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...These “buyouts” — of pension plans and the assets backing them — are regarded as the gold standard for safeguarding benefits....
...Mark Cliff, chair of trustees for the Debenhams Retirement Scheme, said: “We are confident that transferring members’ benefits to Clara provides the best available outcome for them.”...
...Insurers, meanwhile, defend the use of funded reinsurance as one of a number of risk management tools that provide security to their customers’ benefits....
...“There will be some schemes who like the idea that their members will be looked after by a mutual,” he said, aiming at the smaller pension fund end of the market....
...“We’re looking to bring together the expertise of material scientists, biologists, hardware experts and electrical engineers, among others to drive progress in new directions.”...
...“The duty of pension scheme trustees first and foremost is to maximise returns for members.”...
...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....
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...One of the triggers of the dispute was a 2020 valuation of USS at the height of a market crash, which recorded a deficit of £14bn and led to a cut to benefits, resulting in criticism of how the scheme was...
...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...
...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....
...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....
...as the hidden risks of asbestos and imploding mechanical and electrical infrastructure....
...“I am not sure that it is the role of the government to tell trustees where they place their money,” he said, when was asked whether he thought governments should compel pension funds to invest to help meet...
...The trustees in charge of Social Security, the government retirement programme, estimated last year that it would have to start cutting benefits in 2033, unless Congress raised the retirement age or levied...
...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...
...Pension funds can use this to get access to gilts to hedge against movements in the value of their liabilities....
...The National Portrait Gallery’s dreamy pairing of the photographers obscures what really connects their work across the 19th and 20th centuries, writes our chief art critic Jackie Wullschläger....
...He served as chair of trustees of the National Gallery between 1985 and 1991 and chair of the Heritage Lottery Fund from 1994 until 1998....
...EU funds will also pay for equipment such as radars and boats for the national guard, along with land border posts, the people said....
...the automatic increase in benefits linked to inflation....
...Absolute or bare trusts involve holding the money for the outright benefit of the children, with a fixed provision for when they will be able to receive the money....
...The trustees of the schemes did not respond to requests for comment. UKAR has gradually been selling the assets of B&B and Northern Rock to the private sector....
...James alleges top NRA officials siphoned off millions of dollars from the organisation for their own benefit....
...So Reactive started working on developing the technology with National Grid ESO, the UK’s electricity system operator....
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