Hints and tips:
Related Special Reports
...They really need to be talking to market makers like local funds and asset managers and I still am not seeing that,” said one Singapore-based hedge fund executive....
...Led by pension funds and endowments, big investors sold 99 per cent of their private equity holdings at or below their net asset value on the secondary market last year, according to Jefferies, the most...
...“The FCA doesn’t determine policy on pensions — the chancellor does,” said one. “The FCA should stop trying to make policy....
...An FT investigation last month also revealed that more than £120mn of Warrington’s investments have links to Monaco-based hedge fund manager Lee Robinson, who one council officer likened to star footballer...
...The Local Government Pension Scheme has more than 6mn members. If it were a single fund, it would rank among the top 10 biggest in the world, with more than £365bn of assets....
...In a move that will increase pressure over funds with significant allocations offshore, the chancellor confirmed he would introduce a new requirement on defined contribution pension funds, and local authority...
...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 his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...On one hand, leading one of the world’s biggest pension plans should be incredibly desirable....
...And one interview to start: Europe is less hard-working, less ambitious, more regulated and more risk-averse than the US, according to the boss of Norway’s giant oil fund, with the gap between the two continents...
...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 lifetime allowance may have gone away, but the need to keep records of all of your pensions, including ones you’ve taken in the past, has not.”...
...One is only taking the “natural income” to avoid drawing on the capital. This means only the bond, dividend or rental income generated by the fund or portfolio is available for withdrawal....
...The City of London Corporation, which has collaborated with the government to channel long-term capital from pension funds into UK companies, said the chancellor’s new pension measures would “turn the dial...
...The damage was particularly acute in LDI pooled funds, which are managed for mainly smaller pension funds....
...In 2019, White didn’t know how much pension she had or where her old pensions were. So, she signed up to provider Penfold, found all her old pension information and consolidated them into one scheme....
...The $38tn US retirement system is one of the world’s largest, and US employers were among the first to shift from defined benefit pensions to defined contribution plans....
...That figure is roughly one-tenth of 1 per cent of BlackRock $10tn in assets under management, and some Republican state pension funds still have well north of $20bn parked with the money manager....
...No one seems to have told the UK Pensions Ombudsman, but that’s another story....
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...Jonathan Booth, 64, from Hertfordshire, is one of around 17,000 customers of the Bristol-based Hartley Pensions who have been unable for 18 months to transfer their funds — totalling about £1.3bn — to other...
...“Private equity is undergoing a reset as tailwinds are now becoming headwinds,” said Scott Chan, deputy chief investment officer at Calstrs, the US’s second-largest pension fund....
...One member said his €1,700 monthly pension was all he had to live on after paying for health insurance....
...Crystallising is the process of accessing the funds in your pension. Usually, to activate the process, you extract the first 25 per cent of the amount you hold in your pension as a tax-free lump sum....
...One size fits most is no longer good enough, but the problem is what to replace it with? People find pensions confusing and depressing....
International Edition