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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...
...did its first transaction last year with a corporate pension plan that was not in the protection fund....
...“The duty of pension scheme trustees first and foremost is to maximise returns for members.”...
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...The leader of the UK’s biggest private sector pension scheme has urged the government to refrain from excessive intervention in how retirement funds are managed....
...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....
...facing pension funds It was not the most festive of Christmas cards....
...To be confident their pension money will last through retirement, a saver has conventionally been told to limit withdrawals to 3-4 per cent of the value of the fund each year....
...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...
...Stephen Poloz, who led the Bank of Canada from 2013 to 2020, has been given the task of convincing Canada’s pension funds, which manage more than C$4tn (US$2.9tn), to allocate more capital at home....
...The letter said domestic companies make up 4 per cent of Canadian pension funds’ assets, down from 28 per cent at the end of 2000....
...Pension trustees should expect more questions about the voting decisions of their chosen fund managers....
...The chancellor left open the threat of tougher action against pension funds not providing greater support to the UK....
...In a statement on Tuesday, the $494bn pension fund said Stephen Gilmore, the former chief investment officer of the NZ$73bn (US$43.5bn) New Zealand Superannuation Fund, would become its new CIO in July,...
...Pawson becomes chair of Murmur’s board of trustees. Other business areas could be included down the line — another trustee is Will Hutton, head of sustainability at the Premier League....
...It is easy to see why the government might see this as an easy way to rival the likes of Canada’s big public sector pension funds....
...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...
...The expansion of wealth is, after all, the raison d’être of modern finance, be that via hedge funds, pension plans or other investments....
...— has quite the job ahead of him, which he obliquely nodded to in the pension plan’s statement: “I’m grateful to CalPERS’ leaders for the trust they’ve put in me to help shape the pension fund’s next chapter...
...The finance ministry forecasts the size of the fund to reach €200bn by the mid-2030s and returns on investments will enable distributions of €10bn a year to the statutory pension fund from 2036....
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