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...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....
...According to the Pensions Policy Institute’s DC Asset Allocation Survey, master trust default strategies allocate 70 per cent to equities, for members 20 years away from retirement....
...martin.wolf@ft.com Follow Martin Wolf with myFT and on Twitter Letter in response to this article: Job of pension trustees is to stop such investments / From David Linnell, Retired Fellow, Institute of...
...Hymans has teamed up with Pensions For Purpose, Make My Money Matter, the Impact Investing Institute and the trustees of the Reach Pension Plan in a push to develop more climate-friendly options....
...of Northern Trust Asset Management, a $1.2tn fund house based in the Midwestern US city....
...“This is the first time that a pension fund has been taken to task in this way,” says Mr Barnden. “In the future, we may see trustees and asset owners go after individual pension fund managers.”...
...Regulators also required pension funds to act. Last year the UK directed pension fund trustees to consider ESG factors or give a reason why they had not. Some investors were already on board....
...Mr Cooper will retain a stake of 29 per cent. Workers will be represented on an employee council and on the board of trustees....
...Sam Zell, the Chicago-based real estate billionaire known for his sell-off of a $36bn office portfolio on the eve of the financial crisis, has been selling again: he has disposed of almost all the properties...
...The University of Chicago and MIT were at the centre of this nascent financial-academic revolution....
...the privileged club of equity owners — eroded the trust on which companies ultimately depend....
...And Ross Goobey, possibly the most transformational of the lot, was given complete freedom by Imperial Tobacco to transform its pension fund....
...“Ultimately, you have to place a high level of trust in a school’s leadership to steward your gift in the right way.”...
...Trustees often use bonds to simplify the administration of a trust, as they do not produce income that needs to be reported to HMRC....
...Mr Dyall, of Tilney, says many trustees are amateurs who are often unaware of their responsibilities. Most trusts created since April 2006 are subject to inheritance tax on every tenth anniversary....
...The Investment Adviser Association, representing more than 600 US asset managers, trusts, pension plans, endowments and financial advisers that together manage about $20tn, plans to launch a council dedicated...
...That means you can make a claim even if your name is not on the title deeds. These are dealt with via civil proceedings under the Trust of Land and Appointment of Trustees Act 1996....
...But the trustees of the M&S pension scheme played a key role in alarming Sir Phil about the scale of the pension fund deficit and their funding demands....
...Its pensions consulting business still conducts “beauty parades” of managers for pension trustees to choose from, even though Mr Ford describes this system as “a very weak process”, and says “we don’t think...
...David Blake, director of the Pensions Institute at London’s Cass Business School, warns that Mr Truell could “easily alienate the other local authority pension fund chairs” in his endeavours....
...Lesley Williams is to become the first woman to chair the National Association of Pension Funds, which represents more than 1,300 UK pension schemes holding £900bn in assets....
...Mr Videgaray is a former Massachusetts Institute of Technology scholar who declined to follow many free-market peers and predecessors in Latin American finance who studied in Chicago because he thought markets...
...However, Mr Florman’s more nuanced suggestion would involve pension scheme managers and trustees opting to make an allocation to a citizens’ fund of, say, 10 per cent of their assets....
...An art collector, he also chairs the board of trustees at the prestigious Art Institute of Chicago....
...In the case of defined benefit or “final-salary” pensions, however, it became apparent by the 1990s that most trustees had vested interests in the assets held in trust....
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