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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....
...The Bank of England plans to stress test insurers on their exposure to reinsurers through a flurry of corporate pension deals, according to people familiar with the matter, as concerns mount about the risk...
...It is unclear how 777 will fund a takeover of Everton if approved, although the firm has provided at least £150mn of loans to the club since September....
...As part of the transaction, Clara pledged to inject £34mn in new capital to underpin the scheme’s investment journey to buyout....
...The restrictions to dividends are an obstacle to investors, whose primary duty is to satisfy their shareholders, some of which are pension funds with thousands of retirees depending on the income....
...Katy Taylor, Southern Water’s chief customer officer, said: “We share everyone’s concerns about rising payments in the face of a cost of living crisis....
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...The Church of England has been urged to target £1bn in funding for a new investment fund to address its involvement in the transatlantic slave trade after an earlier pledge was deemed insufficient....
...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....
...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...
...In the UK, the Bank of England has proposed limits for so-called funded reinsurance deals....
...The provider of the pension or annuity assumes responsibility for making the income payments....
...Annuities such as those offered by A-Cap are typically backed by low risk investments in liquid securities, because policyholders are often able to redeem funds, subject to penalties....
...a new £11mn water restoration fund....
...help the UK will need to fund a major upgrade of creaking infrastructure....
...become more confident that the Bank of England will deliver multiple interest rate cuts this year....
...The surge in dealmaking has prompted the Bank of England to call for moderation from insurers in the pace of transactions. Just’s shares rose 6 per cent in morning trading in London....
...Guaranteed capped annual inflation increases, coupled with much lower low real interest rates of the last 25 years, fundamentally changed DB pensions from “with-profits” to annuities....
...Its replacement, SONIA, the Sterling Overnight Index Average used in almost all modern day interest rate swaps, is by contrast described by the Bank of England as “the risk-free rate for sterling markets...
...DeSantis put nearly all of his campaign’s time, money and energy into Iowa, and invested much less in New Hampshire. So it is little surprise that he is polling so poorly in the New England state....
...Ross Goobey managed the remarkable feat of persuading the fund’s trustees to let him invest in equities and dump the fund’s gilts....
...“It’s one of the few really growing markets in the UK finance sector,” says James Carter, a bond fund manager at Waverton, which bought into bulk annuity providers’ debt earlier this year....
...of the happiest moments of his life occurred in 1987 at the Parker Meridien Hotel in New York....
...New Financial estimates that the average cost of a DB scheme is 60bp of assets per annum....
...Mike Lawler, a Republican representative from New York, introduced a resolution in the lower chamber of Congress calling for the release of the funds to be reversed....
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