Hints and tips:
Related Special Reports
...The trustees of the schemes did not respond to requests for comment. UKAR has gradually been selling the assets of B&B and Northern Rock to the private sector....
...The VC agreement built on the so-called “Mansion House’‘ compact of July this year where nine of the UK’s largest pension funds committed to invest at least 5 per cent of their default funds in unlisted...
...The UK government’s top infrastructure adviser has hit out at a drive to push pension schemes to invest more in Britain, saying there is “no reason” funds should have a home bias....
...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...
...A recent analysis by The Pensions Regulator estimated that more than 3,750 of the UK’s 5,000 private-sector DB schemes were in the black, with an aggregate surplus of more than £225bn....
...The aggregate surplus of the UK’s 5,100 pension schemes was about £428bn at the end of December, according to analysis by the UK’s Pension Protection Fund....
...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....
...The hunt to find more assets to meet margin requirements comes after updated regulatory guidance to defined-benefit pension schemes using LDI outlined a minimum “market stress” buffer to withstand a 2.5...
...Pension trustees should expect more questions about the voting decisions of their chosen fund managers....
...In short, it was a classic case of a sound idea poorly executed. At present the system consists of five investment options, known as funds A, B, C, D and E....
...These owners, which also include pension funds Omers of Canada and Britain’s USS universities scheme, are in a stand-off with regulator Ofwat over the amount of shareholder equity needed to support the water...
...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 committed them to allocating 5 per cent of the assets in their default funds to unlisted equities by 2030....
...The company also reached a deal with its pension trustees that should reduce pension payment commitments by about £40mn from 2028....
...Ross Goobey managed the remarkable feat of persuading the fund’s trustees to let him invest in equities and dump the fund’s gilts....
...Meanwhile, the majority of bondholders, owed about £13bn, would take a lighter “haircut” of 5-10 per cent....
...“Lots of trustees have been thinking about whether to give discretionary increases,” said David Brooks, head of policy at Broadstone, a pensions administration and consulting firm....
...The pension fund trustees might require a hefty top-up payment to compensate. The arcane world of pension valuations could be set to move into the spotlight....
...The Pension Protection Fund’s Purple Book — the UK’s almanack of private sector defined benefit pensions — dropped on Wednesday....
...A saver in the largest UK pension funds can expect annual fees of about 0.4 to 0.5 per cent....
...In his Mansion House speech in July, the chancellor announced a voluntary pledge by nine of the UK’s largest pension providers to commit 5 per cent of their so-called default funds for defined contribution...
..., and maybe members too The government could extend a guarantee, but that would probably anger a) commercial insurers; b) commercial superfunds; c) folks who reckon that there is a better use of government...
...The net internal rate of return, a performance benchmark, of the $2.2bn Warburg Pincus China fund, which began operation in 2016, plummeted to 7.9 per cent in September last year from 25.5 per cent two years...
...He added: “Stability in such projects is a key way of attracting pension fund investment in the UK.”...
...Investment grade corporate bonds at a yield of 5.5 per cent at the index level are appealing to investors as an alternative to cash — especially if the Federal Reserve will cut interest rates this year....
International Edition