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...of Pension Professionals....
...Insurers, meanwhile, defend the use of funded reinsurance as one of a number of risk management tools that provide security to their customers’ benefits....
...The matchmaker for the troubled deal between the real estate firm behind the scheme M7 Real Estate and the local authority was Lee Robinson, a Monaco-based financier whose interests have become unusually...
...The government is pushing ahead with a controversial proposal to expand the role of the UK’s pension lifeboat fund as it looks for ways to unlock billions of pounds of retirement fund capital to boost economic...
...Benko, the company’s founder and largest shareholder, has spent much of the last year trying to raise cash for the group, as hundreds of millions of euros of debt has come due at a time of falling real estate...
...Phil Smith, head of Emea LDI research at BlackRock, the world’s largest asset manager, said demand should remain robust, with sterling-denominated corporate bonds tending to make up “the majority” of these...
...Some of the UK’s biggest pension plans are taking advantage of steep price discounts to snap up real estate and other private assets, as fellow retirement funds put their harder-to-sell holdings on to the...
...the costs of their pension obligations....
...Phil Smith, head of Emea LDI research at BlackRock, said: “This is about broadening out the pool of assets that can be used as collateral, increasing that resilience and trying to avoid losses from having...
...The share of European corporate bond sales denominated in sterling has risen to 8.4 per cent from 6.8 per cent at the start of 2023, in the busiest start to the year in a decade for investment grade issuance...
...Experts predict hundreds of billions of pounds of liabilities will transfer from company balance sheets to insurance companies as part of a multiyear shift that will redraw the UK’s retirement landscape....
...“All parties owe it to the women affected to make a clear and unambiguous commitment to compensation,” said Angela Madden, chair of the group Women Against State Pension Inequality, which has been campaigning...
...Additional reporting by Ian Smith...
...Angela Eagle, Labour MP for Wallasey, said: “My constituents and many people that write to the committee feel that insurance is becoming more of a rip-off.”...
...Selling Mayfair: The new owner of the Sotheby’s London real estate franchise aims to disrupt the business of selling multimillion-pound homes in the city....
...Ailman signalled that its private markets allocation, which includes assets such as private equity and real estate and which amounts to about 40 per cent of the portfolio, had peaked....
...Silvio Berlusconi’s Sardinian beach estate is going on sale for €500mn after his five children agreed to sell the asset, according to people with knowledge of the transaction....
...China’s Ping An has reported a drop in its 2023 profits in a year when it said “capital markets fluctuated significantly, credit risk heightened, and risks in the real estate industry were still being mitigated...
...“If you can price better, it can have a tremendous business impact,” said Angela Strange, a partner at Andreessen Horowitz, which invested in hyperexponential in the funding round....
...It comes as the Canadian Real Estate Association publishes home sales data for February. Five more top stories 1....
...According to its annual report, the $60bn Blackstone Real Estate Income Trust generated $2.7bn in cash flows in 2023 but paid out a distribution of more than $2.8bn, resulting in the first annual shortfall...
...Private real estate valuations have traditionally been done using benchmark rates of 10 years or longer, which up until recent months had risen far less than short-term rates....
...Monetary policy: Federal Reserve Bank of Atlanta president Raphael Bostic appears at an event hosted by the University of Cincinnati’s Real Estate Center....
...The strategy has risen in prominence as these giant funds have tied up a larger and larger share of their assets in illiquid investments such as private equity, infrastructure and real estate....
...The value of farmland held by investment groups has more than doubled over the past three years, according to the National Council of Real Estate Investment Fiduciaries....
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