Hints and tips:
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...Announcing the shake-up, Hunt said: “British pension funds appear to contribute less to the UK economy than international counterparts do as they invest less in our domestic businesses....
...Many of the biggest funds in Australia have nearly half of their portfolio — including listed equities and private assets — in international areas....
...But because of its size the fund has a higher allocation to so-called productive finance assets than most “closed” corporate DB schemes, where the rules have encouraged the trustees to invest in low-risk...
...Any switch to compulsory investment in the UK should set klaxons blaring for pensions lawyers and trustees....
...“The biggest issue is around the pension fund,” said one person....
...Many are international fund managers, with the claims being organised by law firms Quinn Emanuel and Pallas....
...Since 2021, trustees of the UK’s biggest pension schemes have been required to identify, assess, manage and disclose climate-related risks and opportunities....
...(Simon Mundy) Smart reads The Taskforce on Social Factors, set up by the UK government to look at social risks and impacts that pension fund trustees should consider, published its final report yesterday...
...may not provide the returns their pension fund holders expect or need”....
...Hunt is not proposing to mandate pension fund trustees on where they should invest their money....
...To put this in an international context, UK pension assets account for 120 per cent of UK GDP, far more than Germany (8 per cent), France (12 per cent), or Japan (31 per cent), although less than the US...
...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...
...In the mid-1990s, the average UK DB pension fund had 75 per cent of its money in equities and just over 70 per cent of that in the UK — at a time when the UK was around 10 per cent of the global stock market...
...One year the levy imposed by the UK’s Pension Protection Fund, which rescues pension funds when their sponsors become insolvent, rose by enough to wipe out the company’s profits....
...Part of the logic of leveraged LDI is to build up the return-seeking part of pension fund portfolios from which the trustees can pay discretionary pension increases to address problems such as inflationary...
...Weingarten: There are times as an AFT trustee, when you’re sitting on the board of a pension fund and you see $4bn in front of you and you have to make an investment decision. Wow....
...UK defined-benefit pension funds were the first to suffer because of bad decisions....
...Many in the City are blaming pension funds for the state of UK the market, calling on the Government to start forcing pension funds to pump hundreds of billions into UK listed shares, instead of overseas...
...The fresh claim ratchets up pressure on the group, which has already been sued by more than a dozen global investors, including sovereign wealth funds Mubadala and the International Petroleum Investment...
...Five days later, the Bank of England stepped in to prevent chaotic drops in gilts prices from stinging pension funds and threatening financial stability....
...The Chamber of Corporate Trustees, a body representing private pension funds in Ghana, rejected the latest deal last week....
...The decision to review the fiduciary duties of pension fund trustees in relation to climate and energy transition risks is significant....
...That’s in part because figuring out direct individual exposures to gilt-mageddon will have to wait for the next round of annual reports, unless problems are big enough to force pension fund trustees into...
...“The bond market is the most important market in the world,” says Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater. “It is the backbone of all other markets.”...
International Edition