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    Josephine Cumbo

    Global Pensions Correspondent

    Josephine is the FT’s global pension correspondent covering the big trends in asset allocation by the world’s leading pension investors. She has extensive experience reporting on pensions from corporate to state and private pensions. She is the recipient of numerous awards for her pensions reporting over the past decade.
    Email Josephine Cumbo @JosephineCumbo  on Twitter (link opens in a new browser window)

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    • Friday, 29 September, 2023
      Moral Money
      France pushes ‘new vision’ for development finance  Premium content

      Also in today’s newsletter, ExxonMobil pension fund fined over climate disclosures

      The AFD’s headquarters building
    • Wednesday, 27 September, 2023
      Pensions
      UK savers continue to raid pensions as inflation takes its toll

      £4bn withdrawn between April and June this year

      Workers walking to work with the City of London in the background
    • Friday, 22 September, 2023
      Pensions
      Rollout of auto enrolled pensions for under-22s likely in 2025

      Government set to launch a consultation on key policy change

      Car mechanic balancing car wheels in an auto repair shop
    • Thursday, 21 September, 2023
      Pensions industry
      Truell mothballs Pension SuperFund after watchdog inaction

      The UK’s first commercial pension consolidator made three attempts at regulatory approval

      The City of London skyline
    • Tuesday, 19 September, 2023
      Pension Protection Fund
      Employers call for changes to UK pension lifeboat levy

      Backlash from business as Pension Protection Fund’s reserves swell to more than £12bn

    • Tuesday, 19 September, 2023
      Pensions
      Teenagers to benefit from workplace pension age changes

      Auto-enrolment reforms agreed by Parliament

      A waitress in a cafe cutting a slice of cake
    • Friday, 8 September, 2023
      Confederation of British Industry
      CBI pension scheme holds up merger with Make UK

      Manufacturers’ lobby group does not want to inherit retirement scheme

      The CBI HQ
    • Tuesday, 5 September, 2023
      UK politics
      Pension Protection Fund pushes for new remit to boost UK investment

      Statutory public corporation says its role should be expanded so that it can manage healthy defined benefit schemes

      People walk over London Bridge
    • Monday, 7 August, 2023
      Private equity
      Private equity firms offer sweeteners to lure reluctant investors

      Pension plans and wealth funds given fee discounts as deal drought makes fundraising tougher

      A screen announces the listing of private equity firm TPG
    • Tuesday, 25 July, 2023
      Pensions industry
      UK pension funds must broaden investments, new regulator warns

      Trustees should consider best interests of savers or face ‘robust’ intervention, says Nausicaa Delfas

    • Wednesday, 19 July, 2023
      Universities Superannuation Scheme
      UK universities set to secure big cut in pensions bill

      Universities Superannuation Scheme records a surplus after more than a decade in deficit due to sharp rise in interest rates

      A student walks in the campus of Glasgow university
    • Tuesday, 18 July, 2023
      Thames Water PLC
      Thames Water’s biggest investor cut value of its stake by 28%

      Canadian public sector fund Omers owns almost a third of highly indebted UK utility

      A view of the head office of Thames Water in Reading
    • Thursday, 13 July, 2023
      Pension Protection Fund
      UK employers’ insurance levy payments to fall as pension rescue scheme prospers

      Pension Protection Fund reserves exceed shortfall of the plans it protects for the first time

      Private pension pay advice slips
    • Tuesday, 11 July, 2023
      Workplace pensions
      UK seeks to improve employers’ access to pension surpluses

      Government opens consultation on how to channel billions of pounds from defined benefit funds into wider economy

      Pound coins stacked on top of of £10, £20 and £50 notes
    • Monday, 10 July, 2023
      UK economy
      Bailey and Hunt join forces to demand UK wage restraint

      BoE governor and chancellor signal their determination to curb high inflation in Mansion House speeches

      Governor of the Bank of England Andrew Bailey at the Mansion House
    • Monday, 10 July, 2023
      News in-depthUK politics
      ‘Mansion House reforms’ seek to channel pension savings into unlisted firms

      Treasury says deal could unlock up to £50bn of investment in high-growth companies by 2030

      Jeremy Hunt wants to tap the UK’s financial services sector to reinvigorate the economy.
    • Monday, 10 July, 2023
      Jeremy Hunt
      Hunt to set out City reforms to drive UK growth and investment

      Mansion House speech will hail pact with pension groups that could unlock £50bn

      Jeremy Hunt
    • Sunday, 9 July, 2023
      The Big Read
      The pension deal bonanza remaking the UK’s retirement sector

      Soaring interest rates have facilitated a big rise in ‘bulk annuity’ transactions, but the impact of transferring tens of billions of pounds of assets to a handful of insurers could be profound

    • Friday, 7 July, 2023
      Southern Water Ltd
      Southern Water announces £550mn investment from Macquarie

      Latest UK water utility to seek additional cash as concerns grow about sector’s financial health

      Running tap
    • Friday, 7 July, 2023
      Workplace pensions
      BP in talks over insurance deal for £30bn pension scheme

      Fund’s trustees considering paying an insurer to take over liabilities of energy group’s UK final salary plan

      BP logo
    • Wednesday, 5 July, 2023
      Thames Water PLC
      Thames Water investor USS to be quizzed by watchdog over stake

      The Pensions Regulator’s scrutiny comes after plans emerge for a bailout of the utility

      Thames Water headquarters in Reading, England
    • Sunday, 2 July, 2023
      Thames Water PLC
      Thames Water crisis could hit UK investment, ministers warn

      Utility seeks £1bn to shore up finances amid concern that investment in US is more attractive

    • Sunday, 2 July, 2023
      UK politics
      Call for UK to use co-investment with pension funds to drive backing for riskier assets

      ABI trade body pushes for state support ahead of sector reforms being unveiled by chancellor

    • Friday, 30 June, 2023
      UK infrastructure
      Thames Water travails threaten to plunge privatised sector into crisis

      CEO’s abrupt exit and revelations of planning for temporary nationalisation intensify scrutiny of debt-laden industry

      Montage of Sarah Bentley,  Thames Water logo and protestor with sign
    • Friday, 30 June, 2023
      Thames Water PLC
      Thames Water shareholder shows support for troubled company

      Universities Superannuation Scheme gives backing to turnround plan as Severn Water boss tries to rally sector against nationalisation

      Thames Water logo
    Previous page You are on page 1 Next page

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