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...The precipitating moment came in May 2021 when start-up hedge fund Engine No 1 won three board seats at ExxonMobil by arguing that the energy giant needed to do more to diversify away from oil and gas....
...Just $830mn of domestic institutional and banking capital in Africa is invested in climate solutions and clean energy, a fraction of the $1.4tn assets managed by local institutions including pension funds...
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...But unlike many workers around the world, St Anne feels confident about her financial future, being a member of one of the world’s best-performing pension funds....
...For personal retirement savers, the chancellor also confirmed plans to consult on sweeping changes to the pension market, to give workers the right to choose their own workplace pension fund....
...Meanwhile, the pension deficit grew from £18mn in 2006 to £380mn in 2017. Thames Water’s debt also increased steeply from £3.4bn in 2007 to £10.8bn at the point of sale....
...Led by pension funds and endowments, big investors sold 99 per cent of their private equity holdings at or below their net asset value on the secondary market last year, according to Jefferies, the most...
...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....
...The potential inheritance tax benefits of pensions mean Isas are often drawn on first, with pensions held in reserve....
...Sir John Armitt, chair of the National Infrastructure Commission, has hit out at a drive to push pension schemes to invest more in Britain, saying there is “no reason” funds should have a home bias....
...Related: Bond fund giant Pimco told the FT it was holding a smaller than usual position in US Treasuries and preferred the bonds of countries such as the UK and Canada. 2....
...(Marlborough’s trustees disagreed with his representation of events.) Last week, the board of the 78-year old gallery announced that it was closing for good....
...(Simon Mundy) Smart reads The Taskforce on Social Factors, set up by the UK government to look at social risks and impacts that pension fund trustees should consider, published its final report yesterday...
...Weingarten: There are times as an AFT trustee, when you’re sitting on the board of a pension fund and you see $4bn in front of you and you have to make an investment decision. Wow....
...The Big Read Once an investment backwater, infrastructure has become a favoured area for pension funds seeking yields and protection against market volatility....
...Local government pension schemes are funded through contributions from local authority workers and employers, with pension savers and taxpayers sharing the risk if investment returns are not as expected....
...Katahiro Yasukochi, chair of the Japanese Association of Metal, Machinery and Manufacturing Workers, which consists of about 390,000 workers mostly employed by small and medium-sized enterprises, says companies...
...There is talk of consolidation of local authority pension plans, too, but this plan is also not very radical....
...the pension fund of a state-controlled bank that is among Vale’s top investors....
...Since 2017, the Tata Trusts foundation has worked with national and local governments to fund the construction of a network of screening clinics and has built seven specialist cancer hospitals....
...The UK is only 10 years into the auto-enrolment of most workers into pension savings. The idea that there is an overnight-success version of Australia’s model is for the kookaburras....
...This month local media site El CEO published a list of 2,500 mostly no-bid contracts that it said companies linked to Slim had won during López Obrador’s term worth some 61bn pesos ($3.6bn)....
...In the March Budget, the Treasury flagged further reorganisation of local government pension assets....
...Hastings, one of the 55 areas picked for investment, has already been promised £24mn from the government’s first £3.6bn towns fund announced in 2021, but continues to battle a growing list of social and...
...Last month, it revealed it was preparing to enter the country’s A$3.5tn superannuation pensions market, following the footsteps of Vanguard, which made its debut at the end of last year....
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