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...British players who are focused on equities have also had to contend with the fallout from a multi-decade shift by UK pension funds away from holding shares in their local market, which deprived domestic...
...The chancellor is also expected to outline further details on reforming defined benefit pensions and unlocking funds from local authority pension schemes. The BVCA declined to comment....
...The Local Government Pension Scheme has more than 6mn members. If it were a single fund, it would rank among the top 10 biggest in the world, with more than £365bn of assets....
...In a move that will increase pressure over funds with significant allocations offshore, the chancellor confirmed he would introduce a new requirement on defined contribution pension funds, and local authority...
...Funds such as the Pension Protection Fund, the UK’s £32bn-in-assets retirement scheme lifeboat, and Border to Coast Pensions Partnership, a £60bn local authority pool, are among those looking for bargains...
...In his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...There are always a lot of different interests to manage at the top of a pension plan, but the psychodrama between the board, plan members, the investment staff, the media, and local, regional and national...
...These are risks that every private pension scheme and sovereign wealth fund faces today. But for these risks, such funds have been rewarded over long-term horizons....
...The $13.3bn in withdrawals includes last week’s announcement by the Texas Permanent School Fund that it would pull $8.5bn at the end of April, the largest removal to date by Republican-run pension funds....
...Booth wrote to FT Money after appeals to his local MP and other policymakers to intervene over his pension woes prompted a “disappointing” response....
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...The majority of shareholders — including local pension funds and retail holders — would have received Apollo’s price while arb funds got their pay out....
...Renewable energy $650mn solar project unites pension funds Pension funds from Sydney and Toronto have converged on a small city in North Carolina’s Blue Ridge Mountains to invest $650mn in a utility solar...
...Four public pension plans with more than $4bn allocated to China-focused private equity funds told the Financial Times they were ready to delay redemptions from investments nearing the end of 10-year lifespans...
...There appears to be no circumstances where local authority pension benefits are reduced....
...The government confirmed it would revise guidance governing the £360bn Local Government Pension Scheme (LGPS), which is administered by 86 town hall pension funds, so more cash is directed towards UK start-ups...
...Huge pension funds in Canada and Australia have been held out as examples that UK schemes could follow to improve returns....
...They include proposals from the Tony Blair Institute for Global Change to consolidate the UK’s defined benefit and local government pension schemes into £300bn-£400bn megafunds managed by the Pension Protection...
...Among larger investors, Swedish pension funds have long owned domestic equities....
...The policy reversal follows pushback from groups representing investment managers and pension funds who own freeholds and benefit from the reliable, long-term income that ground rents provide....
...The pension fund announcement is of a similar ilk. UK pensions have lower allocations to domestic equities than pension funds in many other countries....
...Christine Muller is 31 and lives in York, where she works as an occupational therapist at the local authority....
...This would range from private sector defined contribution (DC) and defined benefit schemes to local authority pensions....
...Hunt also set out proposals to double the allocation of local government pension schemes in private equity to 10 per cent, which he said could unlock a further £25bn by 2030....
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