So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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Wales and West Housing to deliver 2,500 new affordable homes
The major expansion has been boosted with £37.5m funding from the Pension Insurance Corporation
11:13, 27 APR 2021
BusinessLive -
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Wales and West Housing has secured a £37.5m funding boost to support the building of 2,500 new homes over the next five years.
The housing association has secured long-term repayable finance from the Pension Insurance Corporation (PIC), which has seen its lending to social landlords in Wales now exceeding £200m following its latest deal.
UK specialist insurer Pension Insurance Corporation has appointed Macquarie to manage money on its behalf, focusing on private placements from US borrowers.
By Susanna Rust2021-04-13T14:28:00+01:00
Pension Insurance Corporation (PIC), a £49.6bn (€57.2bn) insurer of defined benefit pensions, is entering the US private placement market via a $60m (€50m) mandate awarded to Macquarie Asset Management.
According to PIC, it has invested in secure, long-term privately-sourced debt since 2012, but nearly all of its investment in this area so far have been in the UK, with a limited proportion in Europe.
In a statement, it said the appointment of Macquarie would allow the insurer to invest in new issuers, sectors and across new geographies, “which will diversify the portfolio and provide better risk-adjusted returns, helping trustees more easily secure the pensions of their scheme members”.