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...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....
...Two industry professionals told the Financial Times that companies had been concerned about the level of fees and the idea of a bank getting involved in pensions....
...— has quite the job ahead of him, which he obliquely nodded to in the pension plan’s statement: “I’m grateful to CalPERS’ leaders for the trust they’ve put in me to help shape the pension fund’s next chapter...
...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...
...facing pension funds It was not the most festive of Christmas cards....
...Gilmore starts at the largest US public pension plan in July, ending a seven-month vacancy in the top position at the $494bn pension fund....
...“It has been an honour to lead and guide this massive global investment trust fund for the teachers of California,” said Ailman....
...They own a lot of the same underlying stuff, though industry or country exposure may differ a bit....
...Private equity executives need to “share the wealth” they create with workers at the companies they buy, according to the investment head of Calstrs, the giant US pension fund that is one of the world’s...
...Yet in the fourth quarter of 1974, fearful insurance companies, pension funds, investment trusts and unit trusts together sold more shares than they bought for the first and last time during the decade....
...Take Calstrs, the $327bn US pension fund that is one of the world’s biggest backers of private equity....
...Thirty-six “master trusts”, the largest workplace DC pension schemes, held three-quarters of the DC pension sector’s £143bn total assets, or £105bn, as of June, according to The Pensions Regulator....
...The Pension Protection Fund’s Purple Book — the UK’s almanack of private sector defined benefit pensions — dropped on Wednesday....
...Four public pension plans with more than $4bn allocated to China-focused private equity funds told the Financial Times they were ready to delay redemptions from investments nearing the end of 10-year lifespans...
...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...
...UK pension fund trustees must consider increasing the range of their investments, including in start-ups or other illiquid assets, or face “robust” intervention, the British regulator has warned....
...“The financial industry is an unsung hero; it’s one of the reasons Americans are so rich.”...
...A quick aside to explain the GPFG reference. That stands for Government Pension Fund Global, the name of the actual fund (often just called “the oil fund” in Norway, or Oljefondet)....
...But because of its size the fund has a higher allocation to so-called productive finance assets than most “closed” corporate DB schemes, where the rules have encouraged the trustees to invest in low-risk...
...On the one side is the stretch to institutions: sovereign wealth funds, pension funds, insurers looking for fast, low-cost access to markets....
...Rothschild was named chair of the trustees of the National Gallery in 1985....
...Since 2021, trustees of the UK’s biggest pension schemes have been required to identify, assess, manage and disclose climate-related risks and opportunities....
...Calstrs to PE: Share the wealth Private equity executives have made a killing managing money for big investors such as US public pension funds....
...That’s eye-watering, compared with the usual 0.5 per cent annual fee on a default fund, and more than most private equity investment trusts charge: 11 out of 17 trusts in the Association of Investment Companies...
...Many of NBIM’s counterparts, including Middle Eastern and Chinese sovereign wealth funds, as well as large North American pension plans, have invested heavily in the asset class for decades....
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