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...These “buyouts” — of pension plans and the assets backing them — are regarded as the gold standard for safeguarding benefits....
...Griggs, an auditor, was elected US senior partner in February in a ballot of PwC’s 4,000 US and Mexico partners, beating Kathryn Kaminsky, co-head of trust solutions, and Jenny Koehler, chief investment...
...as part of its investigation into the British Steel workers’ pensions mis-selling scandal....
...Their respective co-heads — Stephan Feldgoise in mergers and acquisitions and Anthony Gutman in European investment banking — have been included in the committee, which has about a dozen members....
...For decades the plans — which promise guaranteed pensions calculated on salary and length of service — formed the bedrock of British workplace pension provision....
...The DWP said it had “co-operated fully throughout this investigation” and that the government was committed to supporting all pensioners in a sustainable way to give them a dignified retirement....
...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....
...— has quite the job ahead of him, which he obliquely nodded to in the pension plan’s statement: “I’m grateful to CalPERS’ leaders for the trust they’ve put in me to help shape the pension fund’s next chapter...
...But earning the trust of the market will require sustainable earnings growth. Just Group will need to work hard to find sufficient investment returns to match the ample supply of bulk deals on offer....
...“We hope our rating will build more confidence for potential investors to co-invest with INA in Indonesia and to obtain trust from our potential financiers as we are an investment-grade organisation,” he...
...by the Department for Work and Pensions....
...Ailman, who has served as CIO of the California State Teachers’ Retirement System since 2000, announced his retirement at a board investment committee meeting on Thursday....
...“It’s a way for conservative investors, or those nearing or in retirement, to stay invested in stocks and get some decent upside,” Chaussée said....
...His retirement plans are now in disarray due to the uncertainty over his financial position....
...investment committee, and an independent trustee....
...UK pension fund values plunged by around £425bn in 2022 as bond market turmoil sparked by Liz Truss’s “mini” Budget led to forced asset selling by retirement schemes, according to a new regulatory analysis...
...The plight of those affected dismays Sir Stephen Timms, the Labour MP who chairs the UK House of Commons’ work and pensions committee. Timms supported the Investment Fraud APPG’s work on the issue....
...The committee said the Ministry of Defence faced a £17bn deficit in its plans to equip the military over the next 10 years and warned that this figure could grow by another £12bn — a shortfall that MPs said...
...The committee cited the example of the BBC highlighting a move of offices within Birmingham as part of the shake-up, while “dissociating” more contentious elements of the plan from the strategy....
...According to a person familiar with the matter, Elliott started building its position in Scottish Mortgage last year and supports the trust’s share buyback plan....
...Trustees of UK pension schemes would be prevented from taking “overly risky” decisions after government plans to ease employers’ access to billions of pounds in pension fund surpluses, ministers said....
...Calpers, the US’s biggest public pension plan, is to increase its holdings in private markets by more than $30bn and reduce its allocation to stock markets and bonds in an effort to improve returns....
...of EnnisKnupp, a consultancy that works with pension plans....
...Thirty-six “master trusts”, the largest workplace DC pension schemes, held three-quarters of the DC pension sector’s £143bn total assets, or £105bn, as of June, according to The Pensions Regulator....
...The writer is a former investment banker in New York, former head of the Chilean wealth fund investment committee and co-author of “The Worth of Art — Financial Tools for the Art Markets” The Chilean pension...
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