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...The chancellor is also expected to outline further details on reforming defined benefit pensions and unlocking funds from local authority pension schemes. The BVCA declined to comment....
...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....
...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...
...Funds such as the Pension Protection Fund, the UK’s £32bn-in-assets retirement scheme lifeboat, and Border to Coast Pensions Partnership, a £60bn local authority pool, are among those looking for bargains...
...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 $13.3bn in withdrawals includes last week’s announcement by the Texas Permanent School Fund that it would pull $8.5bn at the end of April, the largest removal to date by Republican-run pension funds....
...Pension funds have already this month been told that they will have to publicly disclose how much they invest in UK businesses....
...Booth wrote to FT Money after appeals to his local MP and other policymakers to intervene over his pension woes prompted a “disappointing” response....
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...Four public pension plans with more than $4bn allocated to China-focused private equity funds told the Financial Times they were ready to delay redemptions from investments nearing the end of 10-year lifespans...
...There appears to be no circumstances where local authority pension benefits are reduced....
...The policy reversal follows pushback from groups representing investment managers and pension funds who own freeholds and benefit from the reliable, long-term income that ground rents provide....
...The government confirmed it would revise guidance governing the £360bn Local Government Pension Scheme (LGPS), which is administered by 86 town hall pension funds, so more cash is directed towards UK start-ups...
...Huge pension funds in Canada and Australia have been held out as examples that UK schemes could follow to improve returns....
...They include proposals from the Tony Blair Institute for Global Change to consolidate the UK’s defined benefit and local government pension schemes into £300bn-£400bn megafunds managed by the Pension Protection...
...The pension fund announcement is of a similar ilk. UK pensions have lower allocations to domestic equities than pension funds in many other countries....
...This would range from private sector defined contribution (DC) and defined benefit schemes to local authority pensions....
...Hunt also set out proposals to double the allocation of local government pension schemes in private equity to 10 per cent, which he said could unlock a further £25bn by 2030....
...Christine Muller is 31 and lives in York, where she works as an occupational therapist at the local authority....
...Investment interest in Japan has risen significantly over the past 18 months as global funds have pivoted from China amid concerns around China’s faltering economy and stock market slump....
...Intermediate-to-longer maturity USTs should see about $150bn demand from a combination of private and public (state and local) pension plans . . ....
...Such funds should not be forced to invest in the UK. But they should be able to see — and seize — local opportunities far better than outsiders....
...But he added that it would not be right for pension funds to simply invest in home markets due to ministerial pressure....
...In a move aimed at stimulating economic growth, Hunt confirmed plans to introduce a new requirement on “defined contribution” and local authority pension funds to disclose their allocations to UK and international...
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