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...“I wouldn’t say it’s halfway house, I’d say it’s a journey,” he said, adding, “you could not find a better encapsulation of rentier economics” than the investment managers and pension funds who own freeholds...
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...Among larger investors, Swedish pension funds have long owned domestic equities....
...The $13.3bn in withdrawals includes last week’s announcement by the Texas Permanent School Fund that it would pull $8.5bn at the end of April, the largest removal to date by Republican-run pension funds....
...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....
...There appears to be no circumstances where local authority pension benefits are reduced....
...Both groups sold their Russian operations to local management in Russia, with Baker Hughes taking a $365mn charge in 2022 linked to its exit from the country....
...“It makes no sense for UK savers that they can only gain these ingredients when their pension fund sponsor goes broke.”...
...Huge pension funds in Canada and Australia have been held out as examples that UK schemes could follow to improve returns....
...The pension fund announcement is of a similar ilk. UK pensions have lower allocations to domestic equities than pension funds in many other countries....
...The policy reversal follows pushback from groups representing investment managers and pension funds who own freeholds and benefit from the reliable, long-term income that ground rents provide....
...No tax is payable on money withdrawn from the scheme....
...such as build-to-rent properties that can then be packaged up in investment funds or used to back corporate pension liabilities....
...In a move aimed at stimulating economic growth, Hunt confirmed plans to introduce a new requirement on “defined contribution” and local authority pension funds to disclose their allocations to UK and international...
...Sir John Armitt, chair of the National Infrastructure Commission, has hit out at a drive to push pension schemes to invest more in Britain, saying there is “no reason” funds should have a home bias....
...And some concrete investment has been announced: $50mn from the New York State pension fund; £4mn from insurance technology company Frontline; a Bank of America-funded skills scheme for students from disadvantaged...
...My husband has an adequate pension fund invested in very low-risk equities. He is 73, very healthy, and has no immediate plans to retire....
...She largely backs Hunt on welfare changes to boost the workforce and on unlocking pension fund investment in UK business and infrastructure....
...I estimate moving costs in line with the Canadian Pension Plan, Sweden’s AP4 Fund, or even the Universities Superannuation Scheme, the biggest private sector UK pension fund, would cut industry costs by...
...Nor do local interest rates affect valuations, as I’ve written before. Likewise, there is no correlation between corporate tax rates and shareholder returns....
...The goal will be to have just one single capital market instead of 27, as are the number of EU countries, and would mean giving Esma, the EU financial markets regulator, direct oversight of pension funds...
...Brasília also has some sway over Previ, the pension fund of state-controlled Banco do Brasil, which is Vale’s biggest individual shareholder with two seats on the board....
...A good example is the growth of AustralianSuper, the largest pension fund in the region, which outperforms UK pensions and has a higher weighting in listed companies....
...It has appointed Ivan Power, a 20-year Macquarie Group veteran, to run the fund. Power said Australia could offer a big pool of private capital, including large pension funds....
...(Kenza Bryan and Kaori Yoshida, Nikkei) UK regulator issues its first fine to a pension scheme over climate disclosure A pension fund run by oil major ExxonMobil has become the first to feel the heat from...
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