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...Aviva and Phoenix Group did not provide figures when asked by the Financial Times....
...He added: “There are conversations happening right now” on how the pension fund votes....
...In July, Phoenix was one of nine of the UK’s largest pension providers that agreed to commit 5 per cent of their so-called default funds for DC pension savers to unlisted equities by 2030....
...Like GIC, Singapore’s Central Provident Fund also has abundant capital. While retail investors can use their CPF money to invest in selected stocks, that does not move the needle in terms of volumes....
...did its first transaction last year with a corporate pension plan that was not in the protection fund....
...This will go to innovative companies, with the aim of unlocking more than £1bn of total private capital.Pensions provider Phoenix Group will match the £250mn investment....
...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....
...Big share moves in Europe today include UK life insurance group Phoenix, Polish supermarket chain Dino and UK sportswear retailer JD Sports: Phoenix Group: Shares in the UK pensions and savings provider...
...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...
...Coming into effect on April 6 2024, the move was welcomed by pension holders with larger funds, but experts said a corresponding decision to cap the amount that can be taken tax free from a retirement fund...
...The chancellor left open the threat of tougher action against pension funds not providing greater support to the UK....
...To be confident their pension money will last through retirement, a saver has conventionally been told to limit withdrawals to 3-4 per cent of the value of the fund each year....
...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,...
...At the same event, the Pensions and Lifetime Savings Association, which represents the UK’s £1tn pensions sector, said the government should not tell pension funds how to invest....
...Chancellor Jeremy Hunt has not ruled out further action to stimulate more investment by pension funds in the UK....
...Pension funds are the answer to the UK’s economic stagnation — so say ministers, policy experts and just about everyone else....
...The leader of the UK’s biggest private sector pension scheme has urged the government to refrain from excessive intervention in how retirement funds are managed....
...across cultures and geographies, as the pension fund’s chief investment officer....
...Corporate updates: UK pub chain JD Wetherspoon releases half-year results after announcing in October its first annual profits since the pandemic. Pension group Phoenix will release annual results....
...Pension funds have been seeking to align with the UK’s ambition to fuel economic growth through pension fund finance dubbed the “Mansion House” reforms announced in July....
...The damage was particularly acute in LDI pooled funds, which are managed for mainly smaller pension funds....
...Second, the government should introduce incentives to encourage investors, whether pension funds or foundations, to invest for growth in a way that is aligned with their charitable mission or members’ interests...
...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....
...Pension funds are piling into UK corporate bonds, encouraging some French and German companies to issue sterling debt for the first time....
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