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...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....
...The overall size of the campus will grow from 125 acres to 440 acres, while the number of scientists and support staff working on it is expected to increase from about 3,000 today to between 7,000 and 9,000...
...“I am not sure that it is the role of the government to tell trustees where they place their money,” said Armitt....
...The supervision of contributions is the responsibility of pension providers and the trustees of every pension fund....
...They include Baillie Gifford’s flagship Scottish Mortgage Investment Trust, Bill Ackman’s £7.4bn Pershing Square Holdings, and the £2.5bn RIT Capital Partners trust....
...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....
...This assumes the CGT allowance and tax rate remain unchanged over the period and a 7 per cent annual rate of return....
...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...
...Last week, the board of the 78-year old gallery announced that it was closing for good....
...Since 2021, trustees of the UK’s biggest pension schemes have been required to identify, assess, manage and disclose climate-related risks and opportunities....
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...The Origin board had recommended approval of the offer, but its chair Scott Perkins said after the vote that the arduous bidding process had not disrupted the company’s momentum and would not change its...
...Gifts out of surplus income are completely free of IHT — no tapering, and no Dr Who regeneration!...
..., Vynokur and his board were able to react quickly....
...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....
...So I will introduce new requirements for DC and local government pension funds to disclose publicly their level of international and UK equity investments....
...In the March Budget, the Treasury flagged further reorganisation of local government pension assets....
...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....
...“It was a very difficult decision,” she told the Financial Times. But in the end, she and Alecta’s board decided: “The loss has decreased trust among customers....
...They took a sleepy investment trust and focused it on forestry and other renewable assets. Assets under management have tripled to £7.8bn in the three years to December 2022....
...The Financial Times has advocated a no-taboos review, on a cross-party basis, to examine how the UK health system is organised and funded, and what it might learn from overseas models....
...Focus M&S needed to win back its reputation for quality and value. I remember standing in M&S a few years ago, gasping at a small box of cherries costing £7....
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...But “how we saw things, it’s broken, no matter if you’re left wing or right wing”. “Everything we thought is irrelevant, it’s a restart and nobody knows how it’s going to go,” Shalom says....
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