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...He added: “There are conversations happening right now” on how the pension fund votes....
...It has faced difficulties raising a new fund since Shan criticised Beijing in 2022....
...But as higher interest rates improved pension scheme funding levels, prompting a record £50bn of corporate pension deals last year, some UK life insurers have passed on portions of these pension scheme assets...
...The Financial Conduct Authority has refused to commit to writing new rules wanted by the chancellor that would force pension funds to disclose how much they invest in the UK, people familiar with the matter...
...But in the Budget last month he introduced a new IHT relief which extends the type of land that can be passed down with no tax implications from next April....
...In a statement on Tuesday, the $494bn pension fund said Stephen Gilmore, the former chief investment officer of the NZ$73bn (US$43.5bn) New Zealand Superannuation Fund, would become its new CIO in July,...
...Labour market data on Friday showed US employers added far fewer jobs than expected in April, fuelling optimism about rate relief....
...In his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...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....
...The announcement comes after nearly 100 Canadian executives signed an open letter in March urging pension funds to raise their domestic investments....
...The government first proposed plans for pension dashboards in 2016, arguing the new online tool could benefit millions of savers who find it hard to keep track of multiple pension pots built up over a working...
...The City of London Corporation, which has collaborated with the government to channel long-term capital from pension funds into UK companies, said the chancellor’s new pension measures would “turn the dial...
...The bill says that without the new investment fund, contributions would have risen to 22.7 per cent by 2045....
...Coming into effect on April 6 2024, the move was welcomed by pension holders with larger funds, but experts said a corresponding decision to cap the amount that can be taken tax free from a retirement fund...
...The PPF bought part of a property fund at a 35 per cent discount to net assets from a fellow pension fund this year....
...New regulations to limit excessive leverage by pension funds in the wake of the autumn 2022 gilts crisis have also spurred demand for corporate bonds....
...In a move that will increase pressure over funds with significant allocations offshore, the chancellor confirmed he would introduce a new requirement on defined contribution pension funds, and local authority...
...Wall Street’s benchmark S&P 500 gained 0.2 per cent shortly after the New York opening bell. Real estate, basic materials and consumer non-cyclicals were among the best performing stocks....
...He made the comments as he confirmed plans to introduce a new requirement on pension funds to disclose their allocations to the UK, and to ban poorly performing funds from taking on new business....
...Pension funds are piling into UK corporate bonds, encouraging some French and German companies to issue sterling debt for the first time....
...In 1995 new legislation set out a timetable to increase women’s pension age gradually from 60 to 65 between 2010 and 2020 to make them equal....
...UK pension fund values plunged by around £425bn in 2022 as bond market turmoil sparked by Liz Truss’s “mini” Budget led to forced asset selling by retirement schemes, according to a new regulatory analysis...
...This is not a new idea. George Osborne in 2015 said funds should be pooled into six “British wealth funds”. The results are mixed. There are now eight pools that vary in size....
...Jeremy Hunt said the relief was supposed to support investment in the private rented sector but that there was “no strong evidence” that it did so, and that the relief was “regularly abused”....
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