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...Many pension plans are also obliged to make payouts to their beneficiaries, forcing them to resort to the secondary market to raise cash more quickly....
...Industry-level aggregate data from the Pension Protection Fund shows that UK defined benefit pension plans invested 10 per cent of their equity allocations into domestic listed companies in 2022, down from...
...The government has drawn up contingency plans for Thames Water dubbed Project Timber under which the business would be nationalised and split in two, with its debts expected to go on the public balance sheet...
...These “buyouts” — of pension plans and the assets backing them — are regarded as the gold standard for safeguarding benefits....
...Our plan is that workplace pensions would be attached to a worker and go with them when they change job....
...Making flexible withdrawals from your pension pot — or drawdown — remains the most popular retirement income option, according to new data from the Financial Conduct Authority....
...Market-based cash-balance plans pool resources and offer the option of payments for life like a traditional pension, but the final payout is based on the plan’s investment returns, limiting the employers...
...The current rules, which differ from plan to plan, make it difficult or in some cases impossible to tap excess cash and are designed to protect members’ benefits which need to be funded during their lifetimes...
...Most Gen Xers have 401k plan balances that are woefully inadequate to fund a long retirement....
...Last year, chancellor Jeremy Hunt announced plans to relax the tax charge on surplus funds extracted by employers from company pension plans, with the changes to come into effect in April....
...Today schemes like the Ontario Teachers’ Pension Plan rank among the largest and most sophisticated institutional investors in the world....
...Some of the UK’s biggest pension plans are taking advantage of steep price discounts to snap up real estate and other private assets, as fellow retirement funds put their harder-to-sell holdings on to the...
...The company argues it has enough cash to last for 15 months, or until July next year....
...So possibly the proposal could be reversed with all local authority funds handed to the government (which could certainly benefit from the cash) and the liabilities placed off balance sheet (where the implicit...
...But I think it’s unlikely any government would raise the tax-free cash on pensions higher than 25 per cent. Hamlet’s financial adviser is taking a wait-and-see approach. He’s not alone....
...It’s distilled into formulas that most of our pensions follow....
...US public pension plans that manage hundreds of billions of dollars of assets are increasingly turning to risky leverage strategies as burgeoning private market holdings create cash flow strains....
...The lawyer from Newcastle upon Tyne plans to live off cash savings and a small investment income until he’s 60, when he is looking at buying an annuity, a guaranteed income for life....
...Four public pension plans with more than $4bn allocated to China-focused private equity funds told the Financial Times they were ready to delay redemptions from investments nearing the end of 10-year lifespans...
...Consultancy Bain & Co has warned of a “towering backlog” of companies that must be sold so cash can be returned to investors such as public pension funds which have become overexposed to unlisted investments...
...His retirement plans are now in disarray due to the uncertainty over his financial position....
...Other measures have included a warning to investment and pension platforms that the regulator will intervene if they unfairly withhold interest payments on customers’ cash balances or charge excessive fees...
...Thames Water on Monday updated its business plan to increase the amount it plans to spend on its network to combat environmental issues such as sewage spills by £1.1bn to £19.8bn....
...“More and more clients are keeping a higher balance of cash [to] meet their liability discharges,” he said....
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