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...Victoria Tillbrook, a UK pensions expert at consultancy PwC, said “more and more” trustees wanted to fully understand developments in what insurers were doing, what was being reinsured and the position of...
...The so-called pensions lifeboat takes over the assets and liabilities of failed companies’ pension schemes....
...“The duty of pension scheme trustees first and foremost is to maximise returns for members.”...
...Pension trustees have also said they are worried about the potential threat from such arrangements....
...The trustees of the schemes did not respond to requests for comment. UKAR has gradually been selling the assets of B&B and Northern Rock to the private sector....
...The government is concerned that pension funds, which have some of the nation’s largest pools of capital, are not putting enough money into home markets and depriving early-stage companies of seed finance...
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...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....
...Employers’ access to billions of pounds of surpluses in UK company pension funds would be eased under proposals set out by the government on Friday....
...“I am not sure that it is the role of the government to tell trustees where they place their money,” he said, when was asked whether he thought governments should compel pension funds to invest to help meet...
...Trustees of UK pension schemes would be prevented from taking “overly risky” decisions after government plans to ease employers’ access to billions of pounds in pension fund surpluses, ministers said....
...Pension funds can use this to get access to gilts to hedge against movements in the value of their liabilities....
...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...
...BlackRock’s LifePath Paycheck, which rolls out in April, also combines target date funds with annuities, but the guaranteed payments can start sooner, allowing participants to keep the rest of their pension...
...Pension trustees should expect more questions about the voting decisions of their chosen fund managers....
...He put it into the Portman Pension Scheme, one of a group of vehicles known as the “Ark funds”....
...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...
...More than half of BlackRock’s $10tn in assets under management are retirement savings, including institutional pension funds, corporate defined contribution plans known as 401(k)s and individual accounts...
...The Pension Protection Fund’s Purple Book — the UK’s almanack of private sector defined benefit pensions — dropped on Wednesday....
...The pension fund trustees might require a hefty top-up payment to compensate. The arcane world of pension valuations could be set to move into the spotlight....
...A saver in the largest UK pension funds can expect annual fees of about 0.4 to 0.5 per cent....
...Ross Goobey managed the remarkable feat of persuading the fund’s trustees to let him invest in equities and dump the fund’s gilts....
...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....
...He added that this was because the funding deficit was “much less volatile than it used to be, as the pension trustees have hedged most of the fund assets to match future payout obligations, and also much...
...“Members will be able to take confidence in the improved financial security of their benefits and the commitment and expertise of Clara,” said Simon True, chief executive of Clara Pensions....
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