DATA-PSST!
C-SUITE PENSION STRATEGIES - C-Suite Pension Strategies
USS materials
Description: "one of ten websites and blogs every investor should bookmark"- The Times.
The phrase “pension superfund” has been hijacked by the Tony Blair Institute to mean a not for profit investment fund that swallows up pension money from DB , DC from the PPF and maybe the tax-payer (if it wants to relieve us of unfunded public sector pension liabilities). It’s also used of Nicholas Lyons proposed £50bn UK Future Growth fund, which is more likely to get off the ground.
But waiting in the wings are two actual Superfunds, which could and should be doing the work that Tony Blair and Nicholas Lyons want doing. Both could be investing in real assets to provide people with pension payments today and well into the future.
The Pension Superfund is the more ambitious of the two , Clara has less ambition and is the first to have got approval from the Pensions Regulator. Clara is not quite the long term investor that the Pension Superfund intends to be, which is why it may have got its approval. However it has yet to announce any clients and as the HSBC master trust has shown, no clients – no future.
DATA-PSST!
C-SUITE PENSION STRATEGIES - C-Suite Pension Strategies
USS materials