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...“I cannot tell you how many people we’ve heard of who’ve just had their bank accounts shut with no notice and no indication of what the issues are,” Helen Stephenson, Charity Commission chief executive,...
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...beneficiary of the trust....
...Most often these come from the “Bank of Mum and Dad”. The difficulty is that there is no legislation for the treatment of soft loans within a financial agreement....
...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....
...The company also reached a deal with its pension trustees that should reduce pension payment commitments by about £40mn from 2028....
...The former rugby lawyer shaking up the world of private credit Paul Weightman is no stranger to high-profile corporate scraps....
..., which it initially estimated at around £40mn, or 2-3 per cent of total assets....
...In the same year, the trust awarded grants of just $8.8mn....
...Edi Truell, the City financier who established the Pension Superfund, said the regulator’s “pernicious and anti-competitive” gateway test — which states that if trustees can reasonably expect to do an insurance...
...“Lots of trustees have been thinking about whether to give discretionary increases,” said David Brooks, head of policy at Broadstone, a pensions administration and consulting firm....
...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....
...Last month, the FT Big Read reported on the fastest rise in the share of children in absolute poverty in the UK for 30 years — with 3.3mn children now living in households where it is a struggle to meet...
...The decision of SoftBank to favour New York with the initial public offering of subsidiary Arm, a UK-based chip designer, also hurt local pride....
...The pension fund announcement is of a similar ilk. UK pensions have lower allocations to domestic equities than pension funds in many other countries....
...The potential inheritance tax benefits of pensions mean Isas are often drawn on first, with pensions held in reserve....
...HM Treasury is inherently cautious of course but my understanding is that discussions are still ongoing and no decision has been taken yet.”...
...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...
...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...
...Sir John Armitt, chair of the National Infrastructure Commission, has hit out at a drive to push pension schemes to invest more in Britain, saying there is “no reason” funds should have a home bias....
...After all, why let journalists you don’t trust tell you about politicians you don’t trust? Meta says news now accounts for under 3 per cent of what users see on its biggest platform, Facebook....
...Pietro Rocco, head of green finance at the Carbon Trust, told Moral Money that pension funds globally would “not have a material impact on decarbonisation” if they failed to include scope 3 emissions, which...
...Since 2021, trustees of the UK’s biggest pension schemes have been required to identify, assess, manage and disclose climate-related risks and opportunities....
...(No, of course there’s no broader use case for them yet.) Last year Marathon earned 7.7 per cent of its full-year net income from transaction fees, up from 1.3 per cent in 2022....
...Jon Weston — one of the school’s six trustees and managing director of West Midlands-based Rudell The Jewellers — says the UK is a significant market for the industry....
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