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...public-sector pension funds....
...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....
...He added funded reinsurance was one of a number of risk management measures used by Phoenix “as part of a wider strategy to maintain a well-diversified, robust balance sheet for policyholder protection”....
...Explanations range from some pools not being able to meet the investment needs of partner funds to a reluctance by local government pension committees to relinquish control....
...Lord Douglas-MillerMinister for Biosecurity, Animal Health and Welfare, Department for Environment, Food and Rural Affairs, London SW1, UK...
...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...
...If you don’t have any stipulations in place — some death benefits can be bought as “add-ons” to an annuity — your pension funds return to your provider upon your death....
...“Government needs to recognise this as an international, globally competitive market,” he told attendees at the Trades Union Congress pension conference in London this week....
...India, the world’s most populous country, also has some of its most generous welfare schemes — as people such as Shakkar Bai and her extended family of 16 can testify....
...New regulations to limit excessive leverage by pension funds in the wake of the autumn 2022 gilts crisis have also spurred demand for corporate bonds....
...UK pension fund values plunged by around £425bn in 2022 as bond market turmoil sparked by Liz Truss’s “mini” Budget led to forced asset selling by retirement schemes, according to a new regulatory analysis...
...Pension funds can use this to get access to gilts to hedge against movements in the value of their liabilities....
...Unlike traditional venture capitalists, the investment arm is internally funded, meaning it invests only partners’ money, rather than raising capital from external sources such as pension and endowment funds...
...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....
...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....
...Recent research by the Institute for Fiscal Studies (IFS) found that among households with someone aged 66–70, where no one is in paid work, the state pension made up 71 per cent of income for the poorest...
...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....
...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,...
...To be confident their pension money will last through retirement, a saver has conventionally been told to limit withdrawals to 3-4 per cent of the value of the fund each year....
...The chancellor left open the threat of tougher action against pension funds not providing greater support to the UK....
...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....
...Bulk annuity sales, as these deals are known, should pick up from around £28bn in 2022 to £80bn by 2027 say pension consultants LCP — good news, you’d think, for insurance companies that specialise in annuities...
...Announcing the shake-up, Hunt said: “British pension funds appear to contribute less to the UK economy than international counterparts do as they invest less in our domestic businesses....
...“As one of the victims of this scandal I can tell you that I have been driven to the edge of despair by the uncertainty.”...
...“The State Pension is the foundation of income in retirement and will remain so as we deliver a further 8.5 per cent rise in April which will increase the state pension for 12mn pensioners by £900,” it added...
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