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...She added: “This is where the disquiet comes in for trustees — and their advisers too.”...
...The scheme, known as the Energy Transition Accelerator, was supported by Andrew Steer, president of the Bezos Earth Fund, a key financial backer of SBTi, as well as by the Rockefeller Foundation....
...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.”...
...The company said Lavine, a large donor to the Democratic party and the former chair of Columbia University’s board of trustees, “believes the time is right to take on a new role” and step back from day-to-day...
...UPS in July reached a pay deal with the Teamsters, which represents 340,000 of its employees, that resulted in a 12.1 per cent increase in union wage rates....
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...“I am not sure that it is the role of the government to tell trustees where they place their money,” said Armitt....
...But she told the Financial Times she would have “cause for concern” if ministers were to go a step further and direct trustees as to where funds should be allocated....
...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...
...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....
...the union’s limited funds for compensating striking workers....
...Trustees of UK pension schemes would be prevented from taking “overly risky” decisions after government plans to ease employers’ access to billions of pounds in pension fund surpluses, ministers said....
...For the moment, pension fund trustees in the UK are still not sure if they can prioritise the positive climate impacts of an investment at the expense of creating returns for beneficiaries, according to...
...“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...
...Absolutely,” he told reporters after meeting last month with the International Brotherhood of Teamsters, one of the largest US labour unions....
...Trustees need to be telling advisers what to do, rather than the other way around. Rory Murphy Chair of Trustees Merchant Navy Officers Pension Fund West Sussex, UK...
...the show and more....
...A claim filed in a court in Los Angeles on Tuesday said the use of a “special expenses” fund of $950,000 after tax was an agreed part of his contract....
...Also today, we reveal the new head of the Global Energy Alliance for People and Planet, another initiative that counts the Bezos Earth Fund as a main backer....
...The policy on offsets was made by the board without the consultation of SBTi’s technical and advisory groups, members of those groups said in a letter sent to trustees on Friday....
...The move to broaden out the types of collateral that liability-driven investment (LDI) funds can use to backstop their trades comes as the market explores ways to prevent a repeat of the near-implosion of...
...Pension trustees should expect more questions about the voting decisions of their chosen fund managers....
...In a community hall in northern Illinois last month, two presidents addressed a crowd of workers. One was Joe Biden, leader of the US. The other was Shawn Fain, head of the United Auto Workers....
...by hedge fund managers, oligarchs and sovereign wealth funds....
...However, his sponsorship of the new wing led to the resignation of some of the museum’s trustees, including mathematician and broadcaster Hannah Fry....
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