Hints and tips:
...The £515mn increase in debt at Kemble has pushed the group’s consolidated borrowings to over £18bn, having risen from just over £15bn as of March 31 2022....
...In 2019, White didn’t know how much pension she had or where her old pensions were. So, she signed up to provider Penfold, found all her old pension information and consolidated them into one scheme....
...The leftist president had already upset business leaders with an abrupt move away from oil and mining and unnerved the middle classes with plans to nationalise pensions and health....
...We will soon have a “consolidated tape” — a single, real-time view of EU trading data (currently spread across many different sources)....
...At the end of 2022 there were around 27,000 UK DC pension plans, with 85 per cent reporting fewer than 12 members. UK pension plans’ investment remains heavily focused on listed equities and bonds....
...In December, Octopus raised $800mn from its investors, including Canada Pension Plan Investment Board, in a fundraising round valuing the company at almost $8bn, up from $4.6bn in 2021....
...Thames Water’s overarching group is burdened with a consolidated debt mountain of £18.3bn as of March 31, up from £15.4bn the year before....
...Previously on FTAV: the Pension Protection Fund reckons it would make a great public sector superfund, helping to solve Britain’s under-investment crisis even if its asset allocation plans may, counter-intuitively...
...There is talk of consolidation of local authority pension plans, too, but this plan is also not very radical....
...One option on the table is a plan by the Tony Blair Institute, a think-tank, for tens of thousands of public and private sector pension plans to be pooled into “GB superfunds” that would invest in UK start-ups...
...The Ontario Teachers’ Pension Plan board has appointed Stephen McLennan as chief investment officer in asset allocation and Gillian Brown as chief investment officer for public and private investments....
...On Wednesday a trade body representing thousands of workplace pension plans said it opposed any move to take away full investment freedom from trustees....
...Pension and insurance companies have dumped UK equities, reducing the ability of companies to raise capital and expand....
...In the UK, the closest equivalents to Canada’s public pension plans are the Local Government Pension Schemes....
...Five unmissable stories this week Jo Taylor, chief executive of the Ontario Teachers’ Pension Plan, says the scheme is in “risk off” mode and is expecting a recession in the US, Canada and Europe in the...
...Consolidated profit after tax for the three months to March 31 more than doubled year on year to Rs7.8bn ($95mn), from Rs3.3bn....
...There is also a plan to rejig rules on investment research that made coverage of smaller companies uneconomic. Many other reform plans are afoot....
...Bank of America plans to cut as many as 4,000 jobs before the end of June. Abrdn is axing about a fifth of its multi-asset team....
...Some firms are even offering big backers like pension plans and sovereign wealth funds a slice of the management fee that usually goes to the fund manager....
...The UK government announced plans for a new law last week to make sure a minimum level of public service continues during strikes. But you can’t legislate your way into better labour relations....
...He supports the creation of a handful of large consolidated pension funds, decoupled from corporate sponsors, to deliver a more secure, higher return and more diversified retirement savings system....
...Asset managers in general lag the national leaders, which include Amazon, Meta and Pfizer, according to the Open Secrets website....
...Calpers, the largest US public pension plan, has appointed Daniel Booth as deputy investment chief. He was previously a senior adviser at the UK Infrastructure Bank....
...Aside from extending free childcare to one- and two-year-olds and the improvements on pension allowances, other plans to tackle labour market inactivity included incentives for the sick, disabled and over...
...Pfizer agreed to acquire oncology-focused biotech Seagen for $43bn, the largest pharma transaction since AbbVie agreed to buy Allergan in 2019....
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