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...did its first transaction last year with a corporate pension plan that was not in the protection fund....
...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...
...Members at Buck’s told the FT that Odey’s prospective membership had caused uproar among existing members worried about being linked to the hedge fund manager given the nature of the allegations against...
...The pensions industry has lobbied against any push by the government to dictate how they invest on behalf of their members....
...to pension scheme members and employers....
...One member said the vote would “rejuvenate membership”....
...The Pensions Regulator (TPR) and Financial Conduct Authority (FCA) would have “a full range of intervention powers” to deal with poorly performing pension funds, the Treasury said....
...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,...
...Pension trustees are concerned that the move could undermine their duty to invest in countries where they will secure the best returns for members....
...One member said the vote would “rejuvenate membership”. Read more here...
...“There’s no question that the primary purpose of [pensions] is to deliver in the members’ best financial interests,” Young said....
...Older defined contribution schemes could have had guaranteed annuity rates, so members might have aimed to use all of their fund to secure the greatest income....
...Canada’s federal government wants its largest pension funds to invest more in domestic companies, and is hiring the former governor of the central bank to entice them....
...The letter said domestic companies make up 4 per cent of Canadian pension funds’ assets, down from 28 per cent at the end of 2000....
...But at that stage every pension plan was an island, with no interconnections and no obvious mechanism for enabling the pension to follow the member. Ten years on that has all changed....
..., the Money and Pensions Service (MaPS)....
...The Garrick Club What it is: the Garrick is, as everyone knows now, an all-male members’ establishment....
...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 finance ministry forecasts the size of the fund to reach €200bn by the mid-2030s and returns on investments will enable distributions of €10bn a year to the statutory pension fund from 2036....
...The Local Government Pension Scheme has more than 6mn members. If it were a single fund, it would rank among the top 10 biggest in the world, with more than £365bn of assets....
...Pension funds are piling into UK corporate bonds, encouraging some French and German companies to issue sterling debt for the first time....
...The chancellor left open the threat of tougher action against pension funds not providing greater support to the UK....
...across cultures and geographies, as the pension fund’s chief investment officer....
...Chancellor Jeremy Hunt has not ruled out further action to stimulate more investment by pension funds in the UK....
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