of who the tenants are in multi-occupancy sites likewise the users of infrastructure projects. 

Long term insurance gets a very significant reduction in the amount of capital they need to hold if the cashflow from their investment holdings matches the anticipated claims hence 30 year finance agreements are very attractive to backing annuities. 

@DullGreyGuy Fair enough, I'll give you the general areas, it's a country and an army, but really will shy away from any debate on it, as it can be quite polarising.

It was a thought....... 😁

itsthelittlethings

There are usually meetings that you can go along to.

Marcon

itsthelittlethings said:

There are usually meetings that you can go along to.

What sort of/whose meetings are you suggesting? 

Linton

DB pensions in payment would be largely covered by guaranteed UK government bonds, not investments in company shares, That is how the pension company ensure they can continue to be paid out in the long term

Marcon

Linton said:

DB pensions in payment would be largely covered by guaranteed UK government bonds, not investments in company shares, That is how the pension company ensure they can continue to be paid out in the long term

Depends on the investment strategy being followed by the trustees and how closely they want to 'match' assets and liabilities.

itsthelittlethings

Marcon said:

itsthelittlethings said:

There are usually meetings that you can go along to.

What sort of/whose meetings are you suggesting? 

They’re kind of like shareholder meetings I think. For pension companies.