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...Victoria Tillbrook, a UK pensions expert at consultancy PwC, said “more and more” trustees wanted to fully understand developments in what insurers were doing, what was being reinsured and the position of...
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...Global policymakers have in recent years increased scrutiny of these agreements, particularly where some of the collateral is moving offshore and beyond the oversight of a national regulator....
...“The duty of pension scheme trustees first and foremost is to maximise returns for members.”...
...Armitt is a former chair of the National Express Group and held senior roles with the Berkeley Group as well as the Board of Transport for London....
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...“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...
...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....
...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....
...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....
...Pension funds can use this to get access to gilts to hedge against movements in the value of their liabilities....
...Trustees of large pension funds in the UK are already required to set a climate-related investment target, and must also consider the potential impact of climate change on a scheme’s assets and liabilities...
...The median Gen X household has just $40,000 saved for retirement, and 40 per cent of all 401k accounts have a zero balance, according to the National Institute on Retirement Security....
...In a statement on Tuesday, the $494bn pension fund said Stephen Gilmore, the former chief investment officer of the NZ$73bn (US$43.5bn) New Zealand Superannuation Fund, would become its new CIO in July,...
...To be confident their pension money will last through retirement, a saver has conventionally been told to limit withdrawals to 3-4 per cent of the value of the fund each year....
...A competent team of plumbers is sorely missing....
...There are always a lot of different interests to manage at the top of a pension plan, but the psychodrama between the board, plan members, the investment staff, the media, and local, regional and national...
...Pension trustees should expect more questions about the voting decisions of their chosen fund managers....
...He put it into the Portman Pension Scheme, one of a group of vehicles known as the “Ark funds”....
...These are risks that every private pension scheme and sovereign wealth fund faces today. But for these risks, such funds have been rewarded over long-term horizons....
...Sir Graham Watson, 67, a former president of the liberal ALDE party, has also joined the action. He said MEPs agreed to drop national pay and conditions in return for the new pension scheme....
...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...
...According to the Office for National Statistics, the proportion of UK-listed shares held by insurance and pension funds has fallen since 1997 when the two sectors held a combined 45.7 per cent of UK quoted...
...national interest, backing vital investment and keeping start-up companies in Britain....
...The Pension Protection Fund’s Purple Book — the UK’s almanack of private sector defined benefit pensions — dropped on Wednesday....
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