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...Victoria Tillbrook, a UK pensions expert at consultancy PwC, said “more and more” trustees wanted to fully understand developments in what insurers were doing, what was being reinsured and the position of...
...“This is another landmark day for British pensions and I would like to offer a warm welcome to the 10,400 members of the Debenhams Scheme,” said Simon True, chief executive officer with Clara Pensions, which...
...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....
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...If you wait for the perfect moment, when pension fund values are high and annuity rates are peaking, it may never happen....
...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...
...Pension funds can use this to get access to gilts to hedge against movements in the value of their liabilities....
...Now more than 400 pension scheme members have brought a class action to the European Court of Justice....
...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....
...Halfon, MP for Harlow, said he would step down in the coming general election having previously served as deputy chair of the Conservative party under former prime minister David Cameron....
...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...
...Scholz has opposed Macron’s idea of issuing euro bonds to fund arms makers in Europe, as well as the French president’s recent suggestion that the west should not rule out sending ground troops to fight...
...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....
...The letter said domestic companies make up 4 per cent of Canadian pension funds’ assets, down from 28 per cent at the end of 2000....
...Stephen Poloz, who led the Bank of Canada from 2013 to 2020, has been given the task of convincing Canada’s pension funds, which manage more than C$4tn (US$2.9tn), to allocate more capital at home....
...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....
...The chancellor left open the threat of tougher action against pension funds not providing greater support to the UK....
...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....
...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...
...During a time of high competition for scarce funds, heading to market ahead of its rivals didn’t serve it well. june.yoon@ft.com...
...lower the cost of pension promises....
...So society should pay at least the cost of the off-the-job training. That is in the interest of employers as a whole and, of course, of young people. But how?...
...If central government could look beyond the end of theirs — ceding control to a set of local urban wealth funds — a high-income, housing-rich, net zero civic asset of huge potential could be unleashed....
...Before then, they mostly had to buy annuities. Bond-heavy annuity funds hedged that liability as retirement approached....
...The Asphalt Industry Alliance said: “Local authorities don’t have the funds to allow them to carry out the appropriate maintenance interventions.”...
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