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...Senior industry professionals say they are worried about the growing involvement of overseas reinsurance firms operating outside UK regulation in corporate pension deals....
...But the two groups have now submitted a joint bid, according to people familiar with the matter. The sides remain in talks and there is no certainty that a deal will be reached, the people said....
...The so-called pensions lifeboat takes over the assets and liabilities of failed companies’ pension schemes....
...The pensions industry has lobbied against any push by the government to dictate how they invest on behalf of their members....
...“Two countries that have important, competent and competitive arms industries have never before tried to produce a complex weapons system together in this way, and that is by definition a hard thing to do...
...However, pension funds and other investors prefer to invest in assets that are already built or come with substantial government guarantees that minimise construction risks....
...As a signal of the required change in approach, it recommended that TPR’s objective to safeguard the Pension Protection Fund, the industry lifeboat, be replaced with a new objective to protect future, as...
...pension schemes that worked across industries and professions....
...Brussels has cleared the €18.6bn Spanish joint venture between Orange and MasMovil in what the telecoms industry sees as the potential start of further consolidation....
...some now looking to extract pension surplus....
...The state pension was a key concern for officials attending the Trades Union Congress (TUC) meeting. Delegates called for planned increases in the state pension age to be scrapped....
...Ocado has threatened legal action against Marks and Spencer as the two retailers clash over a final payment tied to their online joint venture....
...In response, other countries spoke in favour, stressing that rapidly ramping up Europe’s defence industry and maintaining support for Ukraine required ambitious approaches....
...Purchases totalled £948mn last year, down 28 per cent from 2022’s record high of £1.3bn, according to data from the Association of Investment Companies, a trust industry body....
...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 central purpose of DB pension schemes — to pay the benefits promised to members — should not be undermined,” said Hetty Hughes at the Association of British Insurers, the industry trade body....
...The City of London Corporation, which has collaborated with the government to channel long-term capital from pension funds into UK companies, said the chancellor’s new pension measures would “turn the dial...
...The UK’s £1.4tn “defined benefit” pensions industry has been switching to corporate debt for its higher yields and to prepare the schemes for potential sales to insurers, analysts said....
...Pension funds are the answer to the UK’s economic stagnation — so say ministers, policy experts and just about everyone else....
...Some of the sector’s problems are common to the wider investment trust industry. Higher interest rates have increased the allure of other lower-risk asset classes....
...Margaret Snowdon, chair of the Pension Scams Industry Group, which seeks to stamp out malpractice, says the tax bills issued so far have mostly related to sums that the schemes paid out to victims....
...According to Budget documents, investment into UK equities from across the pensions industry has fallen to around 6 per cent....
...In a blistering blog post this week, the veteran pensions expert Henry Tapper argued that the pensions industry is also at fault, as 28mn people saving for retirement in workplace-sponsored schemes “struggle...
...The banking industry learnt this the hard way....
...Nigel Peaple, spokesperson for the Pensions and Lifetime Savings Association, the workplace pension trade body said: “Investment must be in the interest of pension savers and we look forward to working with...
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