Hints and tips:
...A single BlackRock fund accounted for $2.1bn of the third-quarter outflows. Sustainable funds shrank 0.85 per cent in the third quarter, while the industry overall was flat....
...Two industry professionals told the Financial Times that companies had been concerned about the level of fees and the idea of a bank getting involved in pensions....
...Others to back the campaign include the central finance board of the Methodist Church and the Pension Protection Fund....
...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....
...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....
...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...
...In a sign of the financial industry’s shifting mood towards this subject, Cushon told Moral Money that from today it would no longer offer new clients a “net zero” option....
...(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...
...That’s eye-watering, compared with the usual 0.5 per cent annual fee on a default fund, and more than most private equity investment trusts charge: 11 out of 17 trusts in the Association of Investment Companies...
...But it seems to have bowed to industry lobby pressure yet again. We’re seeing a pattern here. Not a good sign.”...
...Pension fund reforms I now turn to pension fund reforms that will increase the flow of capital going to our most promising growth companies in a way that also improves outcomes for savers....
...The ineptitude of government ministers on display at the UK Covid inquiry gives a clear message, writes Anjana Ahuja: this must be the last generation of politicians that cannot get its head around science.A...
...industry....
...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...
...“We are seeing some of the tourism-facing industries hiking prices, and the train companies raising fares,” she acknowledges....
...Yet in practice, trustees are often constrained where trust deeds stipulate that discretionary increases must be agreed by the employer....
...Hiromichi Mizuno, the former investment boss of the $1.4tn-in-assets Government Pension Investment Fund of Japan, has joined MSCI as a special adviser to the chief executive officer....
...Republican state treasurers have withdrawn more than $4bn of government pension and treasury funds from the company on the grounds that it “boycotts” fossil fuel....
...signs....
...And at the same time, you know, she says that she was let down by the Treasury and the Bank of England and the regulators, who failed to spot the fact that the pensions industry in the UK was like a tinderbox...
...The unexpected victory of little-known activist hedge fund Engine No. 1 in securing three seats on the board of ExxonMobil was meant to usher in a new era of climate action, and recent deals have reflected...
...funds AMF and ATP, and the European Investment Bank....
...The effects of interest rate rises to-date are still to be felt by many. The labour market is showing signs of loosening....
...DE Shaw and four of its top executives have been ordered to pay a record $52mn to former star money manager Dan Michalow by financial industry arbitrators who found the secretive hedge fund defamed him....
...Delays at US custody bank exacerbated UK pension sell-off Custody lender Northern Trust was overwhelmed by margin calls during the gilt market turmoil, hampering pension funds’ ability to raise cash, according...
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