Budget

Status
Not open for further replies.
If a person who manages an investment fund is an investment manager, does he stop being one if he is employed by a public body?
 
Sponsored Links
If a person who manages an investment fund is an investment manager, does he stop being one if he is employed by a public body?
Do you know of any?

Surely if you are a decent fund manager making big gains for your clients, you’re not the sort of person who would want a nice job at the council.
 
Do you know of any?

Surely if you are a decent fund manager making big gains for your clients, you’re not the sort of person who would want a nice job at the council.
So you're saying the current managers arnt right t for the job anyway
 
Sponsored Links
investment manager, does he stop being one if he is employed by a public body?
They are run by specialist trustees. MBK Is just choosing to assume these are an elected councillor as it suites his narrative.
 
It would appear Rachel from accounts is say that.
No she is mostly saying that merging the funds allow larger investments and adds reduces risk.

How they are run. They have their own set of laws and also guidance for trustees that include getting investment advice as a must. Council etc defined benefit ones.

She also has an interest in other types of pension funds - size again. Smaller company ones such as the pension I finished up with are handed over completely to specialists. Initially I was in a large company style one and transfer funds were used to start the new scheme.
 
Oh no it doesn't. I just mentions a number of state job pension funds and says nothing about how they are run.


At least partially offset by natural and other types of pay rise.
The government plans to merge the 86 council pension funds - which include £354bn in investments and are run by local government officials - into "megafunds" run by fund managers. BBC article below:

 
As far back as 2007 25% of council tax was used to pay pensions for Council workers, in 2015 there were warnings that would rise to over 30%.
Don't know what the figure is today but if council tax is required for pensions there must be a hell of a deficit in those pension funds.

https://www.thisismoney.co.uk/money/news/article-1611158/25-of-council-tax-spent-on-pensions.html

 
Status
Not open for further replies.
Sponsored Links
Back
Top