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...She added: “This is where the disquiet comes in for trustees — and their advisers too.”...
...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.”...
...The global textile industry is responsible for up to 10 per cent of global emissions, and makes little use of recycled material or waste....
...However, some analysts question the share price impact of thermal coal divestments of industry peers Anglo American and Rio Tinto, arguing that the moves have not lifted their shares....
...Pension trustees have also said they are worried about the potential threat from such arrangements....
...of the industry....
...“I am not sure that it is the role of the government to tell trustees where they place their money,” said Armitt....
...But she told the Financial Times she would have “cause for concern” if ministers were to go a step further and direct trustees as to where funds should be allocated....
...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...
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...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....
...Rowan could not be more out of line, unless he wants the board of trustees to act like a politburo and have a chilling effect on freedom of expression and thought — both essential to true education....
...Pension funds in the UK have about £88bn ($111bn) invested in the fossil fuel industry — nearly a quarter of which is through bonds — according to the responsible investing campaign Make My Money Matter....
...“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...
...The funds industry maintains that, in the face of retreating banks and trillions of dollars of incremental Treasury issuance, it is the market intermediary ready to step in....
...Society may hope for the best, but the defence industry must prove it can be prepared for the worst....
...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 success of ETFs is not reflected in the overall fund industry, as active managed mutual funds witness high outflows, and the gap is set to increase further,” said Glow....
...The latest gains follow the decision by US regulators at the start of the year to approve a series of spot bitcoin exchange traded funds issued by Wall Street stalwarts, including Fidelity and Blackrock....
...Trustees have also warned that industry moves to make the financial system more resilient could yet lead to unintended consequences....
...Jean-François van Boxmeer, head of the European Round Table for Industry lobby group, said the NextGen EU recovery fund — often touted as a European precursor to US President Joe Biden’s Inflation Reduction...
...In a sign of just how tough it is to get these launches off the ground, Jain’s new hedge fund is falling short of its original $8bn-$10bn fundraising target, thwarting his ambition for the industry’s largest-ever...
...The industry and some economists worry that the continued flow of money into buy and hold funds could harm financial markets....
...“We are discussing with leaders in the European Council in the framework of our strategic agenda that will set our priorities for the years to come, including the role of the EIB and the different EU institutions...
...Trustees need to be telling advisers what to do, rather than the other way around. Rory Murphy Chair of Trustees Merchant Navy Officers Pension Fund West Sussex, UK...
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