Hints and tips:
...She added: “This is where the disquiet comes in for trustees — and their advisers too.”...
...Apex Corporate Trustees, the trustee for the ETP, whose duties include overseeing the fund’s activities and protecting the rights of the investors, said it was “unable to comment on client matters”....
...When pressed on the issue, asset managers in the US now emphasise that they are service providers....
...One legal expert who works for a Capita pension client told the FT: “Trustees and managers are struggling to get data specific to their scheme’s situation....
...and legal advice, and the appointment of trustees for the scheme’s governance....
...BlackRock is one of three big participants in the LDI market, along with Insight Investment and Legal and General Investment Management (LGIM)....
...For the moment, pension fund trustees in the UK are still not sure if they can prioritise the positive climate impacts of an investment at the expense of creating returns for beneficiaries, according to...
...Fund analysis....
...In our survey of FT Moral Money readers, 52 per cent saw loss of consumer trust as the biggest risk arising from irresponsible use of AI, while 43 per cent cited legal challenges....
...You will not be able to direct the use of the funds once the gift has been made to your son unless you use a trust....
...locked out of trading on their LDI funds during the height of the crisis....
...A legal compulsion to invest would probably be in conflict with trust law and trustees’ duties, according to experts....
...Banking facilities can also come as part of a broader package of services, depending on the value of the trust and how this is to be invested....
...Many executives are tired of the balance sheet volatility, the ongoing risk and potential demands for top-up payments from scheme trustees....
...is shifted to insurers such as Legal & General and Phoenix Group....
...Q311 With Andrew Bailey, the Bank Governor, adding: [W]hat started as a means of managing asset liability positions became a means of actually increasing the return to the fund . . . that is the leverage...
...But regulatory concerns that consultants pushed complex products on trustees — many of whom are not financial experts — and the difficulty of assessing the quality of the advice trustees receive remain unresolved...
...But the legal wrangling is affecting American fund managers, as well....
...Mark’s pension contributions, of around £44,000, were refunded to Claire, while around £165,000 of the fund was returned to the employer....
...He also warned legal challenges by trustees might follow as a result of problems experienced by leveraged pooled LDI funds at the height of the crisis in the gilt market....
...Legal advisers to pension trustees said schemes that planned to send out annual benefit statements in coming weeks were braced for calls from worried members seeing falls in their funds....
...and there is no customer service....
...The tests are often provided by investment consultants, who act as gatekeepers to hundreds of billions of pounds of pension fund money, yet whose services remain unregulated in the UK....
...The BoE is responsible for the orderly running of the gilt market, while TPR oversees scheme trustees and the FCA regulates asset managers....
...This is because many of the legal documents between pension schemes and the companies that manage their LDI exposure state collateral must be in the form of cash....
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