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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...
...’ closed mortgage books, with a balance sheet of almost £116bn....
...Pension trustees have also said they are worried about the potential threat from such arrangements....
...The fund and its surplus is carried on the company’s balance sheet....
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...Many workers wish for the simplicity of a pension that does not run out: 73 per cent of workers surveyed last year by insurer Nationwide said they wished their 401k plan had a lifetime income option....
...“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...
...Local government workers, MPs, and those working for the Bank of England see their monthly pension contributions invested in assets like equities, bonds and infrastructure....
...But unlike many workers around the world, St Anne feels confident about her financial future, being a member of one of the world’s best-performing pension funds....
...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....
...The pension system, in which workers pay into individual accounts managed exclusively by private investment funds, forms the backbone of capital markets that have helped the country become one of Latin America...
...He put it into the Portman Pension Scheme, one of a group of vehicles known as the “Ark funds”....
..., known as the superannuation guarantee, had been effective at creating larger pension pots for more workers....
...The change is aimed at reducing the proliferation of pension pots in the system when workers change jobs but experts said the government appeared to be pulling back on the proposal....
...Fund analysis....
...Thames Water has an £18.3bn debt pile, and its shareholders include Chinese and Abu Dhabi sovereign wealth funds, and Canadian and UK pension funds....
...Reforms that increased pension contributions bequeathed today’s Canadians a sustainable national pension system, an improved international balance sheet and a large pool of well-managed capital....
...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....
...Any switch to compulsory investment in the UK should set klaxons blaring for pensions lawyers and trustees....
...The performance of ‘default funds’ that giant UK pension providers shoehorn the vast majority of our money into varies widely....
...Such insurers tend to hold a higher proportion of illiquid assets, and the fund has urged national regulators to consider the risks to the wider financial sector....
...Back in November 2022 these investors — including Trillium Asset Management, the New York City Retirement System and the Greater Manchester Pension Fund — had filed a shareholder proposal that would have...
...Shareholders, which include the pension funds Omers and USS as well as the Abu Dhabi and Chinese sovereign wealth funds, would take losses estimated at £5bn, a fact they acknowledged in March when they refused...
...Thames Water’s shareholders, including pension funds Omers and USS as well as the Chinese and Abu Dhabi sovereign wealth funds, last month said that conditions imposed by Ofwat had made the company “uninvestable...
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