Hints and tips:
...Global policymakers have in recent years increased scrutiny of these agreements, particularly where some of the collateral is moving offshore and beyond the oversight of a national regulator....
...The trustees of the schemes did not respond to requests for comment. UKAR has gradually been selling the assets of B&B and Northern Rock to the private sector....
...“We are concerned that HSBC — in support of the Hong Kong National Security Law — is withholding pension funds from BNO [British National Overseas] passport holders and thus contributing to the oppression...
...“These case studies are both surprising and troubling from an investor protection, national security and human rights perspective,” said Roger Robinson, former chair of the Congressional US-China Economic...
...A number of banks, insurers and financial institutions offer pension funds under the Hong Kong government’s Mandatory Provident Fund retirement saving system, including Manulife, Invesco, Fidelity and HSBC...
...“However, as with any advisory relationship, the decision-making power sits with trustees.”...
...Armitt is a former chair of the National Express Group and held senior roles with the Berkeley Group as well as the Board of Transport for London....
...The median Gen X household has just $40,000 saved for retirement, and 40 per cent of all 401k accounts have a zero balance, according to the National Institute on Retirement Security....
...More than half of BlackRock’s $10tn in assets under management are retirement savings, including institutional pension funds, corporate defined contribution plans known as 401(k)s and individual accounts...
...The supervision of contributions is the responsibility of pension providers and the trustees of every pension fund....
...The move to broaden out the types of collateral that liability-driven investment (LDI) funds can use to backstop their trades comes as the market explores ways to prevent a repeat of the near-implosion of...
...A letter to participants from Dalriada Trustees, which now manages the funds, has warned them they could be taxed on everything transferred from their original pension funds to Ark — or in some cases even...
...If the fund underperforms for a second year, “it is essentially forced to merge with another provider”. Australian super fund trustees face a strict duty to act in members’ best “financial” interests....
...The typical Gen X household has just $40,000 saved for retirement, and 40 per cent of their 401k plan balances are zero....
...Back in November 2022 these investors — including Trillium Asset Management, the New York City Retirement System and the Greater Manchester Pension Fund — had filed a shareholder proposal that would have...
...Rothschild was named chair of the trustees of the National Gallery in 1985....
...Since 2021, trustees of the UK’s biggest pension schemes have been required to identify, assess, manage and disclose climate-related risks and opportunities....
...Andrew Gallagher, chair of trustees for the BAE Systems pension schemes, said: “As we continue to look at ways to further de-risk pension liabilities, reducing the cost and improving the efficiency of asset...
...Many executives are tired of the balance sheet volatility, the ongoing risk and potential demands for top-up payments from scheme trustees....
...Third, Hunt claims that the “Mansion House compact” commits funds that account for “around two-thirds of the UK’s entire DC workplace market, to the objective of allocating at least 5 per cent of their default...
...Tugendhat’s interest in the topic is telling: portraying it as a matter of national security might be a stretch, but reform should certainly be a priority on the grounds of economic efficiency....
...Then, if the right investment option isn’t there, complain to the trustees....
...“The committee has clearly set out its expectations relating to the minimum level of resilience it wants trustees and fund managers to adhere to when using LDI, and I am pleased this builds on the guidance...
...“Maybe [those] approaching retirement, wanting to protect the money that they have made....
...funds of customers....
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