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...“They will be subject to different and potentially less stringent regulatory oversight.” She added: “This is where the disquiet comes in for trustees — and their advisers too.”...
...The Pensions Regulator was consulted as part of the deal....
...The Bank of England plans to stress test insurers on their exposure to reinsurers through a flurry of corporate pension deals, according to people familiar with the matter, as concerns mount about the risk...
...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...
...The revelation in the scheme’s annual report to the year ended March 2022 was described as “awkward” by one leading pensions industry figure and highlights the reluctance of funds to invest in UK equities...
...In a governance reshuffle intended to signal independence and to reflect its growth, SBTi incorporated as a limited company last year and added independent trustees to its board....
...“Trustees need to exercise their fiduciary duties and these are heavy responsibilities that are placed on them....
...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....
...Trustees of large pension funds in the UK are already required to set a climate-related investment target, and must also consider the potential impact of climate change on a scheme’s assets and liabilities...
...Some of the UK’s biggest pension plans are taking advantage of steep price discounts to snap up real estate and other private assets, as fellow retirement funds put their harder-to-sell holdings on to the...
...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....
...Many have come under deep strain from unexpected moves in market prices, from the March bond market meltdown at the onset of the coronavirus pandemic in 2020, to the UK’s pension fund crisis in 2022, when...
...Pension funds can use this to get access to gilts to hedge against movements in the value of their liabilities....
...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 fund told the FT it didn’t “make decisions” with SBTi and had no involvement in the board’s statement this week....
...BlackRock’s LifePath Paycheck, which rolls out in April, also combines target date funds with annuities, but the guaranteed payments can start sooner, allowing participants to keep the rest of their pension...
...The corporation, the more powerful governance body, exercises fiduciary responsibility and oversees “long-range strategy, policy, and planning as well as transactional matters of unusual consequence”....
...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....
...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...
...Where assets are significant and expenditure could easily be met in your children’s early adulthood, you also have the option of opening a pension for your children and saving into this....
...This declaration tends to elicit chuckles from pension scheme trustees, and the PPF submitted in their response to the call for evidence around the question of a public sector consolidator reckoned that...
...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....
...Alumni pressure helped trigger a shake-up leading to the resignation of Scott Bok as chair of the board of trustees, and the departure of Liz Magill as president after she struggled at a congressional hearing...
...A letter to participants from Dalriada Trustees, which now manages the funds, has warned them they could be taxed on everything transferred from their original pension funds to Ark — or in some cases even...
...As pro-Palestinian protests roiled its campus and forced a switch to remote learning, Columbia University’s board of trustees this week expressed confidence in its president, Minouche Shafik....
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