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...Led by pension funds and endowments, big investors sold 99 per cent of their private equity holdings at or below their net asset value on the secondary market last year, according to Jefferies, the most...
...based on salary and length of service....
...The Treasury said it was working “constructively with relevant partners, including the FCA, on pension fund policy”....
...“There will be some schemes who like the idea that their members will be looked after by a mutual,” he said, aiming at the smaller pension fund end of the market....
...the UK’s Financial Services Compensation Scheme, which compensates customers if a financial business fails....
...The firm has also agreed to back a £300mn deal to acquire a majority stake in a large property portfolio being sold by British Airways’ New Airways Pension Scheme, and bought a building in Birmingham for...
...When you’re accumulating (building your pension pot) you can “buy and forget”. Plus, regular monthly accumulators may have been comforted by “pound-cost averaging”....
...The PPF bought part of a property fund at a 35 per cent discount to net assets from a fellow pension fund this year....
...In a statement on Tuesday, the $494bn pension fund said Stephen Gilmore, the former chief investment officer of the NZ$73bn (US$43.5bn) New Zealand Superannuation Fund, would become its new CIO in July,...
...Pension funds are the answer to the UK’s economic stagnation — so say ministers, policy experts and just about everyone else....
...At the same event, the Pensions and Lifetime Savings Association, which represents the UK’s £1tn pensions sector, said the government should not tell pension funds how to invest....
...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....
...Furthermore, the Department for Work and Pensions will extend the Pension Protection Fund’s mandate to become a public sector consolidator of schemes that are too small for cost-efficient buyouts....
...The damage was particularly acute in LDI pooled funds, which are managed for mainly smaller pension funds....
...Pension funds are piling into UK corporate bonds, encouraging some French and German companies to issue sterling debt for the first time....
...For decades the plans — which promise guaranteed pensions calculated on salary and length of service — formed the bedrock of British workplace pension provision....
...So-called defined benefit pension funds are already subject to disclosure requirements on their asset allocation....
...The government argues that present arrangements, in place since 2012, have led to millions of small pension pots building in the system, as workers change jobs over their careers....
...a wave of selling by some pension fund strategies forced a Bank of England intervention....
...Crystallising is the process of accessing the funds in your pension. Usually, to activate the process, you extract the first 25 per cent of the amount you hold in your pension as a tax-free lump sum....
...In its annual white paper to parliament on the country’s two main wealth funds — the smaller domestic Government Pension Fund Norway and Government Pension Fund Global (which is managed by NBIM) — the Norwegian...
...“Pension funds use leverage to manage cash flow and manage portfolios more efficiently,” said James Lewis, chief investment officer at the UK arm of Mercer, which advises pension funds....
...These owners, which also include pension funds Omers of Canada and Britain’s USS universities scheme, are in a stand-off with regulator Ofwat over the amount of shareholder equity needed to support the water...
...“Those with big defined benefit pensions or property income might be willing to play a bit faster and looser with their investment portfolio,” said AJ Bell’s Laith Khalaf....
...Hedge fund Citadel and its sister firm, market-maker Citadel Securities, have agreed to pre-let at least 250,000 sq ft, or a third of the space, at 2 Finsbury Avenue....
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