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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”....
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...The group would use mutuality as a pitch to pension trustees, chief executive Barry O’Dwyer told me....
...It added: “The Thames Water and Kemble boards approved our refocused turnaround plan at the end of 2023....
...Following confirmation that the BP scheme was considering buy-in options, the pensioners group called on the trustees to commence a full consultation with the plan’s 60,000 beneficiaries....
...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....
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...where the state’s pension fund for public employees has a stake....
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...Calpers, the US’s biggest public pension plan, is to increase its holdings in private markets by more than $30bn and reduce its allocation to stock markets and bonds in an effort to improve returns....
...Bloomsbury Football Foundation has appointed the former Manchester United executive vice-chair to its board of trustees....
...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...
...Ailman’s departure means two of the biggest pension plans in the US are searching for new investment chiefs....
...At the end of 2022 there were around 27,000 UK DC pension plans, with 85 per cent reporting fewer than 12 members. UK pension plans’ investment remains heavily focused on listed equities and bonds....
...“I want to personally thank [Knight], along with the Nike employees and incredible athletes I have had the pleasure of working with along the way,” Woods wrote on X....
...Private equity executives need to “share the wealth” they create with workers at the companies they buy, according to the investment head of Calstrs, the giant US pension fund that is one of the world’s...
...Under the agreement, to be announced on Monday, 10,000 members of the Sears Retail Pension Scheme will transfer to Clara Pensions, a “superfund” that promises employers a cheaper way to offload their pension...
...Any switch to compulsory investment in the UK should set klaxons blaring for pensions lawyers and trustees....
...Despite the concerns, some pension plans continue to bet heavily on private credit....
...the boards of directors [and] we would only have paid those dividends if we had either the right profit in year or reserved profits”....
...of EnnisKnupp, a consultancy that works with pension plans....
...“The indicative valuation results show a major improvement in the [USS] funding position,” said Dame Kate Barker, chair of the USS board of trustees....
...The 29-year-old owns 100 per cent of Vamin Tatarstan, which has fewer than 50 employees and made profits of Rbs6.5mn on revenue of Rbs7.3bn in 2022, according to Russian corporate data....
...After the investigation by the audit committee of the company’s board, ADM restated the past six years of operating profits for all three of its main divisions....
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