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...Simon and Helen Hume-Kendall had been accused in High Court proceedings of benefiting from a “Ponzi scheme” that extracted funds from 11,600 investors in one of the country’s biggest retail savings scandals...
...If China wants the mercantilist solution to excess savings it will have to fund smaller emerging and developing countries. It can pretend these are loans....
...The FSB did not name specific institutions, but referred to strategies related to recent market ructions, such as the default of Archegos Capital Management in 2021 and turmoil in the US Treasuries market...
...At first glance, the FSB’s approach looks sensible. The idea is to classify funds into buckets, depending on how illiquid their underlying holdings are judged to be....
...This Asian savings glut was then supplemented by Japan, where an ageing population meant lower investment opportunities and higher savings as baby boomers approached retirement....
...Hedge funds, private equity and venture capital firms, as well as pensions, university endowments and investment giants such as BlackRock and MSCI, have been scrutinised, called for questioning or targeted...
...EU regulators will dig deeper into the links between banks and other financial firms such as hedge funds, said the chair of the European Banking Authority, as concerns mount about the potential for contagion...
...Putnam had about $18bn in stable value products, as well as target-date products, Spector noted....
...The name change was one of several steps set out by 888 on Tuesday, including a focus on its core markets of the UK, Italy, Spain and Denmark as well as cost-saving measures....
...Having sold the stake in the ETFs business and an infrastructure investment business, he is now focusing on active equity management as AssetCo battles negative investor sentiment and volatile markets....
...For one thing, the financial savings are trivial....
...The industry has been further held back as the cost of living crisis has exacerbated the gulf in savings between men and women, hitting female investors and founders....
...Funds will also have to publish data comparing their performance to rivals and poorly performing schemes will be banned from taking on new business....
...Fink described the mismatch between what Americans were saving and what they would need as “a problem so big and urgent that government and corporate leaders [need to] stop business as usual [and] step out...
...“There’s a lack of investment because it’s not a good place to do business.”...
...as business and technology, rather than more general areas such as politics, said a person familiar with the plan....
...It is all very well to discuss wealth funds, as Sarah Gordon does (“How to design a UK wealth fund is baffling Labour and the Tories”, Opinion, January 5), but Britain’s problem is more basic than that....
...And big institutional investors, such as pension funds, still want to put their cash piles to work. Indeed, there remains plenty of interest in market-beating trades....
...Two of Thames Water’s largest shareholders — the pension funds USS and Omers — have already taken significant writedowns on investments funded by retirees’ savings....
...At the same event, the Pensions and Lifetime Savings Association, which represents the UK’s £1tn pensions sector, said the government should not tell pension funds how to invest....
...Those powers could include a ban on funds taking on new business from employers....
...The ECB is likely to encourage this recovery, with rate cuts and monetary and fiscal policy working in the same direction, as the recovery fund is increasingly spent in the eurozone....
...Countries around the world are struggling to fund old age benefits as longevity increases, but the US has a particularly acute problem, as more than 4.1mn Americans retire annually — or a predicted 11,200...
...One initiative encourages households to invest their savings by expanding the investment limits and scope of Japan’s tax-free savings accounts....
...While LCF purported to use the funds to provide much-needed finance to small and medium-sized enterprises, “in reality most of the borrowers couldn’t really be said to be carrying on any business at all”...
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