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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....
...“The duty of pension scheme trustees first and foremost is to maximise returns for members.”...
...Pension trustees have also said they are worried about the potential threat from such arrangements....
...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....
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...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....
...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....
...“I am not sure that it is the role of the government to tell trustees where they place their money,” he said, when was asked whether he thought governments should compel pension funds to invest to help meet...
...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...
...facing pension funds It was not the most festive of Christmas cards....
...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,...
...Trustees have also warned that industry moves to make the financial system more resilient could yet lead to unintended consequences....
...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...
...These are risks that every private pension scheme and sovereign wealth fund faces today. But for these risks, such funds have been rewarded over long-term horizons....
..., the industry body....
...He put it into the Portman Pension Scheme, one of a group of vehicles known as the “Ark funds”....
...Ross Goobey managed the remarkable feat of persuading the fund’s trustees to let him invest in equities and dump the fund’s gilts....
...The Pension Protection Fund’s Purple Book — the UK’s almanack of private sector defined benefit pensions — dropped on Wednesday....
...“What [pension funds] need to do is develop links with the VC industry to give them the confidence to be able to make those investments that are in the interests of their pension holders,” he said....
...Fund analysis....
...He added that this was because the funding deficit was “much less volatile than it used to be, as the pension trustees have hedged most of the fund assets to match future payout obligations, and also much...
...These must have exclusively charitable purposes for the benefit of the public, and the trustees of the charity must act in the best interests of the foundation, not the commercial company....
...Investment in the UK as a percentage of GDP is chronically low, and a national wealth fund is badly needed....
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