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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...
...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...
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...The parent company’s owners include NatWest’s pension fund, a Canadian pension fund and an Australian infrastructure investor....
...Production at Pragmatic’s first 300mm wafer fabrication facility in Durham is scheduled to begin before the end of 2023 and the latest investment will fund the deployment of two new lines....
...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”....
...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....
...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....
...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....
...The move to shift clearing away from London had been resisted by banks, asset managers, pension funds and brokers across Europe, who argued that it would raise their costs....
...The UK has already imposed higher liquidity standards on liability-driven investment vehicles used by pension funds....
...Bristol-based Hargreaves Lansdown grew into the UK’s largest DIY investment platform and so-called funds supermarket, with 1.8mn clients who use it for everything from stock trading to pension planning and...
...As we highlight in today’s interview with Oleksandr Kamyshin, Ukraine’s minister for strategic industries, Kyiv is urging western allies to fund its domestic weapons production....
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