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...“There’s ‘no money’, I know, but of course they [central government] take it away from us in local government,” he added....
...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....
...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....
...“The terror channel Al Jazeera will no longer broadcast from Israel.”...
...But there are no guarantees. If you wait for the perfect moment, when pension fund values are high and annuity rates are peaking, it may never happen....
...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....
...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....
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...No regulated advice or guidance (which is free from the government-backed Pension Wise service) was sought for 37 per cent of income drawdown plans taken out in the 2022-23 tax year....
...Pension funds can use this to get access to gilts to hedge against movements in the value of their liabilities....
...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...
...It also recognised recent attempts by the department to evaluate the programme’s success but said it was “concerned it has no long-term plans to measure the impacts” of the funds....
...BlackRock’s LifePath Paycheck, which rolls out in April, also combines target date funds with annuities, but the guaranteed payments can start sooner, allowing participants to keep the rest of their pension...
...An ally of Harper said Labour had no plan to improve transport, adding: “The government has set out our plan to invest the biggest ever increase in funding for local road improvements that we’re getting...
...The chancellor left open the threat of tougher action against pension funds not providing greater support to the UK....
...At the mid-level, a cashmere style in a muted shade from Sheep Inc, John Smedley or — my favourite — Begg x Co will quickly become a staple of your wardrobe....
...The report urged the BBC to “refresh” its strategy after finding it was behind schedule with parts of it and had offered no plans to get back on track....
...Urban wealth funds would manage those assets on a pooled but local basis....
...And at retirement a single large pot will attract better annuity rates and access to a wider range of post-retirement options....
...lower the cost of pension promises....
...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....
...Today that takes an average of 10 years. It is no surprise that those who contribute the bulk of pension savings in the US — the trade unions — are fully behind this New York State bill....
...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...
...Chancellor Jeremy Hunt has not ruled out further action to stimulate more investment by pension funds in the UK....
...The generous prize funds for the variant are also an incentive. The Weissenhaus event offers $70,000 for the winner, and total prize money of $200,000....
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