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...She added: “This is where the disquiet comes in for trustees — and their advisers too.”...
...The appointment comes as some of the pioneers of the $4tn private equity industry plot succession plans beyond their founders, or even second and third generations of leadership....
...Mark Cliff, chair of trustees for the Debenhams Retirement Scheme, said: “We are confident that transferring members’ benefits to Clara provides the best available outcome for them.”...
...Nick Allaway, a former accountant and trustee of the charity, said he had to call on industry contacts to get the account reopened in January....
...of its bitcoin trust into an ETF but lost a federal appellate court decision last year....
...Some of the sector’s problems are common to the wider investment trust industry. Higher interest rates have increased the allure of other lower-risk asset classes....
...“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....
...“I am not sure that it is the role of the government to tell trustees where they place their money,” said Armitt....
...in the industry....
...Purchases totalled £948mn last year, down 28 per cent from 2022’s record high of £1.3bn, according to data from the Association of Investment Companies, a trust industry body....
...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....
...At a meeting held last month, the firm proposed to its board of trustees for Pimco Funds that it consider converting its $141mn Mortgage-Backed Securities Fund from a mutual fund into an ETF, the filing...
...Lai Shyh-bao, a Kuomintang politician and member of the Financial Committee, questioned whether the FSC was trying to regulate ETFs or their promotional tactics, saying that the regulator had always encouraged...
...Pension funds in the UK have about £88bn ($111bn) invested in the fossil fuel industry — nearly a quarter of which is through bonds — according to the responsible investing campaign Make My Money Matter....
...Trusts can be set up in a number of ways, including through outright gifting, but also on the back of a will....
...According to Jefferies, this is the largest ever buyback programme by a UK investment trust, with £1bn representing 9 per cent of the Scottish Mortgage Investment Trust’s shares....
...The active stockpicking funds that have been the industry’s bread and butter have suffered the biggest decline as a newer option, exchange traded funds, amassed more than $2tn in inflows in the US since...
...Ross Goobey managed the remarkable feat of persuading the fund’s trustees to let him invest in equities and dump the fund’s gilts....
...Venture capital trust investors are turning back towards the tax-efficient, high-risk asset class in a race to buy before the end of the tax year....
...Trustees have also warned that industry moves to make the financial system more resilient could yet lead to unintended consequences....
...The Wellcome Trust was founded in 1936 after the death of pharmaceutical entrepreneur Sir Henry Wellcome, founder of one of the predecessors to drugmaker GlaxoSmithKline....
...Is the asset management industry ready for T+1?...
...He served as chair of trustees of the National Gallery between 1985 and 1991 and chair of the Heritage Lottery Fund from 1994 until 1998....
...The assets held in overseas trusts will not pass under your aunt’s will so you would need to consider the trust documents or contact the trustees to establish who are the beneficiaries of any trust assets...
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