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Trustees are worried about growing involvement of overseas reinsurance firms in corporate pension deals
New ‘exploratory scenario’ comes as concerns mount about risk posed by offshore arrangement to UK savers
Chancellor’s move is part of range of measures aimed at channelling retirement fund investment to boost economic growth
UK regulators urge outsourcer’s customers, including insurers and pension funds, to examine data loss
Outsourcer tells trustees its investigation could be finalised by end of next week
Proposals come after recent period of rising interest left majority of defined benefit plans in the black
...Phil Smith, head of Emea LDI research at BlackRock, said: “This is about broadening out the pool of assets that can be used as collateral, increasing that resilience and trying to avoid losses from having...
...Phil Smith, head of Emea LDI research at BlackRock, the world’s largest asset manager, said demand should remain robust, with sterling-denominated corporate bonds tending to make up “the majority” of these...
Higher interest rates continue to fuel surge in dealmaking, according to new forecast
...Additional reporting by Ian Smith...
The end of the central bank’s monetary tightening campaign is in sight — and so are rate cuts
Federal Reserve chair faces communication challenge as investors think cooling economy means tightening is over
Investors brush off central bank chair’s warning that ‘progress must continue’ in inflation fight
With prices plunging and yields at decade highs, these are the parts of the financial system that could come under strain
US central bank ‘will not hesitate’ to raise interest rates again if necessary, says chair
Chair Jay Powell says US central bank will proceed ‘carefully’ with any change to monetary policy
ECB, Fed and BOE overlooked potential for global price spikes after end of pandemic and Russian assault on Ukraine
...Charles Smith, chair of Shoe Zone, the Aim-listed high street retailer, which has 1,500 employees, called for changes to the rules that limit the flexibility the PPF has to vary the levy every year....
Jay Powell points to elevated geopolitical tensions posing ‘important risks’ to the global economy
...H/t to SE Cynic for noticing....
...Baker Tilly secured a $1bn investment led by H&F in February....
Soaring interest rates have facilitated a big rise in ‘bulk annuity’ transactions, but the impact of transferring tens of billions of pounds of assets to a handful of insurers could be profound
...Left hand, little finger: Hermès silver H Ex Libris signet ring, £1,100....
Fed chair says US central bank intends to ‘hold policy at a restrictive level’ until price pressures abate
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