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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...
...’ closed mortgage books, with a balance sheet of almost £116bn....
...The fund and its surplus is carried on the company’s balance sheet....
...A UK government push to persuade local authority pension funds to plough billions of pounds into levelling up projects may conflict with trustees’ duty to secure the best returns for pensioners, one of Britain...
...Trustees of the M&S pension plan declined to comment beyond the statement on the website. Meanwhile, Diageo said some of its 32,000 pension members had been affected by the incident....
...Over the weekend, The Pensions Regulator confirmed it had written to the hundreds of pension funds that employ Capita to help administer their payment systems, urging them to “determine whether there is...
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...Funds such as the Pension Protection Fund, the UK’s £32bn-in-assets retirement scheme lifeboat, and Border to Coast Pensions Partnership, a £60bn local authority pool, are among those looking for bargains...
...In fact, the UK already has in its Local Government Pension Scheme one of the largest asset-based public service pension schemes in the world....
...The company also reached a deal with its pension trustees that should reduce pension payment commitments by about £40mn from 2028....
...Ross Goobey managed the remarkable feat of persuading the fund’s trustees to let him invest in equities and dump the fund’s gilts....
...So possibly the proposal could be reversed with all local authority funds handed to the government (which could certainly benefit from the cash) and the liabilities placed off balance sheet (where the implicit...
...KKR’s funds plan to house assets moving off the balance sheets of corporations, banks and insurers looking to simplify their operations or fund stock buybacks....
...Fund analysis....
...Today, pension trustees — and I am the chair of a small scheme — have no incentive to hold more equities. Our job is to protect pension promises....
...The decision of SoftBank to favour New York with the initial public offering of subsidiary Arm, a UK-based chip designer, also hurt local pride....
...Brasília also has some sway over Previ, the pension fund of state-controlled Banco do Brasil, which is Vale’s biggest individual shareholder with two seats on the board....
...Intermediate-to-longer maturity USTs should see about $150bn demand from a combination of private and public (state and local) pension plans . . ....
...This is a for-profit pensions structure that could consolidate old defined benefit schemes — still a drag on corporate balance sheets, but short of the funding levels required for the gold standard surety...
...Since 2021, trustees of the UK’s biggest pension schemes have been required to identify, assess, manage and disclose climate-related risks and opportunities....
...Additional reporting by Harriet Agnew and Emma Dunkley Letter in response to this article: Trustees can make the most of pension reforms / From Rory Murphy, Chair of Trustees, Merchant Navy Officers Pension...
...The Dutch pension fund PFZW yesterday said it had sold €2.8bn of its holdings in oil groups including Shell, BP and TotalEnergies because they were not doing enough to produce credible plans for the clean...
...For the PE shop, the crucial thing is that an insurance subsidiary gives them direct access to retail investors’ capital, which normally they are only allowed to access indirectly, through big pension funds...
...There is talk of consolidation of local authority pension plans, too, but this plan is also not very radical....
...The result is many pension fund trustees are now pondering what discount they should apply to their illiquid assets....
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