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...The Association of British Insurers welcomed the PRA’s acknowledgment of the importance of reinsurance to well-functioning insurance markets, and said the sector gave “vital protection and peace of mind”...
...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.”...
...posed by offshore arrangements to UK retirement savers....
..., student and retirement housing....
...The government is pushing ahead with a controversial proposal to expand the role of the UK’s pension lifeboat fund as it looks for ways to unlock billions of pounds of retirement fund capital to boost economic...
...The pension fund looking after the retirement savings of Britain’s MPs and ministers has given the cold shoulder to UK companies, in spite of efforts by chancellor Jeremy Hunt to funnel more cash into domestic...
...Portfolios of private assets are being dumped by so-called defined benefit pension schemes — funds offering members a set amount in retirement — as they try to prepare themselves for a buyout by an insurance...
...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...
...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....
...In his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...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....
...At a meeting held last month, the firm proposed to its board of trustees for Pimco Funds that it consider converting its $141mn Mortgage-Backed Securities Fund from a mutual fund into an ETF, the filing...
...For the moment, pension fund trustees in the UK are still not sure if they can prioritise the positive climate impacts of an investment at the expense of creating returns for beneficiaries, according to...
...A proposed shake-up of the UK’s pension market to give millions of workers the right to choose a retirement “pot for life” risks leaving savers worse off, industry leaders and unions have warned....
...Pension funds can use this to get access to gilts to hedge against movements in the value of their liabilities....
...Fund analysis....
...Ross Goobey managed the remarkable feat of persuading the fund’s trustees to let him invest in equities and dump the fund’s gilts....
...The Pension Protection Fund’s Purple Book — the UK’s almanack of private sector defined benefit pensions — dropped on Wednesday....
...bonds and other low-risk assets as they target insurance buyouts”....
...The firm’s ETFs, the first of which launched in 2013, would “probably cannibalise some of the mutual funds”, Johnson said, but mutual funds would remain popular in the retirement channel, she added....
...In 2011, encouraged by a work colleague and a registered financial adviser, Cornford, then an insurance broker, moved his £96,000 retirement savings pot....
...Under the proposals, regulators will be given powers to stop poorly performing retirement funds from taking on new workplace pension business....
...One member said his €1,700 monthly pension was all he had to live on after paying for health insurance....
...Now the BoE plans to stress test insurers on their exposure to reinsurers through a flurry of corporate pension deals, as concerns mount about the risk posed by offshore arrangements to UK retirement savers...
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