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...The chancellor is also expected to outline further details on reforming defined benefit pensions and unlocking funds from local authority pension schemes. The BVCA declined to comment....
...Funds such as the Pension Protection Fund, the UK’s £32bn-in-assets retirement scheme lifeboat, and Border to Coast Pensions Partnership, a £60bn local authority pool, are among those looking for bargains...
...The Local Government Pension Scheme has more than 6mn members. If it were a single fund, it would rank among the top 10 biggest in the world, with more than £365bn of assets....
...In his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...In a move that will increase pressure over funds with significant allocations offshore, the chancellor confirmed he would introduce a new requirement on defined contribution pension funds, and local authority...
...These are risks that every private pension scheme and sovereign wealth fund faces today. But for these risks, such funds have been rewarded over long-term horizons....
...The average top 200 US corporate pension fund now has 105 per cent of the assets needed to fund its benefits, the highest ratio in 15 years, according to BlackRock, which has urged its corporate pension...
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...Four public pension plans with more than $4bn allocated to China-focused private equity funds told the Financial Times they were ready to delay redemptions from investments nearing the end of 10-year lifespans...
...Booth wrote to FT Money after appeals to his local MP and other policymakers to intervene over his pension woes prompted a “disappointing” response....
...There appears to be no circumstances where local authority pension benefits are reduced....
...This would range from private sector defined contribution (DC) and defined benefit schemes to local authority pensions....
...By comparison, fees on an average “superannuation” default investment option range from 0.91 to 1.21 per cent of account balances, according to Canstar, an Australian financial website....
...The government confirmed it would revise guidance governing the £360bn Local Government Pension Scheme (LGPS), which is administered by 86 town hall pension funds, so more cash is directed towards UK start-ups...
...Pensions Hunt unveiled a shake-up of the pensions system aimed at giving workers greater control over where they build their retirement funds....
...Huge pension funds in Canada and Australia have been held out as examples that UK schemes could follow to improve returns....
...But he added that it would not be right for pension funds to simply invest in home markets due to ministerial pressure....
...They include proposals from the Tony Blair Institute for Global Change to consolidate the UK’s defined benefit and local government pension schemes into £300bn-£400bn megafunds managed by the Pension Protection...
...The pension fund announcement is of a similar ilk. UK pensions have lower allocations to domestic equities than pension funds in many other countries....
...Hunt also set out proposals to double the allocation of local government pension schemes in private equity to 10 per cent, which he said could unlock a further £25bn by 2030....
...Intermediate-to-longer maturity USTs should see about $150bn demand from a combination of private and public (state and local) pension plans . . ....
...Such funds should not be forced to invest in the UK. But they should be able to see — and seize — local opportunities far better than outsiders....
...In a move aimed at stimulating economic growth, Hunt confirmed plans to introduce a new requirement on “defined contribution” and local authority pension funds to disclose their allocations to UK and international...
...My husband has an adequate pension fund invested in very low-risk equities. He is 73, very healthy, and has no immediate plans to retire....
...One area of promise is the Local Government Pension Scheme, which if it were a single fund would rank among the biggest in the world, rivalling the famed funds of Canada and Australia....
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