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...The pension fund looking after the retirement savings of Britain’s MPs and ministers has given the cold shoulder to UK companies, in spite of efforts by chancellor Jeremy Hunt to funnel more cash into domestic...
...There will be pressure for longer-term cost savings and challenges to integrate a business that is itself a product of consolidation....
...In some cases, when anti-ESG and boycott laws passed, public pension fund trustees balked at being forced to move money, saying it would violate their fiduciary duty to put investors first....
...HSBC is among a group of eligible financial institutions, which include Manulife and Invesco, that offer pension funds under the MPF retirement savings system....
...But she told the Financial Times she would have “cause for concern” if ministers were to go a step further and direct trustees as to where funds should be allocated....
...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....
...She brings a show of eight works by the self-taught Thai painter Channatip Chanvipava, now studying at London’s Royal College of Art....
...Trustees of large pension funds in the UK are already required to set a climate-related investment target, and must also consider the potential impact of climate change on a scheme’s assets and liabilities...
...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...
...“Bridging the spending and savings gap that exists today [is] the next frontier for 401k design.”...
...“It is shocking that pension savers have been left in limbo for so long, facing huge stress and in fear of losing a significant chunk of their retirement savings,” said Jenny Ross, editor of Which?...
...the Chicago Expo)....
...Where assets are significant and expenditure could easily be met in your children’s early adulthood, you also have the option of opening a pension for your children and saving into this....
...The bulk of assets in UK DC plans — around 75 per cent — are invested in mainstream listed equities, according to the Pensions and Lifetime Savings Association, an industry body for the workplace pension...
...“Most of us Salvadorans have benefited in terms of security,” said William Menjívar, a 41-year-old painter-decorator in the north of the country....
...In the majority of cases, they are useful and practical and, when opened with a trusted partner or family member, can bring many saving and spending benefits....
...The various schemes typically lent some of the funds to other investors and put the rest into risky, illiquid assets....
...The chancellor’s comments come as he and the City of London step up efforts to encourage pension funds to plough tens of billions of pounds of cash into areas that could drive economic growth....
...Any switch to compulsory investment in the UK should set klaxons blaring for pensions lawyers and trustees....
...“The challenge of the last decade was how to get people saving. And now the challenge for us is how do we make sure that they get the right value from their savings.”...
...Rothschild was named chair of the trustees of the National Gallery in 1985....
...provide a very effective private sector solution,” said the Pensions and Lifetime Savings Association, the trade body which represents workplace pension funds....
...There would be risks: can Boeing, which still has significant debt, fund such a development; and what does it do about the Max aircraft on order by airlines whose deliveries extend well into the 2030s?...
...The spending of excess savings will largely be over and fiscal policy moves into restrictions of around 1 per cent of GDP....
...In stepping away from their traditional myopia, and perhaps embracing a more innovative approach, might pension funds be in a position both to boost their members’ retirement savings, and at the same time...
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