Hints and tips:
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...In the March Budget, the Treasury flagged further reorganisation of local government pension assets....
...Many in the City are blaming pension funds for the state of UK the market, calling on the Government to start forcing pension funds to pump hundreds of billions into UK listed shares, instead of overseas...
...The closest thing that the UK has to Canada’s public pension plans are the local government pension schemes, which are around 90 regional funds, and these are quite heavily invested in equities already and...
...The Chamber of Corporate Trustees, a body representing private pension funds in Ghana, rejected the latest deal last week....
...no chances....
...“This is emerging as we speak,” says Kirsty Jenkinson, head of sustainable investment and stewardship strategies at Calstrs, the Californian teachers’ pension fund....
...We have an example of this practice in the UK in the pensions industry, where employee trustees are elected to boards....
...KRS’s investment committee and board of trustees believe the plan will have to switch all holdings to cash in order to pay benefits if its assets drop to $1.4bn. It currently has $1.9bn....
...Yet none of the pension consultants, advisers, councillors or trustees consulted by FTfm believes any of the UK’s remaining local government pension schemes will voluntarily agree to merge or join the Lancashire...
...There is also no clear answer on how quickly he expects the 39,000 local pension schemes to begin pooling their resources....
...Last week the investment board of Canada’s public pension plan paid $12bn to acquire the buyout lending arm of General Electric, Antares....
...management HK$57.9bn (March 31 2015) Employees 14 Headquarters Hong Kong Members 29,989 (March 31 2015) Ownership Board of Trustees of the HAPFS...
...Councillor Kieran Quinn is chairman of the Greater Manchester Pension Fund and the Local Authority Pension Fund Forum...
...independent adviser to the Cumbria local government pension fund....
...That’s why if the individual dies after the age of 75, the beneficiary will be able to take the funds subject to their marginal rate of income tax, or at 45 per cent if the funds are taken as a lump-sum...
...The suit, filed at the Tennessee Middle District Court by the Laborers’ Local 265 Pension Fund of Cincinnati and the Plumbers and Pipefitters Local 572 Pension Fund of Nashville, claims the slice of securities...
...Chilly in shorts The trustees of the splendidly-named Plumbers and Pipefitters Local 572 Pension Fund of Nashville, Tennessee are mad as hell....
...The latest report from actuaries Lane Clark & Peacock suggests that not only do many pension fund trustees pay wildly different prices for similar services, they may frequently pay more for less too....
...The other side of the coin is that members of pension schemes will be able to challenge trustees who fail to comply with the new code and suffer underperformance as a result....
...Boards and directors are a pivotal, if overlooked part of the way hedge funds work....
...As a Treasury minister in the last government, he encouraged pension fund trustees to ask their fund managers to disclose their record on challenging inappropriate remuneration practices at big banks not...
...Kravis has donated extensively, both in cash and in pictures, to the Museum of Modern Art in New York, where Marie-Josée, Kravis’s third wife and an economist, serves as president of its board of trustees...
...Second, is the appointment six years ago of a regulator who can force companies to plug deficits. But local authority funds are not subject to the regulator, nor do they have trustees....
...He said it was also no surprise that it took the arrival of the Canadian funds to wake local funds up to the company’s true value....
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