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...The UK Pensions Regulator said it was monitoring market developments and was working on a” number of initiatives” with the Bank of England and the PRA....
...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....
...“No counterparty wants to be on the wrong side of these trades and 2008 remains in many minds,” said Mark Clews, an accredited professional trustee with Dalriada, a trustee firm....
...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....
...The chancellor left open the threat of tougher action against pension funds not providing greater support to the UK....
...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...
...the fund and notes from its board meeting....
...Local government workers, MPs, and those working for the Bank of England see their monthly pension contributions invested in assets like equities, bonds and infrastructure....
...Ward, who introduced many of the members to the Ark schemes, was barred in 2016 from acting as a pension fund trustee over his “very serious conduct and capability failures”....
...“It functions like a fund, has strong investor protections, maintains full transparency of assets, and appoints an independent trustee who holds the legal right to those assets and represents investor interests...
...Booth wrote to FT Money after appeals to his local MP and other policymakers to intervene over his pension woes prompted a “disappointing” response....
...That figure is roughly one-tenth of 1 per cent of BlackRock $10tn in assets under management, and some Republican state pension funds still have well north of $20bn parked with the money manager....
...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....
...Nausicaa Delfas, TPR chief executive, tells the FT: “We will be looking to help move the market to consolidate and to have a professional trustee on every board.”...
...and China,” said the head of private equity investments at a public pension plan that owns ByteDance stakes....
...£1bn of government debt (real or imagined) or £1bn of managed investment?” and concludes that invested assets win out, citing local authority pensions as one example of success....
...Pension plans for local authority staff in England and Wales will be asked to double their allocations to riskier assets under measures announced in the Autumn Statement aimed at unlocking tens of billions...
...This goal covers $400mn of Cushon’s managed funds, and could soon include up to $1.6bn more, depending on trustee approval....
...The head of one of the world’s biggest pension funds has said UK retirement plans should not be told where to invest their money, as the government sets out plans to funnel more cash into unlisted assets...
...The chancellor’s comments come as he and the City of London step up efforts to encourage pension funds to plough tens of billions of pounds of cash into areas that could drive economic growth....
...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...
...“We were a foreign company, pre profit, and the smallest of brokers could get a meeting with [the big pension funds] and that was very surprising,” said Murray....
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