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...and legal advice, and the appointment of trustees for the scheme’s governance....
...The supervision of contributions is the responsibility of pension providers and the trustees of every pension fund....
...beneficiary of the trust....
...Trusts can be set up in a number of ways, including through outright gifting, but also on the back of a will....
...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....
...Yet in the fourth quarter of 1974, fearful insurance companies, pension funds, investment trusts and unit trusts together sold more shares than they bought for the first and last time during the decade....
...Thirty-six “master trusts”, the largest workplace DC pension schemes, held three-quarters of the DC pension sector’s £143bn total assets, or £105bn, as of June, according to The Pensions Regulator....
...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...
...The chief investment officer of the UK’s £30bn state-backed workplace pension fund, Nest, has warned against pension funds being forced to invest to support domestic growth....
...Since 2021, trustees of the UK’s biggest pension schemes have been required to identify, assess, manage and disclose climate-related risks and opportunities....
...That’s eye-watering, compared with the usual 0.5 per cent annual fee on a default fund, and more than most private equity investment trusts charge: 11 out of 17 trusts in the Association of Investment Companies...
...The immutable right of pension trustees to invest as they see best on behalf of their members runs through this debate....
...Capital and income from the trust is distributed at the discretion of the trustees (who may include the parents), so there is more control over the money....
...In its green finance strategy earlier this year, the UK government asked its pensions regulator to clarify pension scheme trustees’ fiduciary duties, and said it wanted to revise the regulatory framework...
...Plus, the money becomes theirs as soon as you die. A discretionary trust can give more control, because the trustees decide who the money is paid to and when....
...Data visualisation by Keith Fray Letters in response to this article: Pension fund assets could be made to work for benefit of all / From Rory Murphy, Chair of Trustees, Merchant Navy Officers Pension...
...In August, the Financial Times reported the case of Clare Chalmers who went into battle with the trustees of her late husband’s workplace pension plan at Citigroup, the banking group, over a £700,000 tax...
...It’s all the fault of UK pension plans apparently. This is unfair and is unhelpful. The responsibility of “defined benefit” is to ensure there is sufficient money to pay people’s pensions....
...Yet in practice, trustees are often constrained where trust deeds stipulate that discretionary increases must be agreed by the employer....
...October 6 2020 that hold assets valued at less than £100; will trusts that are wound up within two years of death; pension trusts; trusts imposed by statute such as on intestacy or bankruptcy; trusts of...
...The beneficiary will be listed as one of several possible beneficiaries and will only benefit at the trustees’ discretion, so the trust can protect the assets, and the timing and size of any payments made...
...Investment managers are betting that the special characteristics of the British investment trust — an investment vehicle structured as a publicly traded company that is rare elsewhere in the world — can...
...Under the changes, affected trustees will need to sign up their trust by the deadline or within 90 days of the trust’s creation....
...Joe Dabrowski of the Pensions and Lifetime Savings Association said the government “seemed determined to make the reforms”....
...In 2017 the chief investment officer of the Idaho pension system apparently dubbed the lack of volatility the “phoney happiness” of private markets....
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