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...did its first transaction last year with a corporate pension plan that was not in the protection fund....
...These “buyouts” — of pension plans and the assets backing them — are regarded as the gold standard for safeguarding benefits....
...Jeremy Hunt, chancellor, is expected to announce a consultation on a widened role for the Pension Protection Fund (PPF), in his Autumn Statement next week....
...As a signal of the required change in approach, it recommended that TPR’s objective to safeguard the Pension Protection Fund, the industry lifeboat, be replaced with a new objective to protect future, as...
...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...
...Now, many funds prefer to buy corporate debt, which offers protection from interest rate moves without taking on leverage, as well as higher yields than government bonds....
...Most Gen Xers have 401k plan balances that are woefully inadequate to fund a long retirement....
...Under a horribly complex system, when the allowance fell, people could take out lifetime allowance protections that safeguarded their pension savings from penalty taxes....
...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....
...The aggregate surplus of the UK’s 5,100 pension schemes was about £428bn at the end of December, according to analysis by the UK’s Pension Protection Fund....
...The utility’s owners, which include the pension funds USS and Omers as well as the Abu Dhabi and Chinese sovereign wealth funds, have refused to inject fresh equity as they say Ofwat’s rules are too restrictive...
...Mark Swindell, chief executive of rosco Rock Rail, said the industry had brought billions of pounds of pension fund and other institutional investors’ money into the railway industry....
...Former pensions minister Baroness Ros Altmann said Sipp investors needed better protections....
...The pension funds and insurers the author mentions tend to be on the receiving, not the profiting, end of such free riding, so protections against free riding will benefit them too....
...To increase opportunities for these schemes to invest in productive finance while fully protecting member benefits, the government said it would consult this winter on how the Pension Protection Fund, the...
...Fund analysis....
...Plans under consideration at the British Business Bank envisage pension funds having access to the BBB’s own investments, offering a path for them to co-invest in high-growth companies under its guidance...
...The sharp fall in the deficit was in line with wider funding improvements for thousands of corporate defined benefit (DB) plans in the UK, which promise members a pension for life....
...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...
...’s funding position....
...At the end of 2022 there were around 27,000 UK DC pension plans, with 85 per cent reporting fewer than 12 members. UK pension plans’ investment remains heavily focused on listed equities and bonds....
...In a submission to the government published on Tuesday, the Pension Protection Fund said that if ministers wanted to unleash money held by pension funds into the economy there would need to be a “step change...
...More than two dozen buyout groups, including Apollo, TPG, Warburg Pincus and Advent International have committed to a plan called Ownership Works that aims to generate more than $20bn in wealth for workers...
...Gilmore starts at the largest US public pension plan in July, ending a seven-month vacancy in the top position at the $494bn pension fund....
...Previously on FTAV: the Pension Protection Fund reckons it would make a great public sector superfund, helping to solve Britain’s under-investment crisis even if its asset allocation plans may, counter-intuitively...
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