Hints and tips:
...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...But in its determination to kickstart the market, the government proposed this month throwing the doors open to racier models, co-mingled funds, earlier profit extraction and more principles-based safeguards...
...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...
...“You’ll steal, you’ll get into your college loan, your retirement funds, whatever.” David, a 51-year-old recovering addict from New Jersey, credits Williamsville with saving his life....
...The debate dates back to the 1990s when policy and accounting changes vastly increased the cost and complexity of managing defined benefit pension schemes. Funds closed to new members....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Millennium Management, one of the world’s biggest hedge fund firms, has unveiled a shake-up of the organisation of its investment operations that will see co-chief investment officer Bobby Jain depart....
...In order to secure the Centrica mandate, as well as a partnership to manage funds on a new platform with insurance marketplace Lloyd’s of London, Schroders “worked with both of those organisations for a...
...Nicola Parish, an executive director at the Pensions Regulator, said the newly created list would become a vital tool for employers and pension fund trustees that were considering transferring into a superfund...
...B Lab’s report, which its CEO Andrew Kassoy discussed at our summit, argues that voluntary pledges to rethink corporate purpose will fail without changing the fiduciary obligations of fund trustees, money...
...Jeremy Grantham, co-founder of GMO, the US asset manager, estimates that $2tn a year in today’s money will be required by 2050 to decarbonise the global economy....
...“Most [advice] companies charge a risk premium on top of their fee because they are having to take out private indemnity insurance to conduct the work and that is expensive,” says Andy James, head of retirement...
...And Dignity, the funeral homes operator, has buried the divi in advance of the CMA attempting to unpick its cartel with the Co-Op....
...Experts report heavy outflows from bank and insurance staff pension schemes, including Barclays, Aviva and the Tata Steel retirement fund....
...Along with his day job he also hosts a fortnightly eponymous programme on Bloomberg Television and is chairman of the board of trustees at the Kennedy Center in Washington and co-chairman of the Brookings...
...But the self-employed also have a big tax advantage, averaging £1,240 a person a year, because of much lower rates of national insurance contributions....
...Ms Lucas said: “The attitude of the pension fund trustees is extremely short-sighted....
...Yet pension fund trustees or professional fund managers, who tend to take a narrowly financial view of corporate performance, still retain the control rights in most quoted companies....
...For instance, UK pension funds can invest in whatever asset trustees deem to be appropriate....
...Pension trustees reading this column may wish to look away now....
...At least 1,000 of Britain’s 6,000 defined benefit schemes will fail to honour promises to staff. The insurance cost of plugging the gap between scheme assets and obligations tops £1trn....
...Finally, the increase in outsourcing of asset management by insurance companies has been a fruitful source of business for the company....
...The service promises a four-day response, and I was promptly directed to the trustees of what sounded like the right scheme....
...So I am going to increase the standard rate of Insurance Premium Tax by just half a percentage point — and commit all the extra money we raise to flood defence spending....
...While here in London we’ll help the British Museum, the Science Museum, and the V&A move their collections out of storage and on display....
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