Hints and tips:
Related Special Reports
...The Association of British Insurers welcomed the PRA’s acknowledgment of the importance of reinsurance to well-functioning insurance markets, and said the sector gave “vital protection and peace of mind”...
...But thousands of former Debenhams employees subsequently suffered cuts to their expected retirement benefits under the Pension Protection Fund’s reduced compensation terms....
...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....
...In 2007, Millennium settled a long-running dispute with a rival hedge fund over claims that two former Renaissance Technologies employees had improperly used the firm’s quantitative trading strategies after...
...a wave of selling by some pension fund strategies forced a Bank of England intervention....
...The letter said domestic companies make up 4 per cent of Canadian pension funds’ assets, down from 28 per cent at the end of 2000....
...Stephen Poloz, who led the Bank of Canada from 2013 to 2020, has been given the task of convincing Canada’s pension funds, which manage more than C$4tn (US$2.9tn), to allocate more capital at home....
...The California Public Employees’ Retirement System has named a former top executive at the New Zealand sovereign wealth fund to direct the largest US public pension plan’s investments following the abrupt...
...The pay bump means the majority of its workers will be paid the voluntary Real Living Wage, which is higher than the compulsory National Living Wage in the UK....
...— has quite the job ahead of him, which he obliquely nodded to in the pension plan’s statement: “I’m grateful to CalPERS’ leaders for the trust they’ve put in me to help shape the pension fund’s next chapter...
...Pension funds can use this to get access to gilts to hedge against movements in the value of their liabilities....
...lower the cost of pension promises....
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...Trustees need to be telling advisers what to do, rather than the other way around. Rory Murphy Chair of Trustees Merchant Navy Officers Pension Fund West Sussex, UK...
...The leader of the UK’s biggest private sector pension scheme has urged the government to refrain from excessive intervention in how retirement funds are managed....
...So let’s hope they enjoy the 25th anniversary of the minimum wage this month when it rises to £11.44. Over the past quarter of a century the legal wage floor has lifted the pay of millions....
...Trustees of UK pension schemes would be prevented from taking “overly risky” decisions after government plans to ease employers’ access to billions of pounds in pension fund surpluses, ministers said....
...However, the board of the State Street Global Advisors Luxembourg Sicav, an open-ended investment fund structure, told investors earlier this month that it will not reduce the settlement cycle of its funds...
...Alumni pressure helped trigger a shake-up leading to the resignation of Scott Bok as chair of the board of trustees, and the departure of Liz Magill as president after she struggled at a congressional hearing...
...Wage growth expectations have been stuck above 5 per cent for most of the past two years. The drop in March will support the view that the BoE will be able to start cutting interest rates in mid-2024....
...Critics argue that the UK’s interpretation of the rules — which also cover EU funds — means British trusts’ fees are artificially inflated....
...Private equity executives need to “share the wealth” they create with workers at the companies they buy, according to the investment head of Calstrs, the giant US pension fund that is one of the world’s...
...“It has been an honour to lead and guide this massive global investment trust fund for the teachers of California,” said Ailman....
...The tougher fundraising environment comes as seven public pension funds said in recent interviews and board meetings that they or their peers are making smaller commitments to private credit or spending...
...A Treasury spokesperson said: “The FSCS announced last week that they will provide compensation for customers of Hartley Pensions to fund the movement of customers away from Hartley to other Sipp providers...
International Edition