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...“As the largest public pension fund in the country, we have a responsibility to lead on issues that threaten to undermine shareowners.”...
...Public pension funds in North America allocated an average of 11 per cent of their assets to private equity last year, up from 8 per cent three years ago, according to Preqin, a financial data provider....
...The Treasury said it was working “constructively with relevant partners, including the FCA, on pension fund policy”....
...Which is why this presentation — by the former head of Norway’s sovereign wealth fund and current chair of the board of Dutch pension fund APG — caught FT Alphaville’s eye....
...“Dashboards have the potential to empower pension savers, but they’ve been badly let down by a project that has, so far, overpromised and underdelivered,” said Rachel Vahey, head of public policy at AJ Bell...
...The California Public Employees’ Retirement System has named a former top executive at the New Zealand sovereign wealth fund to direct the largest US public pension plan’s investments following the abrupt...
...across cultures and geographies, as the pension fund’s chief investment officer....
...The PPF bought part of a property fund at a 35 per cent discount to net assets from a fellow pension fund this year....
...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....
...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 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....
...It is easy to see why the government might see this as an easy way to rival the likes of Canada’s big public sector pension funds....
...of pressure on public finances....
...As a first step, the government will raise €12bn in debt this year and transfer it to the new fund, which will be managed by an independent public foundation....
...Coming into effect on April 6 2024, the move was welcomed by pension holders with larger funds, but experts said a corresponding decision to cap the amount that can be taken tax free from a retirement fund...
...Contribution rates to pensions will also need to be changed. Today they are generally too low....
...The government said it would consider taking further action against pension funds that did not raise their allocations to the UK....
...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....
...Chancellor Jeremy Hunt has not ruled out further action to stimulate more investment by pension funds in the UK....
...So-called defined benefit pension funds are already subject to disclosure requirements on their asset allocation....
...The Sacramento-based pension fund on Tuesday said it picked Stephen Gilmore, a former chief investment officer of the New Zealand Superannuation Fund, as the new CIO of the largest US public pension fund...
...So today we are publishing proposals for a solution to this problem which would be simple and popular with the public....
...The giant California public pension plan has now said it will not release its 2023 carbon emission data until 2025....
...“The Fire movement tends to advocate fairly extreme saving strategies which won’t be realistic or desirable for lots of people,” says Tom Selby, director of public policy at investment platform AJ Bell....
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