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...She added: “This is where the disquiet comes in for trustees — and their advisers too.”...
...But thousands of former Debenhams employees subsequently suffered cuts to their expected retirement benefits under the Pension Protection Fund’s reduced compensation terms....
...Local councils have typically returned between 20 per cent and 25 per cent of Right to Buy revenues to central government, depending on their individual agreements....
...Hunt wants to announce the transparency measure in his March 6 Budget as part of his drive to encourage pension funds to invest more of their cash into the British economy....
...As a consequence, the average pension received from that fund has been halved. Now more than 400 pension scheme members have brought a class action to the European Court of Justice....
...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 his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...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...
...Germany and France have reached a “breakthrough” on plans for a joint tank, in what they described as a sign of mending Franco-German ties which have been strained by differences over European defence policy...
...Rising rates have driven more annuity hunters to change provider in search of the best deals, rather than buying from their current pension provider....
...Pension funds can use this to get access to gilts to hedge against movements in the value of their liabilities....
...Trustees of UK pension schemes would be prevented from taking “overly risky” decisions after government plans to ease employers’ access to billions of pounds in pension fund surpluses, ministers said....
...Trustees need to be telling advisers what to do, rather than the other way around. Rory Murphy Chair of Trustees Merchant Navy Officers Pension Fund West Sussex, UK...
...The chancellor left open the threat of tougher action against pension funds not providing greater support to the UK....
...“Trustees need to exercise their fiduciary duties and these are heavy responsibilities that are placed on them....
...And, in Mexico, where Heineken has seven breweries, the company collaborated with the Monterrey Metropolitan Water Fund, an NGO, to reforest 1,400 hectares of the national park that is the source of much...
...the costs of their pension obligations....
...lower the cost of pension promises....
...In the past, you could argue this “one size fits most” strategy was more suitable because, first, the bond market behaved largely as expected and, second, most people traded in their pension pot for an annuity...
...He made the comments as he confirmed plans to introduce a new requirement on pension funds to disclose their allocations to the UK, and to ban poorly performing funds from taking on new business....
...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....
...And big institutional investors, such as pension funds, still want to put their cash piles to work. Indeed, there remains plenty of interest in market-beating trades....
...Before then, they mostly had to buy annuities. Bond-heavy annuity funds hedged that liability as retirement approached....
...JSW, a family-owned conglomerate, and other Indian partners will own 51 per cent of the joint venture, which will be called JSW MG Motor India....
...They are down by more than a third since 2012, with significant funds destined for apprenticeships handed back to the Treasury unspent....
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