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...and legal advice, and the appointment of trustees for the scheme’s governance....
...The supervision of contributions is the responsibility of pension providers and the trustees of every pension fund....
...Importantly, the donations must be paid through PAYE from the donor’s salary or pension and their employer must have a payroll giving scheme set up with an approved agency....
...A key feature of the Australian pension market is that individuals choose their workplace super fund. In the UK, the employer makes that decision....
...Since 2021, trustees of the UK’s biggest pension schemes have been required to identify, assess, manage and disclose climate-related risks and opportunities....
...That’s eye-watering, compared with the usual 0.5 per cent annual fee on a default fund, and more than most private equity investment trusts charge: 11 out of 17 trusts in the Association of Investment Companies...
...Investment risk isn’t to be taken lightly — precisely why The Pensions Regulator says the strength of the employer should be taken into account when setting investment strategy....
...Data visualisation by Keith Fray Letters in response to this article: Pension fund assets could be made to work for benefit of all / From Rory Murphy, Chair of Trustees, Merchant Navy Officers Pension...
...Mark’s pension contributions, of around £44,000, were refunded to Claire, while around £165,000 of the fund was returned to the employer....
...Yet in practice, trustees are often constrained where trust deeds stipulate that discretionary increases must be agreed by the employer....
...Many in the City are blaming pension funds for the state of UK the market, calling on the Government to start forcing pension funds to pump hundreds of billions into UK listed shares, instead of overseas...
...The government said it had received 54 responses to its consultation, with the financial services sector and multiple-employer pension plans, known as master trusts, broadly in favour....
...For defined benefit scheme members their fund’s investment performance is thus of no great importance — unless, that is, the fund is in deficit and the employer is at risk of bankruptcy....
...Charitable Trusts, a Washington-based think-tank....
...“Trustees and employers should carefully consider whether and how to consolidate pension arrangements....
...So, in a CDC, the trustees, whose sole responsibility would be to manage the fund in the interests of members, would have to adjust promises from time to time in light of experience....
...The ageing of the US population is contributing to the deepening pensions crisis....
...cent according to data published by an investor, the Oregon Public Employees Retirement Fund, putting it comfortably in the top quartile of buyout groups....
...The trustees for UK pension funds are often unable to get details about asset managers’ voting and engagement with companies, according to research published on Monday from Dalriada Trustees, a London-based...
...“It is hard for advisers to talk about annuities to the retirement plan, and it’s tough to talk about them with consumers,” says Mr DeNoyior, president of the Washington Financial Group at Hub International...
...The fine was levied against the trustees of the money-purchase section of the pension plan but paid for by the FCA....
...This followed similar moves in recent years by the Philadelphia Board of Pensions and Retirees, the New York State Common Retirement Fund, the Chicago Teachers’ Pension Fund, the New Jersey Pension Fund...
...Regulators also required pension funds to act. Last year the UK directed pension fund trustees to consider ESG factors or give a reason why they had not. Some investors were already on board....
...Similarly, in one Latin American country where Amundi was talking about green investments with local pension funds, the conversation has stalled — until the country’s central bank signalled support for sustainable...
...’ and employers’ trust and confidence in the scheme.”...
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