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...The Bank of England’s Prudential Regulation Authority, which oversees insurers, previously raised concerns about superfunds and regulatory arbitrage, and said they should only be used as a stepping stone...
...The UK Pensions Regulator said it was monitoring market developments and was working on a” number of initiatives” with the Bank of England and the PRA....
...The Bank of England plans to stress test insurers on their exposure to reinsurers through a flurry of corporate pension deals, according to people familiar with the matter, as concerns mount about the risk...
...It is not clear whether investors — which include sovereign wealth funds, private equity firms and pension funds — will play ball. Few equity injections have been made since privatisation....
...But Thames’ nine shareholders, which include the Canadian pension fund Omers, the UK’s university pension fund scheme USS and the Abu Dhabi and Chinese sovereign wealth funds, would face large losses, which...
...The parent company’s owners include NatWest’s pension fund, a Canadian pension fund and an Australian infrastructure investor....
...In England and Wales, however, the LGPS is divided into 86 individual funds. This is a problem....
...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...
...These are risks that every private pension scheme and sovereign wealth fund faces today. But for these risks, such funds have been rewarded over long-term horizons....
...“We are not paving new ground in the industry”....
...Job moves Calpers, the biggest pension fund in the US, has named Stephen Gilmore as its investment chief. He was previously the top executive at sovereign wealth fund New Zealand Superannuation Fund....
...The policy reversal follows pushback from groups representing investment managers and pension funds who own freeholds and benefit from the reliable, long-term income that ground rents provide....
...Thames Water has an £18.3bn debt pile, and its shareholders include Chinese and Abu Dhabi sovereign wealth funds, and Canadian and UK pension funds....
...Bank of England deputy governor Sarah Breeden has called for more research into non-bank lenders to stave off a “credit crunch” that could be triggered by a retreat of hedge funds, pension funds, insurers...
...Europe’s third-largest pension fund has sold €2.8bn of its holdings in oil groups including Shell, BP and TotalEnergies because they were not doing enough to produce credible plans for the clean energy transition...
...Pension funds had run down their equity holdings to near-zero. Quirky accounting standards and pressure from The Pensions Regulator had pushed them into liability-driven investment....
...industry lifeboat scheme, could take on a new role as a consolidator for corporate pension schemes unattractive to commercial providers....
...The active stockpicking funds that have been the industry’s bread and butter have suffered the biggest decline as a newer option, exchange traded funds, amassed more than $2tn in inflows in the US since...
...However, British pension funds have largely shunned UK-listed equities and small unquoted companies in favour of offshore markets and domestic gilts....
...As for their anxiety about UK pension funds’ shrunken equity holdings — it amounts to a denial of globalisation....
...a new £11mn water restoration fund....
...Andy Griffiths, executive director of the Investor Forum, an industry group for asset managers, insurers and pensions groups, told the Financial Times the move was designed to help repair the “fractious”...
...The hedge fund industry criticised the SEC immediately after the publication of the final rule on February 6, concerned they would be caught up in the new regulation....
...Add some new rules that limit pension funds’ ability to match assets with liabilities using leverage, the prospect of abundant gilt supply from both the Treasury and the BoE, and a lengthy bond bear market...
...The idea was to leave Abrdn less reliant on its £367bn investment business, which managed money for insurers and pension funds, among other clients....
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