Hints and tips:
...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...
...“When a member of the defined contribution fund dies, as was the case following the untimely death of Mr Chalmers, the trustee has a lump sum to pay out in respect of his fund,” the trustees said in a statement...
...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....
...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...
...Ross Goobey managed the remarkable feat of persuading the fund’s trustees to let him invest in equities and dump the fund’s gilts....
...A report by ShareAction, a charity working on investor issues, found only 3 per cent of the 257 environmental and social shareholder resolutions voted on in 2023 received majority support — the threshold...
...Fixed income markets forced a change in government, despite — although some still argue because of — an emergency intervention by the Bank of England....
...Today, the interests of the 10.1mn members of private sector DB schemes are overseen by about 5,200 boards of trustees, their advisers and their managers....
...Many executives are tired of the balance sheet volatility, the ongoing risk and potential demands for top-up payments from scheme trustees....
...Pension fund trustees have a duty to act in the best interests of their members, with the higher charges and performance fees often associated with illiquid investments seen as a barrier to schemes steering...
...Part of the logic of leveraged LDI is to build up the return-seeking part of pension fund portfolios from which the trustees can pay discretionary pension increases to address problems such as inflationary...
...The decision to review the fiduciary duties of pension fund trustees in relation to climate and energy transition risks is significant....
...By comparison, the UK only has 260 banks, or one bank for every 257,000 people....
...offer income and risk mitigation....
...In August this year, the WHSmith pension fund was sold to Standard Life in a £1bn bulk purchase annuity deal. The retirement income of the members is now assured....
...Many companies eager to get shot of their schemes into the tightly-regulated, better capitalised security of the insurance sector had been shut out thanks to poor funding....
...That is a performance reminiscent of bitcoin, not a flagship security of the UK....
...If successful, this course of action: Improves pensioner security Reduces risk-based levies due to the Pension Protection Fund Reduces the need to gamble on favourable financial market returns (i.e.,...
...“There was a lot of concern about job security, which is typically lost under a trade sale.”...
...That’s in part because figuring out direct individual exposures to gilt-mageddon will have to wait for the next round of annual reports, unless problems are big enough to force pension fund trustees into...
...DMFCO argues its model is different from the residential mortgage-backed securities and structured products that offer income based on payments from many individual mortgages....
...The Securities and Exchange Board of India has introduced new guidelines for exchange traded funds and index funds, following a sharp rise in local investors’ interest in the products....
...And although the bedrock of most people’s financial security is owning a home, I’m not sure that that is security if it comes at the expense of having a pension....
...But it pales in comparison to the income that wealthier Americans typically earn from assets and/or 401K retirement accounts....
...The ability of trustees to do this is constrained by the high proportion of assets devoted to liability matching which involves pairing the timing of pension outflows with bond cash flows around the same...
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