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...Pension trustees have also said they are worried about the potential threat from such arrangements....
...trustee board” and communicate with members over the decision....
...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....
...beneficiary of the trust....
...Trusts can be set up in a number of ways, including through outright gifting, but also on the back of a will....
...Boeing’s board met on the weekend to finalise the details, said people familiar with the situation....
...The board had also lost trust in Altman, according to a person with knowledge of their thinking....
...Yet in the fourth quarter of 1974, fearful insurance companies, pension funds, investment trusts and unit trusts together sold more shares than they bought for the first and last time during the decade....
...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....
...“It has been an honour to lead and guide this massive global investment trust fund for the teachers of California,” said Ailman....
...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....
...boards....
...One helpful safeguard of transferring shares into trust is that, unless the contrary position is included in the trust deed, trustees must act unanimously....
...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....
...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...
...Larry Kellner, chair of the company, will also not stand for re-election to the board. He will be replaced by former Qualcomm chief executive Steve Mollenkopf....
...Asked whether there were resources available to plug the pension deficit at Amalgamated Holdings Wilkinson Limited, the ultimate parent of Wilko that is owned by a series of family trusts, Wilkinson said...
...Pietro Rocco, head of green finance at the Carbon Trust, told Moral Money that pension funds globally would “not have a material impact on decarbonisation” if they failed to include scope 3 emissions, which...
...But some executives believe the charge levied on 5,200 pension plans is still excessive given the level of the scheme’s reserves of more than £12bn, which have built up owing to a combination of fewer than...
...“The indicative valuation results show a major improvement in the [USS] funding position,” said Dame Kate Barker, chair of the USS board of trustees....
...Read the full story here Five unmissable stories this week The board of Baillie Gifford’s flagship £14bn Scottish Mortgage Investment Trust has announced a £1bn share buyback in an attempt to prop up its...
...The potential inheritance tax benefits of pensions mean Isas are often drawn on first, with pensions held in reserve....
...During a recent midterm review of the BBC’s charter, Frazer asked to talk to rank-and-file staff — a move that seemed to suggest she did not trust the board’s view....
...Since 2021, trustees of the UK’s biggest pension schemes have been required to identify, assess, manage and disclose climate-related risks and opportunities....
...(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...
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