Pension

Stay informed with free updatesSimply sign up to the Pensions industry myFT Digest -- delivered directly to your inbox.UK venture capitalists are discussing new ways to structure their funds as part of an agreement designed to support the government’s efforts to unlock British pension investment in high-growth companies.The British Private Equity & Venture Capital Association (BVCA) wants to enlist about 20 funds in a “Venture Capital Compact” as part of the government’s Mansion House initiative, people familiar with the matter said.Though the compact has not been finalised, likely signatories include...

A view of the British capital's twin financial powerhouse, the City of London and Canary Wharf, in London, Britain March 19, 2023. REUTERS/Yann Tessier/File Photo Acquire Licensing RightsLONDON, Oct 16 (Reuters) - Brookfield (BN.TO), through its affiliate Brookfield Reinsurance (BNRE.N), is weighing entering Britain's burgeoning pension insurance industry and is open to an acquisition to bolster growth, three people familiar with the matter told Reuters. The company is scanning the market for potential deals to access the bulk annuities space, where possible targets could include companies like Just Group (JUSTJ.L)...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Italian prime minister Giorgia Meloni plans to spend €24bn on tax cuts and public sector pay rises next year to spur consumption and support faltering growth, despite investors’ concerns about the country’s finances. After her Cabinet approved next year’s budget on Monday, Meloni said her three-party, rightwing coalition was working to fulfil the promises made during last year’s election, despite pressure on the public finances.“It is a budget that I consider very...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.‘Treasury-supply-is-lifting-yields’ is the Rasputin of bond market narratives, simply refusing to die whatever the actual evidence indicates. To be fair, it’s understandable that the US running a near $2tn annual budget deficit at a time when the economy is strong would freak some people out. Speaking to bond folks it seems plausible that the narrative of supply is leading to at least some of the recent yield uplift. But to paraphrase Jurassic...