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...“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...
...A UK government push to persuade local authority pension funds to plough billions of pounds into levelling up projects may conflict with trustees’ duty to secure the best returns for pensioners, one of Britain...
...Trustees of the M&S pension plan declined to comment beyond the statement on the website. Meanwhile, Diageo said some of its 32,000 pension members had been affected by the incident....
...Over the weekend, The Pensions Regulator confirmed it had written to the hundreds of pension funds that employ Capita to help administer their payment systems, urging them to “determine whether there is...
...The supervision of contributions is the responsibility of pension providers and the trustees of every pension fund....
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...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...
...The decision of SoftBank to favour New York with the initial public offering of subsidiary Arm, a UK-based chip designer, also hurt local pride....
...Since 2021, trustees of the UK’s biggest pension schemes have been required to identify, assess, manage and disclose climate-related risks and opportunities....
...Additional reporting by Harriet Agnew and Emma Dunkley Letter in response to this article: Trustees can make the most of pension reforms / From Rory Murphy, Chair of Trustees, Merchant Navy Officers Pension...
...After years of searching, JDS secured $664mn in construction financing from Silverstein and Otera Capital, the real estate arm of Quebec’s pension fund, in April 2019....
...There is talk of consolidation of local authority pension plans, too, but this plan is also not very radical....
...The country’s largest pension fund, AustralianSuper, was Origin’s biggest investor and vehemently opposed the sale, describing the bid as a “low-ball offer”....
...Hunt is not proposing to mandate pension fund trustees on where they should invest their money....
...The Pensions Regulator wrote to more than 300 pension funds, which include a mix of private-sector defined benefit and defined contribution schemes, according to a person familiar with the matter....
...The immutable right of pension trustees to invest as they see best on behalf of their members runs through this debate....
...So I will introduce new requirements for DC and local government pension funds to disclose publicly their level of international and UK equity investments....
...“So having any kind of fixed allocation suggests putting another objective above the [pension] trustees’ focus, which is risk-adjusted returns.”...
...In the March Budget, the Treasury flagged further reorganisation of local government pension assets....
...Although legally one scheme, notes pension expert John Ralfe, it consists of about 100 regional funds which together hold £400-500bn in assets....
...The pension trustees should get £20mn from Wilko’s property assets, although it is unclear what the pension deficit is....
...gilt movements of up to 300-400 basis points....
...But more than 1,300 beds have gone in the first half of 2023, after a loss of 400 in 2022, with closures outstripping openings by two to one....
...The closest thing that the UK has to Canada’s public pension plans are the local government pension schemes, which are around 90 regional funds, and these are quite heavily invested in equities already and...
...In 2020, Border to Coast — a pool of several English local government pension funds — made a £40mn investment in a renewable energy plant in Lincolnshire....
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