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...The Pensions Regulator then issued guidance saying a transfer to a superfund should only be considered if a scheme has no realistic prospect of a buyout in the “foreseeable future”....
...They really need to be talking to market makers like local funds and asset managers and I still am not seeing that,” said one Singapore-based hedge fund executive....
...A spokesperson for the BP pension trustees said they had a duty to “continually review and assess all investment options to manage the security of the fund and members’ benefits”, adding that “such options...
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...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...
...“There’s no question that the primary purpose of [pensions] is to deliver in the members’ best financial interests,” Young said....
...Pension funds can use this to get access to gilts to hedge against movements in the value of their liabilities....
...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...
...By saving up to 70 per cent of annual income, followers of the Fire movement aim to achieve financial independence by living off the income from their accumulated funds....
...He put it into the Portman Pension Scheme, one of a group of vehicles known as the “Ark funds”....
...The Pension Protection Fund’s Purple Book — the UK’s almanack of private sector defined benefit pensions — dropped on Wednesday....
...The company also reached a deal with its pension trustees that should reduce pension payment commitments by about £40mn from 2028....
...IFM, which invests in private markets on behalf of 17 Australian pension funds, has more than £111bn under management. “The UK has no such investment vehicle — but it needs one,” says McClymont....
...The $13.3bn in withdrawals includes last week’s announcement by the Texas Permanent School Fund that it would pull $8.5bn at the end of April, the largest removal to date by Republican-run pension funds....
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...What he omits however is the underlying guarantee on the investment strategy and its implicit cost. There appears to be no circumstances where local authority pension benefits are reduced....
...“Private equity is undergoing a reset as tailwinds are now becoming headwinds,” said Scott Chan, deputy chief investment officer at Calstrs, the US’s second-largest pension fund....
...Fund analysis....
...The decision of SoftBank to favour New York with the initial public offering of subsidiary Arm, a UK-based chip designer, also hurt local pride....
...Today, pension trustees — and I am the chair of a small scheme — have no incentive to hold more equities. Our job is to protect pension promises....
...Most often these come from the “Bank of Mum and Dad”. The difficulty is that there is no legislation for the treatment of soft loans within a financial agreement....
...UK pension fund trustees must consider increasing the range of their investments, including in start-ups or other illiquid assets, or face “robust” intervention, the British regulator has warned....
...“It makes no sense for UK savers that they can only gain these ingredients when their pension fund sponsor goes broke.”...
...The head of one of the world’s biggest pension funds has said UK retirement plans should not be told where to invest their money, as the government sets out plans to funnel more cash into unlisted assets...
...This method of donating is desirable as donors do not pay income tax on the funds donated and there is no cap on the tax benefit individuals can gain....
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