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...Kunal Sood, managing director of defined benefit solutions and reinsurance at Phoenix’s Standard Life business, said the industry had “strict due diligence processes and regulation in place to ensure decisions...
...Mark Cliff, chair of trustees for the Debenhams Retirement Scheme, said: “We are confident that transferring members’ benefits to Clara provides the best available outcome for them.”...
...Insurers, meanwhile, defend the use of funded reinsurance as one of a number of risk management tools that provide security to their customers’ benefits....
...In a report published on Monday, the National Council for Voluntary Organisations said 90 per cent of charities that provide public services — ranging from mental health hubs to social care — had been forced...
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...Armitt is a former chair of the National Express Group and held senior roles with the Berkeley Group as well as the Board of Transport for London....
...One of the triggers of the dispute was a 2020 valuation of USS at the height of a market crash, which recorded a deficit of £14bn and led to a cut to benefits, resulting in criticism of how the scheme was...
...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....
...“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....
...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...
...Hong Kong-based activist fund Oasis Management has bought a 9.6 per cent stake in the company, which has a market value of $1.2bn....
...The UK government will launch a “national endeavour” to reinforce the country’s nuclear deterrent, including a promise to invest more than £760mn with industry over the next six years into critical skills...
...Bloomsbury Football Foundation has appointed the former Manchester United executive vice-chair to its board of trustees....
...The National Health Service had seen and treated record numbers of cancer patients over the past two years, and one-year survival rates had improved from 65.6 per cent in 2005 to 74.6 per cent in 2020, it...
...Genetic information would be disseminated through a mechanism known as the Pathogen Access and Benefit-Sharing System (Pabs). But the proposal has run into opposition from the pharmaceutical industry....
...World Health Organization member states started the last round of talks on the accord on Monday....
...The writer chairs the board of trustees at National Numeracy, a UK charity We know the UK has a productivity problem. The gender pay gap is also well documented....
...year worth of benefits, a group of leading academics and scientists has estimated....
...But many of the businesses in the FT’s latest ranking of the Asia-Pacific region’s fastest growing companies are those that continue to reap the benefits of consumer shifts since the start of the pandemic...
...The trustees in charge of Social Security, the government retirement programme, estimated last year that it would have to start cutting benefits in 2033, unless Congress raised the retirement age or levied...
...“Safeguarding the future of our nuclear deterrent and nuclear energy industry is a critical national endeavour,” Sunak will say on a visit to Barrow on Monday....
...It has failed to protect the many rights that retail investors have lost, to the benefit of the investing institutions....
...The ONS said air fryers were a “popular new product” that consumers were increasingly buying on account of their energy-saving features and health benefits compared with conventional fryers....
...Trustees have also warned that industry moves to make the financial system more resilient could yet lead to unintended consequences....
...But, amid a debate over the health of public markets, its success also demonstrates the benefits of its distinctive corporate structure....
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