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...The chancellor is also expected to outline further details on reforming defined benefit pensions and unlocking funds from local authority pension schemes. The BVCA declined to comment....
...A UK government push to persuade local authority pension funds to plough billions of pounds into levelling up projects may conflict with trustees’ duty to secure the best returns for pensioners, one of Britain...
...This kind of partnership approach has already been employed successfully by some of the largest pension funds in Australia....
...Funds such as the Pension Protection Fund, the UK’s £32bn-in-assets retirement scheme lifeboat, and Border to Coast Pensions Partnership, a £60bn local authority pool, are among those looking for bargains...
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...Just $830mn of domestic institutional and banking capital in Africa is invested in climate solutions and clean energy, a fraction of the $1.4tn assets managed by local institutions including pension funds...
...After months of discussions with pension funds, the BBB is now developing plans for an investment vehicle where pension funds can co-invest in high-growth companies under the guidance of the bank....
...AI in public services and the forced merger of small pension funds....
...“The chancellor believes scale and active management bring better returns,” said Quentin Marshall, chair of the £1.6bn Royal Borough of Kensington and Chelsea pension fund, the UK’s best funded local authority...
...Private equity executives need to “share the wealth” they create with workers at the companies they buy, according to the investment head of Calstrs, the giant US pension fund that is one of the world’s...
...There is talk of consolidation of local authority pension plans, too, but this plan is also not very radical....
...“So having any kind of fixed allocation suggests putting another objective above the [pension] trustees’ focus, which is risk-adjusted returns.”...
...Then, if the right investment option isn’t there, complain to the trustees....
...The SEC’s investor advisory committee were meeting to discuss the consequences of amending US shareholder voting rules, after big pension funds such as the behemoth Calpers had pushed for changes to give...
...Weingarten: There are times as an AFT trustee, when you’re sitting on the board of a pension fund and you see $4bn in front of you and you have to make an investment decision. Wow....
...The 5,000 or so pension plans monitored by the UK’s Pension Protection Fund, which rescues schemes whose corporate sponsor can no longer fund them, swung from a collective deficit of £132bn in 2020 to a...
...The immutable right of pension trustees to invest as they see best on behalf of their members runs through this debate....
...In the March Budget, the Treasury flagged further reorganisation of local government pension assets....
...local transport and health infrastructure....
...“The committee has clearly set out its expectations relating to the minimum level of resilience it wants trustees and fund managers to adhere to when using LDI, and I am pleased this builds on the guidance...
...Pension trustees of all stripes rightly bristle at the suggestion of investment mandated by public policy goals lest the needs of UK plc aren’t best for their membership....
...The closest thing that the UK has to Canada’s public pension plans are the local government pension schemes, which are around 90 regional funds, and these are quite heavily invested in equities already and...
...Our pensions are in the NHS scheme and the rent on the premises is paid for by the local health board. What would change if I were salaried, and paid directly by the NHS?...
...Job moves Urban Angehrn, the head of Switzerland’s financial regulator, has resigned citing the toll on his health by UBS’s rescue of Credit Suisse....
...They’re not mostly the ones who were responsible. Some of them are university pension funds. So they’re not all, you know, rapacious City slickers....
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