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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”...
...The group would use mutuality as a pitch to pension trustees, chief executive Barry O’Dwyer told me....
...Pension trustees have also said they are worried about the potential threat from such arrangements....
...The trustees of the schemes did not respond to requests for comment. UKAR has gradually been selling the assets of B&B and Northern Rock to the private sector....
...At the same event, the Pensions and Lifetime Savings Association, which represents the UK’s £1tn pensions sector, said the government should not tell pension funds how to invest....
...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...
...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...
...as 2022 National Basketball Association champions the Golden State Warriors, the Utah Jazz and the Sacramento Kings....
...The top five “super funds”, as they are known, hold nearly a third of total assets — A$3.5tn across 24mn accounts at the end of June this year according to the Association of Superannuation Funds of Australia...
...A letter to participants from Dalriada Trustees, which now manages the funds, has warned them they could be taxed on everything transferred from their original pension funds to Ark — or in some cases even...
...The scrapping last month of the northern sections of HS2 has triggered concerns about policy uncertainty around such long-term projects among pension trustees, who are being asked to consider tying up cash...
...The Association of British Insurers has been also calling for higher minimum contributions. The move would automatically increase the total funds that could be ploughed into assets such as equities....
...provide a very effective private sector solution,” said the Pensions and Lifetime Savings Association, the trade body which represents workplace pension funds....
...“Competition is not working,” said Chris Sier, chief executive of ClearGlass. “Almost every deal between a fund manager and a pension scheme is different....
...These must have exclusively charitable purposes for the benefit of the public, and the trustees of the charity must act in the best interests of the foundation, not the commercial company....
...Since 2021, trustees of the UK’s biggest pension schemes have been required to identify, assess, manage and disclose climate-related risks and opportunities....
...Sir John Armitt, chair of the National Infrastructure Commission, has hit out at a drive to push pension schemes to invest more in Britain, saying there is “no reason” funds should have a home bias....
...Its endowment has risen in value from $200mn in 2000 to nearly $1bn today — five times the median level in US colleges, according to the latest survey by the National Association of College and University...
...Andrew Gallagher, chair of trustees for the BAE Systems pension schemes, said: “As we continue to look at ways to further de-risk pension liabilities, reducing the cost and improving the efficiency of asset...
...That means Newcastle United is clear to borrow footballers from the four Saudi Pro League teams owned by the kingdom’s sovereign wealth fund when the transfer window reopens in January....
...Sir Stephen Bubb, former head of the Association of Chief Executives of Voluntary Organisations, suggests that Batmanghelidjh’s legacy is of a promise never fully realised....
...(Simon Mundy) Smart reads The Taskforce on Social Factors, set up by the UK government to look at social risks and impacts that pension fund trustees should consider, published its final report yesterday...
...South Africa: 30th anniversary of the country’s first fully multiracial elections, marking the final end of apartheid US: White House Correspondents’ Association annual dinner, where the president traditionally...
...pension fund demand wanes and gilt sales by the BoE add to supply....
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