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...The UK Pensions Regulator said it was monitoring market developments and was working on a” number of initiatives” with the Bank of England and the PRA....
...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.”...
...Insurers, meanwhile, defend the use of funded reinsurance as one of a number of risk management tools that provide security to their customers’ benefits....
...Catherine Mann, an external member of the Bank of England’s monetary policy committee, told the FT last month that while labour productivity numbers looked “very attractive” in the US, they were driven by...
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...The trustees in charge of Social Security, the government retirement programme, estimated last year that it would have to start cutting benefits in 2033, unless Congress raised the retirement age or levied...
...One of the triggers of the dispute was a 2020 valuation of USS at the height of a market crash, which recorded a deficit of £14bn and led to a cut to benefits, resulting in criticism of how the scheme was...
...If the conversion is approved as proposed, some share classes of the strategy would be closed to new investors as of June 3, and new accounts for the fund would not be able to be opened through Pimco, the...
...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....
...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....
...The writer is a former professor of economics and senior adviser at the Bank of England....
...Government estimates of the number of sex workers range from 60,000-80,000....
...and nurture new talent....
...These must have exclusively charitable purposes for the benefit of the public, and the trustees of the charity must act in the best interests of the foundation, not the commercial company....
...When I heard news of the Church of England’s £100mn initiative to combat the effects of chattel slavery and received an invitation to join the oversight group, I was struck with hope....
...We will face bigger challenges, from new housing and planning permissions to the climate emergency....
...As a signal of the required change in approach, it recommended that TPR’s objective to safeguard the Pension Protection Fund, the industry lifeboat, be replaced with a new objective to protect future, as...
...The average top 200 US corporate pension fund now has 105 per cent of the assets needed to fund its benefits, the highest ratio in 15 years, according to BlackRock, which has urged its corporate pension...
...The move to broaden out the types of collateral that liability-driven investment (LDI) funds can use to backstop their trades comes as the market explores ways to prevent a repeat of the near-implosion of...
...Michael Gove has been forced to water down plans to cap ground rents on millions of leasehold homes in England and Wales after lobbying by pension and investment managers who benefit from these payments....
...Since April 2023, the Bank of England has increased its base rate from 4.25 per cent to its current level of 5.25 per cent....
...Demand and supply: Copper rallies on hopes of China economic rebound Taxation: Scotland top-rate tax rises widen gap with rest of UK Demand and supply: Why the price of oil has dropped despite new constraints...
...The majority of the index’s constituent companies earn their revenues in dollars and therefore benefit from a weaker exchange rate....
...Shareholder resolutions demanding better disclosure on worker rights have started winning the support of major investors, including Norway’s $1.5tn sovereign wealth fund....
...The writer chairs the board of trustees at National Numeracy, a UK charity We know the UK has a productivity problem. The gender pay gap is also well documented....
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