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...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
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...“I don’t want my job and savings at risk at the same time,” he says. “It’s the opposite of diversifying.”...
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...Likewise, there is no correlation between corporate tax rates and shareholder returns. But, best of all, my fund is protected from harm by its low valuation....
...“I think there are plans B, we even talked about it on the sidelines but frankly I hope it doesn’t come to that,” said Giorgia Meloni, Italy’s prime minister, as she left the summit....
...Significantly, Reeves did not propose to force funds to invest in UK assets, saying: “I don’t think mandating is the right thing to do.”...
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...Yet there is no evidence that they are ready to engage in the gruelling task of cutting public expenditure....
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...The chance of ordinary Argentines rioting against austerity was “zero” and his message to Argentina’s growing number of poor, he said, was: “You don’t get out of poverty by magic....
...The data doesn’t support this consensus, but I’m nonetheless inclined to agree. The reasons to consolidate are plain to see....
...I don’t know if it was my hair being bigger or a big beard that I had, but there was some sort of algorithmic error,” Samii said. “That happened three times.”...
...“I can’t afford breakfast or after-school clubs, which are £5 a session and sometimes we can’t afford the WiFi....
...And, you know, the pension fund may decide to vote or may decide against. But there’s now this ability to rally people to a cause and exert that type of leverage over management....
...“If you’ve got an asset that is profitable and doesn’t require much more investment, it doesn’t make sense to repower it.”...
...In turn, these were paid out of the pockets of fund manager’s clients — pensions funds and the like....
...There’s a lot of money involved there for high-rate pension tax relief, and I wouldn’t be at all surprised if they go down that route, but they won’t talk about it before the election....
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