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...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”....
...The trustees of the schemes did not respond to requests for comment. UKAR has gradually been selling the assets of B&B and Northern Rock to the private sector....
...Thames Water’s shareholders, including pension funds Omers and USS as well as the Chinese and Abu Dhabi sovereign wealth funds, last month said that conditions imposed by Ofwat had made the company “uninvestable...
...The Securities and Exchange Board of India in late February requested Indian mutual funds find ways to slow the flow of funds into smaller stocks and protect investors from a wave of redemptions, sparking...
...A spokesperson for the BP pension trustees said they had a duty to “continually review and assess all investment options to manage the security of the fund and members’ benefits”, adding that “such options...
...“We are concerned that HSBC — in support of the Hong Kong National Security Law — is withholding pension funds from BNO [British National Overseas] passport holders and thus contributing to the oppression...
...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....
...“I am not sure that it is the role of the government to tell trustees where they place their money,” he said, when was asked whether he thought governments should compel pension funds to invest to help meet...
...According to the Office for National Statistics, the proportion of UK-listed shares held by insurance and pension funds has fallen since 1997 when the two sectors held a combined 45.7 per cent of UK quoted...
...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...
...The median Gen X household has just $40,000 saved for retirement, and 40 per cent of all 401k accounts have a zero balance, according to the National Institute on Retirement Security....
...For Mick McAteer, co-director of the Financial Inclusion Centre and a former board member of the Financial Conduct Authority, this is a problem....
...He put it into the Portman Pension Scheme, one of a group of vehicles known as the “Ark funds”....
...Institutional investors that sided with the activist proposals include Norway’s sovereign wealth fund, the Canada Pension Plan Investment Board, California Public Employees’ Retirement System and the California...
...Second, the 27-nation bloc needs to mobilise more of its financial firepower from pension funds and retail investors....
...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....
...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....
...and China,” said the head of private equity investments at a public pension plan that owns ByteDance stakes....
...The main US federal government pension fund is to exclude China- and Hong Kong-listed stocks on the recommendation of its adviser, which cited the rising tensions between the world’s two largest economies...
...Brasília also has some sway over Previ, the pension fund of state-controlled Banco do Brasil, which is Vale’s biggest individual shareholder with two seats on the board....
...(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...
...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 performance of ‘default funds’ that giant UK pension providers shoehorn the vast majority of our money into varies widely....
...Andrew Gallagher, chair of trustees for the BAE Systems pension schemes, said: “As we continue to look at ways to further de-risk pension liabilities, reducing the cost and improving the efficiency of asset...
...Sir John Armitt, chair of the National Infrastructure Commission, has hit out at a drive to push pension schemes to invest more in Britain, saying there is “no reason” funds should have a home bias....
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