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...Senior industry professionals say they are worried about the growing involvement of overseas reinsurance firms operating outside UK regulation in corporate pension deals....
...did its first transaction last year with a corporate pension plan that was not in the protection fund....
...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....
...If you wait for the perfect moment, when pension fund values are high and annuity rates are peaking, it may never happen....
...The leader of the UK’s biggest private sector pension scheme has urged the government to refrain from excessive intervention in how retirement funds are managed....
...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....
...And at retirement a single large pot will attract better annuity rates and access to a wider range of post-retirement options....
...lower the cost of pension promises....
...Employers’ access to billions of pounds of surpluses in UK company pension funds would be eased under proposals set out by the government on Friday....
...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....
...Trustees need to be telling advisers what to do, rather than the other way around. Rory Murphy Chair of Trustees Merchant Navy Officers Pension Fund West Sussex, UK...
...The industry and some economists worry that the continued flow of money into buy and hold funds could harm financial markets....
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...In a statement on Tuesday, the $494bn pension fund said Stephen Gilmore, the former chief investment officer of the NZ$73bn (US$43.5bn) New Zealand Superannuation Fund, would become its new CIO in July,...
...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...
...Now, an invigorating show at NYU’s Institute for the Study of the Ancient World, entitled Through the Lens, makes the case for Al Ani as the peerless photographer of Iraq’s antiquities, not just as emblems...
...It was Dunn who persuaded her board at BGI to launch in a full suite of ETFs. Thus, in 2000, the iShares ETF brand was born....
...Proving the adaptability of the new V-neck mood, Instagram star Fai Khadra looked sharp in a V-neck polo-shirt hybrid at the recent Lacoste presentation in Paris, and Mark Ronson cut a figure both rakish...
...Before then, they mostly had to buy annuities. Bond-heavy annuity funds hedged that liability as retirement approached....
...Trustees of UK pension schemes would be prevented from taking “overly risky” decisions after government plans to ease employers’ access to billions of pounds in pension fund surpluses, ministers said....
...Photo City: How Images Shape the Urban World at the V&A Dundee is a terrific exploration of the exchanges between the ways cities have been photographed and of how those images have shaped the subsequent...
...Investors have got on board. The MSCI’s global benchmark for defence stocks is up about 15 per cent over the past 12 months....
...There is an irony here, given tech companies’ image as shiny, clean replacements for old smokestack industries — and the pledges of Microsoft and others to be good climate citizens....
...There are always a lot of different interests to manage at the top of a pension plan, but the psychodrama between the board, plan members, the investment staff, the media, and local, regional and national...
...The sole purpose of the council is to serve residents — 1,000 of them — and we answer to their interests. There aren’t any real politics....
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