Hints and tips:
...Pension trustees have also said they are worried about the potential threat from such arrangements....
...A spokesperson for the BP pension trustees said they had a duty to “continually review and assess all investment options to manage the security of the fund and members’ benefits”, adding that “such options...
...HSBC is among a group of eligible financial institutions, which include Manulife and Invesco, that offer pension funds under the MPF retirement savings system....
...In some cases, when anti-ESG and boycott laws passed, public pension fund trustees balked at being forced to move money, saying it would violate their fiduciary duty to put investors first....
...Armitt is a former chair of the National Express Group and held senior roles with the Berkeley Group as well as the Board of Transport for London....
...Asheville-based Pine Gate Renewables today said it had raised that sum from Generate Capital, the Healthcare of Ontario Pension Plan and Australian pension fund Hesta....
...For Mick McAteer, co-director of the Financial Inclusion Centre and a former board member of the Financial Conduct Authority, this is a problem....
...UK pension fund trustees must consider increasing the range of their investments, including in start-ups or other illiquid assets, or face “robust” intervention, the British regulator has warned....
...lunch in Palm Beach....
...(Simon Mundy) Smart reads The Taskforce on Social Factors, set up by the UK government to look at social risks and impacts that pension fund trustees should consider, published its final report yesterday...
...That makes a buyout a more realistic option for hundreds of pension funds....
...London Paul Ross Chairman, Optifuel, Chair CEA and former Director Advanced EngineeringSectir Advisory Board Susan Walton Director, Frost Consulting Mike Weston Chair of Trustees, Institute of Cancer...
...The $771bn Federal Retirement Thrift Investment Board said it would change the benchmark index followed by its international fund....
...Today, the interests of the 10.1mn members of private sector DB schemes are overseen by about 5,200 boards of trustees, their advisers and their managers....
...Data visualisation by Keith Fray Letters in response to this article: Pension fund assets could be made to work for benefit of all / From Rory Murphy, Chair of Trustees, Merchant Navy Officers Pension...
...This isn’t solved by more ‘professional’ trustees: we need trustees asking the stupid questions. Third, despite some claims, pension schemes don’t have to be leveraged....
...The rise of professional trustees at UK pension schemes is also thought to provide some ballast to the dominance of consultant advice....
...Weingarten: There are times as an AFT trustee, when you’re sitting on the board of a pension fund and you see $4bn in front of you and you have to make an investment decision. Wow....
...The pension trustees should get £20mn from Wilko’s property assets, although it is unclear what the pension deficit is....
...The group also has also asked the trustees of its pension to defer the next £18.8mn of deficit repair contributions. De La Rue was already under huge pressure before Wednesday’s statement....
...It’s free up this money that’s trapped in pension funds that some of those pension fund managers effectively might want to put to work elsewhere but currently can’t. Yes, they have to do that safely....
...Marc FilippinoSo why don’t UK pension funds have that same flexibility? Harriet Agnew I think that risk aversion from British pension funds plays a huge part....
...Harrison said he expected pension funds to move from pure play LDI to fiduciary management — which involves the delegation of some investment decisions by trustees to advisers, alongside providing investment...
...of the Financial Stability Board, a global committee of regulators and central bankers....
...Pension trustees have a legal responsibility to deliver the best returns for pension holders — it’s their money after all....
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