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Related Special Reports
...pay the pension benefits but without the underlying assets....
...But thousands of former Debenhams employees subsequently suffered cuts to their expected retirement benefits under the Pension Protection Fund’s reduced compensation terms....
...of the industry....
...A lack of digital skills and ineffective governance have fuelled delays in the development of pension dashboards, according to a new report from the national spending watchdog....
...in the industry....
...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....
...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,...
...Another big investment plan in the works? All these shortcomings suggest it would be wise not to make extravagant claims about the recovery fund’s success....
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...“The central purpose of DB pension schemes — to pay the benefits promised to members — should not be undermined,” said Hetty Hughes at the Association of British Insurers, the industry trade body....
...As Jake Sullivan, the president’s national security adviser, said last week: “It’s really the price of a gallon of gas for the American consumer . . . that is going to be his ultimate metric for whether...
...Tremblant declined to disclose its exact former fee structure, but 2 and 20 fees are not generally applied to long-only funds and a fund industry executive with knowledge of the Tremblant fund before the...
...As a signal of the required change in approach, it recommended that TPR’s objective to safeguard the Pension Protection Fund, the industry lifeboat, be replaced with a new objective to protect future, as...
...“The private healthcare system is very small and limited in scope,” said Sally Warren, director of policy at The King’s Fund, a health and social care charity....
...The UK’s £1.4tn “defined benefit” pensions industry has been switching to corporate debt for its higher yields and to prepare the schemes for potential sales to insurers, analysts said....
...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....
...Jupiter also lost veteran UK equity fund manager Richard Buxton last August when he retired from the industry....
...At a meeting held last month, the firm proposed to its board of trustees for Pimco Funds that it consider converting its $141mn Mortgage-Backed Securities Fund from a mutual fund into an ETF, the filing...
...This benefit persists for at least a decade, and it is spread evenly across the age distribution although, in absolute terms, the elderly are most at risk of death and so enjoyed the largest benefit....
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...It remains to be seen whether politicians believe firmly enough in the benefits of such measures to pay the cost. Ignore the rhetoric: the nanny state war has yet to be won....
...Following the Financial Times story about Calpers and Exxon, the pension fund came under pressure from the California state treasurer, who is also a board member of the fund, to vote against Woods’ re-election...
...Quantitative investing has become one of the hottest parts of the hedge fund industry for investors, with funds such as DE Shaw, AQR, Two Sigma and others following in Renaissance’s footsteps....
...The Department for Work and Pensions estimates that there are now around 20mn deferred pension pots worth under £10,000, and 12mn of these are worth less than £1,000....
...the industry....
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