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Showing results for Central Laborers' Annuity Fund Borad of Trustees
...Employers’ access to billions of pounds of surpluses in UK company pension funds would be eased under proposals set out by the government on Friday....
...administered by trustees and backstopped by a sponsor company....
...“If you were going to buy an annuity, while the value of your pot will have decreased, rising interest rates means annuity rates have improved [by more than 35 per cent in the past year],” said Sir Steve...
...Second, by going slow in their assault on inflation the central banks have further undermined the real value of already low annuity incomes....
...So, in a CDC, the trustees, whose sole responsibility would be to manage the fund in the interests of members, would have to adjust promises from time to time in light of experience....
...The key issue is the refusal of bulk annuity providers to put up collateral....
...The Massachusetts Laborers Annuity Fund, a Cigna shareholder, seized on the Chancery ruling on the termination fee....
...A solicitation for so much money with so little information is a sign that something of central importance has gone wrong in US public markets....
...The 400,000 savers and members of the Central States Pension Fund, set up in 1955 to provide for truckers in their retirement, received a letter in May from their board of directors and trustees with an...
...In 2008, a £100,000 pension fund would have generated a life-long annuity income of around £7,900 a year from age 65....
...For instance, UK pension funds can invest in whatever asset trustees deem to be appropriate....
...“One of our priorities in the course of 2015 will be to work quite closely with the pension fund trustees to mitigate [this],” he said....
...UK company pension funds have piled into government gilts, trebling their purchases year on year – in a move that suggests trustees are putting the protection of corporate balance sheets above the selection...
...Given that UK pension deficits stand at £267bn according to June figures from the Pension Protection Fund, such low gilt yields may drive trustees to consider more derivative-based strategies that free up...
...Savers in all types of pension scheme will see their future income at risk – not just those using funds built up in personal and defined-contribution (DC) company pensions to buy an annuity....
...Yet even the combined forces of QE, forced buying by pension funds and funk money seeking a safe haven does not seem to be sustaining the long bull market in bonds on both sides of the Atlantic....
...Assets will have fallen in value, but this is a problem for employers and trustees rather than individuals, who have been promised a certain level of income irrespective of returns from the stock market....
...Pension fund managers have therefore been on a desperate search for yield and returns, as they struggle to outperform their liabilities. As a result, trustees feel forced to take on more risk....
...● Darren Jefferson has left Mercer for Pitmans Trustees, where he will focus on new business development in the north of England....
...Tariq, UK Adrian Boulding: When an employer collapses, one of the options the trustees of the pension scheme have is to wind up the scheme and secure the benefits with an insurance company....
...The one group of retirees who could be harmed are those who have purchased annuities that allow for cuts in the event of deflation, according to Tom McPhail, head of pensions research at Hargreaves Lansdowne...
...Trustees must run them in the interests of beneficiaries....
...trustees and placed an extra degree of accountability on their shoulders....
...As for conventional bonds, the pussy cat bond market means that fund managers are placing monumental faith in the ability of central bankers to protect the value of money and preserve their independence...
...The purpose of liability matching is to ensure that the liabilities can be met regardless of market circumstance and, because this approach reduces the personal risk of trustees and minimises financial risk...
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