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...She added: “This is where the disquiet comes in for trustees — and their advisers too.”...
...The Pensions Regulator was consulted as part of the deal....
...The Bank of England plans to stress test insurers on their exposure to reinsurers through a flurry of corporate pension deals, according to people familiar with the matter, as concerns mount about the risk...
...In a governance reshuffle intended to signal independence and to reflect its growth, SBTi incorporated as a limited company last year and added independent trustees to its board....
...The appointment comes as some of the pioneers of the $4tn private equity industry plot succession plans beyond their founders, or even second and third generations of leadership....
...Industry-wide data from the government’s Pension Protection Fund showed that UK private sector defined benefit schemes allocated 12.6 per cent of their listed equities investments to UK companies as of 2022...
...The UK Treasury is in line for a windfall of more than £100mn as it takes control of the pension schemes of two banks bailed out by the taxpayer during the 2008 financial crisis....
...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....
...But she told the Financial Times she would have “cause for concern” if ministers were to go a step further and direct trustees as to where funds should be allocated....
...in the secondary market as they try to profit from a wave of selling by some of their peers....
...Employers’ access to billions of pounds of surpluses in UK company pension funds would be eased under proposals set out by the government on Friday....
...For the moment, pension fund trustees in the UK are still not sure if they can prioritise the positive climate impacts of an investment at the expense of creating returns for beneficiaries, according to...
...BlackRock’s LifePath Paycheck, which rolls out in April, also combines target date funds with annuities, but the guaranteed payments can start sooner, allowing participants to keep the rest of their pension...
...Pension funds can use this to get access to gilts to hedge against movements in the value of their liabilities....
...At a meeting held last month, the firm proposed to its board of trustees for Pimco Funds that it consider converting its $141mn Mortgage-Backed Securities Fund from a mutual fund into an ETF, the filing...
...This declaration tends to elicit chuckles from pension scheme trustees, and the PPF submitted in their response to the call for evidence around the question of a public sector consolidator reckoned that...
...These must have exclusively charitable purposes for the benefit of the public, and the trustees of the charity must act in the best interests of the foundation, not the commercial company....
...The bulk of assets in UK DC plans — around 75 per cent — are invested in mainstream listed equities, according to the Pensions and Lifetime Savings Association, an industry body for the workplace pension...
...“Pension liberation” schemes were marketed as a lawful, tax-free way for savers to access some of their pension pot before the age of 55....
...Where assets are significant and expenditure could easily be met in your children’s early adulthood, you also have the option of opening a pension for your children and saving into this....
...Ross Goobey managed the remarkable feat of persuading the fund’s trustees to let him invest in equities and dump the fund’s gilts....
...“What [pension funds] need to do is develop links with the VC industry to give them the confidence to be able to make those investments that are in the interests of their pension holders,” he said....
...UK pension fund trustees must consider increasing the range of their investments, including in start-ups or other illiquid assets, or face “robust” intervention, the British regulator has warned....
...In his Mansion House speech in July, the chancellor announced a voluntary pledge by nine of the UK’s largest pension providers to commit 5 per cent of their so-called default funds for defined contribution...
...He served as chair of trustees of the National Gallery between 1985 and 1991 and chair of the Heritage Lottery Fund from 1994 until 1998....
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