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...did its first transaction last year with a corporate pension plan that was not in the protection fund....
...Industry-level aggregate data from the Pension Protection Fund shows that UK defined benefit pension plans invested 10 per cent of their equity allocations into domestic listed companies in 2022, down from...
...Led by pension funds and endowments, big investors sold 99 per cent of their private equity holdings at or below their net asset value on the secondary market last year, according to Jefferies, the most...
...To be confident their pension money will last through retirement, a saver has conventionally been told to limit withdrawals to 3-4 per cent of the value of the fund each year....
...The announcement comes after nearly 100 Canadian executives signed an open letter in March urging pension funds to raise their domestic investments....
...Gilmore came to Calpers with a stellar record as the New Zealand Super Fund under his leadership reported annualised returns of more than 10 per cent over the past decade....
...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 Local Government Pension Scheme has more than 6mn members. If it were a single fund, it would rank among the top 10 biggest in the world, with more than £365bn of assets....
...The PPF bought part of a property fund at a 35 per cent discount to net assets from a fellow pension fund this year....
...Furthermore, the Department for Work and Pensions will extend the Pension Protection Fund’s mandate to become a public sector consolidator of schemes that are too small for cost-efficient buyouts....
...The government said it would consider taking further action against pension funds that did not raise their allocations to the UK....
...Chancellor Jeremy Hunt has not ruled out further action to stimulate more investment by pension funds in the UK....
...At the same event, the Pensions and Lifetime Savings Association, which represents the UK’s £1tn pensions sector, said the government should not tell pension funds how to invest....
...The Department for Work and Pensions estimates that there are now around 20mn deferred pension pots worth under £10,000, and 12mn of these are worth less than £1,000....
...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...
...— has quite the job ahead of him, which he obliquely nodded to in the pension plan’s statement: “I’m grateful to CalPERS’ leaders for the trust they’ve put in me to help shape the pension fund’s next chapter...
...The damage was particularly acute in LDI pooled funds, which are managed for mainly smaller pension funds....
...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...
...The finance ministry forecasts the size of the fund to reach €200bn by the mid-2030s and returns on investments will enable distributions of €10bn a year to the statutory pension fund from 2036....
...The extent of losses to pension funds in 2022, which equated to a near quarter drop in asset value over the year, was disclosed in a long-awaited report by the Pensions Regulator this week....
...fund to borrow as much as $30bn, or 10 per cent of its portfolio....
...Pension funds are piling into UK corporate bonds, encouraging some French and German companies to issue sterling debt for the first time....
...Proposals set out in a consultation document would have the government introduce a measure that would allow pension funds to override any scheme rules preventing or inhibiting access to surplus....
...The firm axed about 10 per cent of its traders last month as part of a semi-annual performance review, the person added....
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