Email Facebook Twitter

Member Info for lorian121

Member Since: Thu, 1st Mar 2012

Number of Share Chat Posts (all time): 19
Number of Share Chat Posts (last 30 days): 0

Last Posted: 22 Apr '14

22 Apr '14

World’s largest asset manager BlackRock foresees UK pensions bonanza


BlackRock, the world’s largest asset manager, is to swoop into Britain’s pensions market with an aggressive challenge to UK life assurers after concluding that the government’s recent reforms could lead to the collapse of the annuities market.

It is the first clear signal that global fund managers are preparing to take on a market from which they were in effect barred until reforms announced in the Budget last month.

13 Jun '12

THE PENSION deficits at Britain’s final salary schemes ballooned to a record £312bn last month as funds were hit by market swings and the effects of the Bank of England’s money printing scheme.

The cumulative deficit of the 6,432 defined benefit schemes jumped £95bn in May and increased by nearly 13 times from the £24.5bn level of a year earlier, said the Pension Protection Fund report.

“This is a big leap further into the red for private sector final salary pension funds and it reflects the immense pressure they are under,” said National Association of Pension Funds chief executive Joanne Segars.

In total the schemes have only 77 per cent of the assets currently needed to pay their pensioners.

The report showed 5,503 of the schemes are in deficit.

The Bank’s £325bn quantitative easing programme could cost Britain’s pension industry £270bn by driving down yields on gilts – a staple investment also used to calculate liabilities – making it more expensive to pay for future obligations, the NAPF estimates.

Over the last month 15-year gilt yields have fallen by 0.55 percentage points, which resulted in an increase in liabilities of 7.6 per cent, the PPF estimates.

24 Apr '12

(Reuters) - Britain's renewable energy market is expected to turn over 24 billion pounds by 2020, more than double what British green energy companies made in 2010/11, a study by consultancy Innovas Solutions said on Tuesday.
19 Apr '12

I think Bernie's next out of the stalls

Boring Bernie : 20th April ( Friday )
13 Apr '12

John Lowry, If a business has been in trouble for n years, it will take n years to get it out of trouble. There’s no such thing as an instant turnaround’

Sign up for Live Prices
Top Recommended
Hot Chat Topics
Top recommended posters in the last 30 days
Share Price SpacerBarksy1578 
Share Price Spacersmokinjoe477 
Share Price SpacerMickeyMasters410 
Share Price Spacerquindell403 
Share Price Spacerscott1984353 
Share Price SpacerValency320 
Share Price SpacerBigGib297 
Share Price SpacerChrisD1975297 

Member Login

Forgotten your password?


Don't have an account? Click here to Register Free!

Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.