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...Pension trustees have also said they are worried about the potential threat from such arrangements....
...“Government needs to recognise this as an international, globally competitive market,” he told attendees at the Trades Union Congress pension conference in London this week....
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...Announcing the shake-up, Hunt said: “British pension funds appear to contribute less to the UK economy than international counterparts do as they invest less in our domestic businesses....
...“The central purpose of DB pension schemes — to pay the benefits promised to members — should not be undermined,” said Hetty Hughes at the Association of British Insurers, the industry trade body....
...Trustees have also warned that industry moves to make the financial system more resilient could yet lead to unintended consequences....
...Nigel Peaple, spokesperson for the Pensions and Lifetime Savings Association, the workplace pension trade body said: “Investment must be in the interest of pension savers and we look forward to working with...
...If approved, The Body Shop would continue to trade under the ownership of Aurelius, the private equity firm that took control of it four months ago....
...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 industry body said that around 40 per cent of daily foreign exchange deals would be shut out of the main platform for reconciling currency trades when the US moves from two-day to one-day settlement...
...Many of the biggest funds in Australia have nearly half of their portfolio — including listed equities and private assets — in international areas....
...provide a very effective private sector solution,” said the Pensions and Lifetime Savings Association, the trade body which represents workplace pension funds....
...“What [pension funds] need to do is develop links with the VC industry to give them the confidence to be able to make those investments that are in the interests of their pension holders,” he said....
...Any switch to compulsory investment in the UK should set klaxons blaring for pensions lawyers and trustees....
...A spokesperson for The Pensions Regulator said: “Our job is to make sure pension savers are protected, and we are currently in discussions with the trustees of the CBI Retirement Benefits Plan and the CBI...
...DD will be watching Hunterbook’s pair trade closely. Job moves Calpers, the biggest pension fund in the US, has named Stephen Gilmore as its investment chief....
...“Some wealth managers and tiny pension funds might not have the clout to get a fee discount....
...Take Calstrs, the $327bn US pension fund that is one of the world’s biggest backers of private equity....
...As for their anxiety about UK pension funds’ shrunken equity holdings — it amounts to a denial of globalisation....
...Housing is also a core theme for the Merchants Trust, which owns housebuilders Bellway and Redrow as well as Marshalls, the paving and tiling specialist, and Tyman, the UK-listed international supplier of...
...Since 2021, trustees of the UK’s biggest pension schemes have been required to identify, assess, manage and disclose climate-related risks and opportunities....
...Many are international fund managers, with the claims being organised by law firms Quinn Emanuel and Pallas....
...“The financial industry is an unsung hero; it’s one of the reasons Americans are so rich.”...
.... — Simon Mundy Pension fund drops ‘net zero’ claim Back when carbon credits were still fashionable in 2021, it seemed avant-garde of UK pension scheme Cushon to offer a “net zero” version of a fund, claiming...
...(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...
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