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...Oklahoma’s state pension board voted nine to one against a proposal from treasurer Todd Russ to fire BlackRock and State Street, and state pensioners have sued to prevent Russ from overriding them, alleging...
...A spokesperson for the family member trustees of the Sackler Trust said: “We have supported numerous institutions at Oxford over many years and want to help ensure that they can pursue their missions without...
...Trusts can be set up in a number of ways, including through outright gifting, but also on the back of a will....
...Ailman, who has served as CIO of the California State Teachers’ Retirement System since 2000, announced his retirement at a board investment committee meeting on Thursday....
...Investment trusts make up 27 per cent of the companies in the FTSE 350 index....
...Thirty-six “master trusts”, the largest workplace DC pension schemes, held three-quarters of the DC pension sector’s £143bn total assets, or £105bn, as of June, according to The Pensions Regulator....
...boards....
...“I notice that the same is not true of the impending rise in the pension rate.” (The state pension rose 10 per cent last year and will rise 8.5 per cent in April.)...
...So, to get the volume of investment in UK equities, the government needs the much larger pension fund industry on board, where investment into UK equities has fallen to about 6 per cent....
...But Chris Ailman, the departing chief investment officer of the $327bn California State Teachers Retirement System, believes higher rates are attractive for investors in private credit, because of the higher...
...The PPF, which has £39bn in assets, said its rules meant it was in effect constrained in further reducing the levy irrespective of the state of its own finances because it is limited by law from increasing...
...The chief investment officer of the UK’s £30bn state-backed workplace pension fund, Nest, has warned against pension funds being forced to invest to support domestic growth....
...(Simon Mundy) Smart reads The Taskforce on Social Factors, set up by the UK government to look at social risks and impacts that pension fund trustees should consider, published its final report yesterday...
...Since 2021, trustees of the UK’s biggest pension schemes have been required to identify, assess, manage and disclose climate-related risks and opportunities....
...Wellcome Trust warns of private equity ‘shakeout’ Nick Moakes, chief investment officer of the £38bn Wellcome Trust, reckons that the private equity industry is facing a “shakeout” that could result in...
...The immutable right of pension trustees to invest as they see best on behalf of their members runs through this debate....
...London Paul Ross Chairman, Optifuel, Chair CEA and former Director Advanced EngineeringSectir Advisory Board Susan Walton Director, Frost Consulting Mike Weston Chair of Trustees, Institute of Cancer...
...In its green finance strategy earlier this year, the UK government asked its pensions regulator to clarify pension scheme trustees’ fiduciary duties, and said it wanted to revise the regulatory framework...
...The chief executive of Canada’s influential Canada Pension Plan Investment Board told the FT’s Harriet Agnew and DD’s Will Louch, “people invest in private markets because of returns”....
...Data visualisation by Keith Fray Letters in response to this article: Pension fund assets could be made to work for benefit of all / From Rory Murphy, Chair of Trustees, Merchant Navy Officers Pension...
...At its latest session the WPSC heard from Sarah Breeden, of the Bank of England, that it is working on new “steady state” resilience plans for LDI. What lessons can we start to draw?...
...One is the state got out of the business of property in the mid-90s and allowed people to buy their state homes, and it sort of developed from there....
...And then trustees of the schemes began shifting assets out of equities into government bonds that were supposedly low risk....
...So all of this thrust UK companies into a state of uncertainty. They simply didn’t know whether they had enough assets to pay the pensions of all their members as they fell due....
...HAPI has accumulated $240mn in assets which are almost entirely held by the $143bn State of Wisconsin Investment Board that oversees the investment assets of the public pension plans in the midwestern state...
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