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...A UK government push to persuade local authority pension funds to plough billions of pounds into levelling up projects may conflict with trustees’ duty to secure the best returns for pensioners, one of Britain...
...In some cases, when anti-ESG and boycott laws passed, public pension fund trustees balked at being forced to move money, saying it would violate their fiduciary duty to put investors first....
...Trustees of the M&S pension plan declined to comment beyond the statement on the website. Meanwhile, Diageo said some of its 32,000 pension members had been affected by the incident....
...Ross Goobey managed the remarkable feat of persuading the fund’s trustees to let him invest in equities and dump the fund’s gilts....
...I am, I regret, confident that the Treasury would strangle them all. But she has sensible ideas for consolidation of the UK’s fragmented defined contribution pension funds....
...Rory Murphy Chair of Trustees Merchant Navy Officers Pension FundHaywards Heath, West Sussex, UK...
...Female life expectancy aged 75-80 is 13 years, which would unlock funds of £1,955 per month. However, it also laid bare a north-south gap when it comes to downsizing....
...“Twice again I have had similar experiences: in Walter Heller’s Council of Economic Advisers and, for most of my adult life, in the Economics Department at MIT....
...The immutable right of pension trustees to invest as they see best on behalf of their members runs through this debate....
...bonds and are held by insurance companies, pension funds and individual investors....
...It avoids the use of a continuation fund — which have become increasingly popular but have also drawn criticism from pensions and endowments over potential conflicts and high fees....
...Letter in response to this article: Pension fund assets could be made to work for benefit of all / From Rory Murphy, Chair of Trustees, Merchant Navy Officers Pension Fund, Haywards Heath, West Sussex,...
...Pete Gladwell, investment and impact director at pension fund Legal and General, which has backed the city’s West Bar development, noted Sheffield had a “history of being politically unstable” but had lately...
...Data visualisation by Keith Fray Letters in response to this article: Pension fund assets could be made to work for benefit of all / From Rory Murphy, Chair of Trustees, Merchant Navy Officers Pension...
...He was elected to Lothian Regional Council in 1982 and became the MP for Edinburgh Central in 1987....
...The party has endorsed many recent City reforms introduced by the Conservative government, including plans to encourage more investments by pension funds into the wider economy and a new objective for regulators...
...Although legally one scheme, notes pension expert John Ralfe, it consists of about 100 regional funds which together hold £400-500bn in assets....
...“The union pays everything, 130 per cent of wages to cover pensions. Nobody should lose a cent because of the strike. We have funds to last years.”...
...More recently, the tail risks of the conflict — namely the risk of a wider regional war that would slam global markets — appear to have waned....
...Weingarten: There are times as an AFT trustee, when you’re sitting on the board of a pension fund and you see $4bn in front of you and you have to make an investment decision. Wow....
...The closest thing that the UK has to Canada’s public pension plans are the local government pension schemes, which are around 90 regional funds, and these are quite heavily invested in equities already and...
...Last week, the heads of the Financial Conduct Authority and The Pensions Regulator conceded to a House of Lords committee that they had not been paying sufficient attention to the use of LDI by pension funds...
...Currently local leaders, including mayors, must bid for money to fund projects from Whitehall through scores of different pots, in a highly centralised model widely criticised by regional leaders, who say...
...In the meantime, Elisa Ferreira, the Portuguese commissioner who oversees regional spending, has told the Financial Times she wants to make it easier for member states to deploy cohesion funds to lure in...
...Andrew Bailey, governor of the Bank of England, said its actions last autumn in helping the UK resolve its pension funds crisis did not stand in the way of monetary policy decisions....
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