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...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...trustee board” and communicate with members over the decision....
...The chancellor is also expected to outline further details on reforming defined benefit pensions and unlocking funds from local authority pension schemes. The BVCA declined to comment....
...By the end of 2022, red states had announced plans to pull more than $3bn out of BlackRock funds....
...In his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...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....
...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...
...There are always a lot of different interests to manage at the top of a pension plan, but the psychodrama between the board, plan members, the investment staff, the media, and local, regional and national...
...Calpers, the US’s biggest public pension plan, is to increase its holdings in private markets by more than $30bn and reduce its allocation to stock markets and bonds in an effort to improve returns....
...Pension plans for local authority staff in England and Wales will be asked to double their allocations to riskier assets under measures announced in the Autumn Statement aimed at unlocking tens of billions...
...John Graham, president and chief executive of the Canada Pension Plan Investment Board, which has C$576bn (£337bn) in assets, told the Financial Times he was opposed to “any constraint on portfolio construction...
...Any switch to compulsory investment in the UK should set klaxons blaring for pensions lawyers and trustees....
...However, his sponsorship of the new wing led to the resignation of some of the museum’s trustees, including mathematician and broadcaster Hannah Fry....
...At the end of 2022 there were around 27,000 UK DC pension plans, with 85 per cent reporting fewer than 12 members. UK pension plans’ investment remains heavily focused on listed equities and bonds....
...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...
...“They’re two local businesses with over 270 years of history and heritage coming together for the good of the region and the city.”...
...Institutional investors that sided with the activist proposals include Norway’s sovereign wealth fund, the Canada Pension Plan Investment Board, California Public Employees’ Retirement System and the California...
...Nausicaa Delfas, newly appointed chief executive of The Pensions Regulator, added that it was important for trustees of defined contribution plans to have the expertise to assess more complex assets — and...
...and China,” said the head of private equity investments at a public pension plan that owns ByteDance stakes....
...The PPF added that to unleash cash for investment it would be “essential” to change the pension system, and in particular to “sever the link” between the sponsoring employer and its retirement plan, which...
...Glass Lewis, another advisory firm, endorsed Iger and the current board. Blackwells Capital, the second activist, has put up its own slate of three directors for the board....
...Klarna has long been viewed as a prime candidate for a public offering, and has backing from big investors including SoftBank, Silver Lake, Permira, Canada Pension Plan Investment Board and Mubadala Investment...
...Last week, the board of the 78-year old gallery announced that it was closing for good....
...The rise of defined contribution pension plans combined with the growing strain on the social security government retirement programme had left the US particularly unprepared for a huge increase in the retiree...
...“The indicative valuation results show a major improvement in the [USS] funding position,” said Dame Kate Barker, chair of the USS board of trustees....
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