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...did its first transaction last year with a corporate pension plan that was not in the protection fund....
...Additional reporting by Antoine Gara in New York...
...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...
...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...
...Making flexible withdrawals from your pension pot — or drawdown — remains the most popular retirement income option, according to new data from the Financial Conduct Authority....
...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....
...In England and Wales, however, the LGPS is divided into 86 individual funds. This is a problem....
...The PPF bought part of a property fund at a 35 per cent discount to net assets from a fellow pension fund this year....
...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,...
...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...
...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...
...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....
...In his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...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....
...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...
...These owners, which also include pension funds Omers of Canada and Britain’s USS universities scheme, are in a stand-off with regulator Ofwat over the amount of shareholder equity needed to support the water...
...(NZ Super Fund), a sovereign wealth fund owned by the New Zealand government and valued at more than $73 billion (NZD)....
...a wave of selling by some pension fund strategies forced a Bank of England intervention....
...The bill says that without the new investment fund, contributions would have risen to 22.7 per cent by 2045....
...The damage was particularly acute in LDI pooled funds, which are managed for mainly smaller pension funds....
...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....
...But use of leverage can backfire, as it did during the 2022 gilt markets crisis, when forced selling by UK pension funds led to an emergency intervention by the Bank of England....
...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...
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