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...These “buyouts” — of pension plans and the assets backing them — are regarded as the gold standard for safeguarding benefits....
...Jingsh Law Firm, which is one of the highest-grossing firms in China, has unveiled plans to set up offices in South Korea and Japan this year....
...But Gavin Haran, head of policy for asset management at law firm Macfarlanes, said there were “good reasons” to expect that it would happen....
...The $38tn US retirement system is one of the world’s largest, and US employers were among the first to shift from defined benefit pensions to defined contribution plans....
...The pension tax change is expected to be closely watched by other corporate sponsors of “defined benefit” plans against the backdrop of much-improved funding positions....
...Cameron McCulloch, a partner with law firm Pinsent Masons, said that if handled correctly, the government’s plans to allow surpluses to be returned to employers should be welcomed....
...Some said their future expansion partly depended on a further loosening of labour laws, including around traders defined as “key risk takers”....
...of fees for law firms, banks and consulting firms....
...Rachel Buckley, joint managing director at law firm The Family Law Company, says there are no hard and fast rules when it comes to this type of loan....
...Assets invested in the fund via retirement accounts such as defined contribution plans would be “generally expected” to be transferred into Pimco’s Government Money Market Fund, depending on the terms of...
...Earlier this year the amnesty plan prompted days of street protests by critics who said it shattered the rule of law....
...US pensions: IBM’s decision to reinstate its defined benefit scheme makes good business sense, writes Brooke Masters. Other companies should follow....
...firm....
...Top law firms question the legal soundness of the first bill, the proposed sovereign bankruptcy mechanism under New York law....
...“[WBS] was viewed, outside of government debt, as the gold standard of UK fixed income investment,” said Steve Curtis, a finance partner at law firm Latham & Watkins who has advised on a number of water...
...Peter McDonald, a partner at law firm Allen & Overy, said reforms would increase the cost of completing mergers for larger companies and raise the risk of tougher regulatory intervention....
...New data shows leading law firms hired hundreds fewer ethnic minority candidates last year. Some good news A town in Finland is set to benefit from the world’s biggest sand battery....
...After all, these underpin the value of everything from defined benefit pension rights to defined contribution lump sums, life insurance policies, wealth management and many other products....
...Ultimately, the environment remains difficult for individuals or advisers to plan due to a lack of detail about how exactly future reforms would work....
...The judgment was “hugely important” and restructuring experts would be “poring over” it, said Kate Stephenson, partner in European restructuring at law firm Kirkland & Ellis....
...In the UK, corporate policies on relationships with colleagues remain relatively rare, says Jon Fisher, partner at law firm Pinsent Masons. They are more common in the US....
...Another potential plan was for employers to be given easier access to defined benefit pension fund surpluses to encourage schemes to invest in riskier assets that could help boost the economy....
...For some firms, joining forces to produce scale may be a better long-term plan....
...“If you’re trading your retirement plan intraday, probably your adviser will grab you by your lapels and say ‘please stop’,” said Jeremy Senderowicz, an attorney with law firm Vedder Price....
...Portfolios of private assets are being dumped by so-called defined benefit pension schemes — funds offering members a set amount in retirement — as they try to prepare themselves for a buyout by an insurance...
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