Hints and tips:
...Since the automatic enrolment policy was introduced in 2012, more than 10mn savers have been brought into workplace pensions, many now in mega funds, also known as master trusts....
...The supervision of contributions is the responsibility of pension providers and the trustees of every pension fund....
...Discretionary trusts allow more flexibility, with selected trustees having decision-making abilities over how and when money is distributed....
...Yet in the fourth quarter of 1974, fearful insurance companies, pension funds, investment trusts and unit trusts together sold more shares than they bought for the first and last time during the decade....
...Thirty-six “master trusts”, the largest workplace DC pension schemes, held three-quarters of the DC pension sector’s £143bn total assets, or £105bn, as of June, according to The Pensions Regulator....
...Delfas cautioned that trustees would also have to look “carefully” at whether City fund managers could bring down their fees to reduce risks to pension savers....
...This method of donating is desirable as donors do not pay income tax on the funds donated and there is no cap on the tax benefit individuals can gain....
...The chief investment officer of the UK’s £30bn state-backed workplace pension fund, Nest, has warned against pension funds being forced to invest to support domestic growth....
...Since 2021, trustees of the UK’s biggest pension schemes have been required to identify, assess, manage and disclose climate-related risks and opportunities....
...That’s eye-watering, compared with the usual 0.5 per cent annual fee on a default fund, and more than most private equity investment trusts charge: 11 out of 17 trusts in the Association of Investment Companies...
...A legal compulsion to invest would probably be in conflict with trust law and trustees’ duties, according to experts....
...Capital and income from the trust is distributed at the discretion of the trustees (who may include the parents), so there is more control over the money....
...In its green finance strategy earlier this year, the UK government asked its pensions regulator to clarify pension scheme trustees’ fiduciary duties, and said it wanted to revise the regulatory framework...
...If they can’t find the cash or the business goes insolvent for any other reason, the pension fund ends up in the Pension Protection Fund, the industry lifeboat. Once there, members’ benefits are cut....
...Data visualisation by Keith Fray Letters in response to this article: Pension fund assets could be made to work for benefit of all / From Rory Murphy, Chair of Trustees, Merchant Navy Officers Pension...
...Mark’s pension contributions, of around £44,000, were refunded to Claire, while around £165,000 of the fund was returned to the employer....
...Yet in practice, trustees are often constrained where trust deeds stipulate that discretionary increases must be agreed by the employer....
...Pension funds rethink asset allocation When UK pension funds started to buckle under the turbulence caused by the Truss government’s “mini” Budget in September, senior executives at J Sainsbury were taking...
...For U.S. public pension LPs, this can marginally improve funding statuses or alter required contribution funding rates....
...There’s a range of exclusions including for pension and non-taxable charitable trusts, as well as life insurance trusts that pay out only on death, serious illness or disabled trusts and bank accounts held...
...Northern Trust was overwhelmed by a slew of margin calls during the UK government bond market turmoil, hampering the ability of pension funds to raise cash....
...It also announced plans to bring forward legislation this year aimed at further opening up private market investment by authorised pension master trusts....
...HMRC changed this last September, and announced that all UK trusts (subject to certain exemptions, including for pension and charitable trusts, which sound like they would not apply in your case) need to...
...Where trust deeds permit, pension schemes are now required to change the indexation benchmark to the more realistic consumer price index....
...BREIT is now a central plank in Blackstone’s attempt to broaden out from selling its funds to big institutions like sovereign wealth funds and pension plans to “ordinary” (ish) investors....
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