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...At the time, the museum’s board of trustees controversially decided to retain a statue of slave trade beneficiary Robert Geffrye....
...“There is potential for trustees to share surplus with scheme members and sponsoring employers in recognition of their historical contributions....
...Assets invested in the fund via retirement accounts such as defined contribution plans would be “generally expected” to be transferred into Pimco’s Government Money Market Fund, depending on the terms of...
...“Many defined contribution scheme members lack the financial education and confidence to choose their own pension provider....
...We start today with a moment of history in Japan where the board of the country’s central bank voted to raise interest rates for the first time since 2007....
...Nausicaa Delfas, newly appointed chief executive of The Pensions Regulator, added that it was important for trustees of defined contribution plans to have the expertise to assess more complex assets — and...
...“The indicative valuation results show a major improvement in the [USS] funding position,” said Dame Kate Barker, chair of the USS board of trustees....
...In July, UK chancellor Jeremy Hunt announced a compact with nine of the UK’s largest defined contribution style plans to boost their investment in unlisted assets, such as private equity, start-ups and infrastructure...
...However, it would not take into account the proportion of the company’s commercial activities conducted in the UK, as defined, for example, by source of revenue or location of assets....
...Additional contributions from Grace Ramos and Benjamin Wilhelm...
...The final shape of Hunt’s plans — which will cover defined benefit, defined contribution and local government pension schemes with tens of millions of members — is due to be set out in his Autumn Statement...
...These fees are currently included in a 0.75 per cent annual cap on charges for workers auto-enrolled in workplace pensions known as defined contribution plans....
...On Wednesday a trade body representing thousands of workplace pension plans said it opposed any move to take away full investment freedom from trustees....
...Reeves backed the proposal by Nicholas Lyons, lord mayor of the City of London, to create a £50bn growth fund, with 5 per cent of every defined contribution scheme’s assets invested in it....
...The future is DC Attention is also now switching to defined-contribution schemes, where workers’ contributions are invested and their income in retirement depends on the performance of those investments...
...Then trade deals sent a lot of union jobs overseas....
...administered by trustees and backstopped by a sponsor company....
...Michela TinderaInside the UK, there’s a focus on another type of retirement system called defined contribution plans. Those are basically like a 401k for US listeners....
...One of the initiatives involves nine of the UK’s largest pension providers committing 5 per cent of their defined contribution default funds to unlisted equities by 2030....
...Venture capital is widely available, but Britain needs to unlock funding from these other pots to help businesses scale up, partly by reducing regulatory barriers and consolidating the numerous defined contribution...
...It says it has no plans to bid for BT — with some significant exceptions. These include a board recommendation or a third-party offer....
...based on salary and length of service — to a defined contribution (DC) model, where members pay into individual accounts....
...The most jaw-dropping evidence so far came from the partner of the head of Lloyds Bank Pensions, who spilled the LBG beans — a “clear breach of confidentiality” according to the trade union....
...Some were registered for minimal social security contributions, but many were not. Most did not even have bank accounts....
...of the Financial Stability Board, a global committee of regulators and central bankers....
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