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...Elyn Corfield, chief executive of Lloyds’ business and commercial bank, said she was “delighted to support the CDFI sector to back local businesses, with a focus on deprived areas, and ensure they have access...
...scheme members and employers....
...Warrington invested in the building through an investment trust that was listed on a specialist property exchange....
...did its first transaction last year with a corporate pension plan that was not in the protection fund....
...The chancellor is also expected to outline further details on reforming defined benefit pensions and unlocking funds from local authority pension schemes. The BVCA declined to comment....
...The employer has no work to do and the only involvement of the member would be exercising a right to opt out if they wished....
...The Local Government Pension Scheme has more than 6mn members. If it were a single fund, it would rank among the top 10 biggest in the world, with more than £365bn of assets....
...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,...
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...“There’s no question that the primary purpose of [pensions] is to deliver in the members’ best financial interests,” Young said....
...Pension savers are to be given the legal right to ask their employer to pay into a retirement fund of their choice under changes confirmed in the Autumn Statement....
...In a move that will increase pressure over funds with significant allocations offshore, the chancellor confirmed he would introduce a new requirement on defined contribution pension funds, and local authority...
...Our international readers may be wondering where a local council even gets the money to make high-stakes bets. The answer: leverage....
...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...
...National Trust Woman will not be easily won over....
...The UK government has defended reforms which will allow employers to more easily extract surpluses from pension plans to invest back in the business....
...The report urged the BBC to “refresh” its strategy after finding it was behind schedule with parts of it and had offered no plans to get back on track....
...No regulated advice or guidance (which is free from the government-backed Pension Wise service) was sought for 37 per cent of income drawdown plans taken out in the 2022-23 tax year....
...— 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...
...Last year, chancellor Jeremy Hunt announced plans to relax the tax charge on surplus funds extracted by employers from company pension plans, with the changes to come into effect in April....
...The backlash comes as the Pension Protection Fund (PPF), which is designed to protect members of defined benefit pension plans if their sponsoring employer collapses, has proposed cutting the total amount...
...Urban wealth funds would manage those assets on a pooled but local basis....
...Access to about £225bn in surplus funds held in traditional-style company retirement plans is to be made easier for thousands of employers under measures set out by the UK government....
...Still, it is a middleman and although local retailers who use it can proudly say they stock West Country produce, they have no direct contact with the producers....
...More recently employers have opted for cheaper defined contribution schemes, where members have no certainty over what income they will get in retirement....
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