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...The Association of British Insurers welcomed the PRA’s acknowledgment of the importance of reinsurance to well-functioning insurance markets, and said the sector gave “vital protection and peace of mind”...
...did its first transaction last year with a corporate pension plan that was not in the protection fund....
...But Stephen Hall, legal director of Better Markets, which lobbies for investor protection, said: “Using projections is one of the easiest ways to mislead people....
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...It is well-established that professionals owe their clients a duty of care. This is usually evidenced by the written retainer or engagement letter between the professional and the client....
...If I could buy one building in DC it would be the Library of Congress; I would close it to the public and install a pool table and whisky bar in place of the research desks....
...“There is a lot of cover for the [protection and indemnity] element to address,” said Neal, citing the $3bn of liability reinsurance that the ship has access to through the International Group of P&I Clubs...
...“You give up a lot of returns that you could have accrued for your clients,” said Elisabeth Kashner, director of global fund analytics at FactSet....
...“Data has kept showing that [non-competes] are harmful to workers and firms,” said Evan Starr, a professor at the University of Maryland who studies the labour market....
...Furthermore, the Department for Work and Pensions will extend the Pension Protection Fund’s mandate to become a public sector consolidator of schemes that are too small for cost-efficient buyouts....
...The aggregate surplus of the UK’s 5,100 pension schemes was about £428bn at the end of December, according to analysis by the UK’s Pension Protection Fund....
...shares of the proposed ETF, clients would need to have a brokerage account upon the date of the mutual fund’s potential conversion, Pimco said in the filing....
...It launched in October 2023, but its managers have experience in this area — the multi-asset fund they also manage, the Capital Gearing Portfolio Fund, aims to protect clients’ capital and has big exposure...
...Client Earth also wrote to the trustees of the Electricity Supply Pension Scheme, which has assets of about £34bn and did not respond to requests for comment about the letter....
...are full of financially-savvy employees (and banks and bond funds have hordes of them)....
...in client withdrawals over the past five years, and the price of bitcoin touched $50,000 for the first time since 2021....
...retail investors with exchanges or retail brokers to the convenience and regulatory protection of the new spot bitcoin ETFs,” Panigirtzoglou said....
...Among its checks is to look for the most popular long positions of fundamentals-driven funds, which it offers to clients as “a tool for investors seeking to follow ‘the smart money’”....
...Smart read The US Environmental Protection Agency is set to face a wave of legal challenges to its latest crackdown on pollution, Aime Williams reports from Washington....
...By 2021, it realised that it had wrongly classed £4.5bn of deposits for 242 clients as ineligible for FSCS protection and another £2bn of deposits for 120 customers were incorrectly excluded from its regulatory...
...Higher interest rates have raised the bar for deployment of this risky upfront capital....
...One house told the FT: “Obviously, it’s not available to UK [retail] investors currently. Should the regulation change and there is client demand, we would consider something for clients in the UK.”...
...in November 2022, with customers unable to withdraw their funds....
...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...
...“It functions like a fund, has strong investor protections, maintains full transparency of assets, and appoints an independent trustee who holds the legal right to those assets and represents investor interests...
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