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...“Exxon has gone well beyond any other company that we’re aware of in terms of suing shareholders for trying to bring forward a proposal....
...We want to see fewer, larger, well run pension schemes and are pleased to see the market innovate and consolidate in savers’ interests.”...
...The Association of British Insurers welcomed the PRA’s acknowledgment of the importance of reinsurance to well-functioning insurance markets, and said the sector gave “vital protection and peace of mind”...
...The FCA’s mandate includes protecting consumers, and promoting well functioning markets. “Where we set standards we do so with end consumers’ needs in mind....
...“It’s well-regulated, well-funded, well-functioning and showing no evidence of market failure,” she said. “Any expansion would also risk introducing moral hazard into DB scheme decision-making.”...
...“It is well-known that investing in private equity and start-ups presents a higher cost than listed companies due to the additional research and due diligence required,” said Nigel Peaple, PLSA’s director...
...While HSBC is a big name, I think that the consulting world, who drive a lot of where the business goes in master trusts, might have preferred a well established name in the pensions market.”...
...Sir Steve Webb, a partner at LCP, added that the certificate was “well worth” exploring for savers who had taken less than the maximum tax-free cash from a previous pension and have further pensions still...
...It is the Oxford professor of ancient history Josephine Quinn’s contention that we continue to remain ideologically hidebound by such misplaced historicism....
...Labour, which supported the proposal last year and is well ahead in the polls, has yet to set out whether it will implement the reforms. It did not immediately respond to a request for comment....
...Josephine Quinn is a professor of ancient history at the University of Oxford....
...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 well...
...Its allocation to the sector was 4.4 per cent as of January, well below the long-term target of 10 per cent....
...Armitt is a former chair of the National Express Group and held senior roles with the Berkeley Group as well as the Board of Transport for London....
...But he cautioned: “We do not believe many trustees would be reassured if the only safeguard for members before money could be taken out was that the scheme was currently well funded.”...
...The government believes that well-funded pension plans could potentially generate more surplus, for use by employers and to benefit members, by investing in return-seeking assets that also help the UK economy...
...The government believes more private capital in so-called productive finance areas could deliver better returns for the economy, as well as retirement savers....
...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....
...Willis’s Beard said some well-funded schemes with big employer backers such as financial firms were thinking “actually this is a very material amount of money and we probably could do something interesting...
...Some private equity managers have taken steps to ensure that employees at companies they own can share in the profits, if the firm performs well....
...Global regulators have recently stepped up scrutiny of the practice as well as broader systemic risks posed by nonbank financial institutions....
...“Believe in yourself, keep pushing and do well in your job,” he advises. “If I can do it, everybody can.”...
...“Well-designed performance fees are excluded from the scope of the pension fee charge cap and we are ensuring pension funds have the right vehicles available.”...
...They are also among the country’s least well-endowed institutions that are struggling with financial deficits....
...One senses underneath Tristram Hunt’s characteristically well-rounded review of Josephine Quinn’s “How the World Made the West: A 4,000-Year History” (Books, Life & Arts, March 2) lurks a doubt about her...
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