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...British retirement funds hold more than £1tn in assets on behalf of tens of millions of savers but they have come under fire from policymakers and City asset managers for allocating more cash to global equity...
...Public pension funds in North America allocated an average of 11 per cent of their assets to private equity last year, up from 8 per cent three years ago, according to Preqin, a financial data provider....
...did its first transaction last year with a corporate pension plan that was not in the protection fund....
...The letter said domestic companies make up 4 per cent of Canadian pension funds’ assets, down from 28 per cent at the end of 2000....
...Stephen Poloz, who led the Bank of Canada from 2013 to 2020, has been given the task of convincing Canada’s pension funds, which manage more than C$4tn (US$2.9tn), to allocate more capital at home....
...Bristol Myers Squibb raised $13bn in a large bond deal on Wednesday that will help fund two acquisitions....
...Its name, resounding with the city’s slave-trading past, has now disappeared, but bits of structure linger on in what has become a rather odd hybrid, named Bristol Beacon, following a protracted, decades-long...
...Bristol Myers Squibb launched a potentially jumbo-sized bond deal on Wednesday to help fund two acquisitions....
...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 PPF bought part of a property fund at a 35 per cent discount to net assets from a fellow pension fund this year....
...The chancellor left open the threat of tougher action against pension funds not providing greater support to the UK....
...Like El Colmado, a large proportion of the money their customers spend leaves not only the city area but the country....
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...Jonathan Booth, 64, from Hertfordshire, is one of around 17,000 customers of the Bristol-based Hartley Pensions who have been unable for 18 months to transfer their funds — totalling about £1.3bn — to other...
...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,...
...It is easy to see why the government might see this as an easy way to rival the likes of Canada’s big public sector pension funds....
...Pension funds can use this to get access to gilts to hedge against movements in the value of their liabilities....
...— has quite the job ahead of him, which he obliquely nodded to in the pension plan’s statement: “I’m grateful to CalPERS’ leaders for the trust they’ve put in me to help shape the pension fund’s next chapter...
...However, this is to underestimate the impact of the new transparency, governance and other behavioural constraints now imposed on governments by pension funds and other asset managers as a condition for...
...The finance ministry forecasts the size of the fund to reach €200bn by the mid-2030s and returns on investments will enable distributions of €10bn a year to the statutory pension fund from 2036....
...lower the cost of pension promises....
...The pension fund announcement is of a similar ilk. UK pensions have lower allocations to domestic equities than pension funds in many other countries....
...The extent of losses to pension funds in 2022, which equated to a near quarter drop in asset value over the year, was disclosed in a long-awaited report by the Pensions Regulator this week....
...Analysis from The Pensions Regulator suggests that more than 3,750 of the UK’s defined benefit-style retirement plans have assets in excess of their liabilities or are in surplus. Read more here...
...a wave of selling by some pension fund strategies forced a Bank of England intervention....
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