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...“I am not sure that it is the role of the government to tell trustees where they place their money,” said Armitt....
...Over 22mn people have Isas, of which 14.9mn hold a cash Isa, 3.9mn hold a stocks and shares Isa, and 3.4mn hold both, according to the latest available HM Revenue & Customs’ data....
...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....
...“Peltz brings no additive skills to the Board, doesn’t understand our business and has no plan to create shareholder value,” the company wrote in a letter to shareholders on Monday....
...According to the analysis, it spent $1mn a year on managing its investments, which generated $3.8mn in income and capital appreciation of $73mn....
...“It makes no sense for UK savers that they can only gain these ingredients when their pension fund sponsor goes broke.”...
...Read the full story here Five unmissable stories this week The board of Baillie Gifford’s flagship £14bn Scottish Mortgage Investment Trust has announced a £1bn share buyback in an attempt to prop up its...
...Nausicaa Delfas, newly appointed chief executive of The Pensions Regulator, added that it was important for trustees of defined contribution plans to have the expertise to assess more complex assets — and...
...(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...
...Pietro Rocco, head of green finance at the Carbon Trust, told Moral Money that pension funds globally would “not have a material impact on decarbonisation” if they failed to include scope 3 emissions, which...
...Asked whether there were resources available to plug the pension deficit at Amalgamated Holdings Wilkinson Limited, the ultimate parent of Wilko that is owned by a series of family trusts, Wilkinson said...
...Since 2021, trustees of the UK’s biggest pension schemes have been required to identify, assess, manage and disclose climate-related risks and opportunities....
...This assumes the benefit rises by 3 per cent a year, and that you get investment returns of 5 per cent....
...Until December 3, https://www.afmuseet.no...
...It’s your money, not theirs. But the government is making no secret of wanting to use your pension to support the UK economy....
...A legal compulsion to invest would probably be in conflict with trust law and trustees’ duties, according to experts....
..., and now a board member of London CLT — helped to make Citizens House a reality....
...The Board of DS Smith understands that Mondi is considering a possible offer for DS Smith although no proposal has been received at this stage....
...So I will introduce new requirements for DC and local government pension funds to disclose publicly their level of international and UK equity investments....
...This month local media site El CEO published a list of 2,500 mostly no-bid contracts that it said companies linked to Slim had won during López Obrador’s term worth some 61bn pesos ($3.6bn)....
...Last month, it revealed it was preparing to enter the country’s A$3.5tn superannuation pensions market, following the footsteps of Vanguard, which made its debut at the end of last year....
...“There’s no reason why the family shouldn’t live in Dubai. The weather’s better,” joked Alun Rogers, a local entrepreneur and chair of the Stoke-on-Trent and Staffordshire Local Enterprise Partnership....
...It falls from 4.5% of GDP in 2023-24, to 3.0%, 2.7%, 2.3%, 1.6% and 1.1% in 2028-29....
...In some cases, when anti-ESG and boycott laws passed, public pension fund trustees balked at being forced to move money, saying it would violate their fiduciary duty to put investors first....
...In the March Budget, the Treasury flagged further reorganisation of local government pension assets....
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