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...She added: “This is where the disquiet comes in for trustees — and their advisers too.”...
...Mark Cliff, chair of trustees for the Debenhams Retirement Scheme, said: “We are confident that transferring members’ benefits to Clara provides the best available outcome for them.”...
...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...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....
...An executive at a second public fund said he sold private equity portfolios on the secondary market last year at a “bigger than expected” discount after the plan’s board became “uncomfortable” with its cash...
...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....
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...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....
...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...
...The trustees in charge of Social Security, the government retirement programme, estimated last year that it would have to start cutting benefits in 2033, unless Congress raised the retirement age or levied...
...the fund and notes from its board meeting....
...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....
...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...
...There are always a lot of different interests to manage at the top of a pension plan, but the psychodrama between the board, plan members, the investment staff, the media, and local, regional and national...
...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....
...Related: Bond fund giant Pimco told the FT it was holding a smaller than usual position in US Treasuries and preferred the bonds of countries such as the UK and Canada. 2....
...At least eight very large US public pension funds are using borrowed cash or other leverage strategies, now that the board of Calstrs, one of the largest US retirement funds, this month voted to allow the...
...Harry Keiley, Calstrs’ retirement board chair, said under Ailman’s leadership, the fund had weathered two challenging decades of financial market downturns and bull markets....
...The move to broaden out the types of collateral that liability-driven investment (LDI) funds can use to backstop their trades comes as the market explores ways to prevent a repeat of the near-implosion of...
...Concord, which is controlled by investor Alchemy Copyrights and is ultimately majority owned by US pension fund Michigan Retirement, has been an acquirer of music rights and companies....
...The Charity Commission covers organisations in England and Wales, while the charity regulators in Scotland and Northern Ireland have their own guidance for trustees....
...This week, an ill-judged statement from its board of trustees has put that hard-won reputation at risk — not least among SBTi’s own staff....
...Penn’s board has 48 voting participants, and a further 36 longstanding emeritus members who have reached the retirement age of 70 but are still allowed to attend and speak at meetings....
...The group has been slowly chipping away at BlackRock’s lead in US exchange traded funds, currently one of the hottest parts of the asset management industry....
...The Pension Protection Fund’s Purple Book — the UK’s almanack of private sector defined benefit pensions — dropped on Wednesday....
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