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...While there is no certainty of how big retirement pots will be in the new system, DNB, which supervises pension funds, said there would be more transparency about retirement savings under the changes....
...McCall credited the Biden administration’s pro-industrial economic policies with creating more job and retirement security for his members....
...State Street Global Advisors developed a new product for the $32bn University of California retirement system aimed at this issue....
...Some private equity managers have taken steps to ensure that employees at companies they own can share in the profits, if the firm performs well....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...Ailman’s comments come as he prepares to “pass the baton” to a successor from June after announcing his retirement last month....
...Steven Meier, chief investment officer of the $264bn New York City Employees Retirement Systems, said his fund was expanding into private credit when “everyone else has pulled back”....
...Meanwhile, offsetting changes to the benefit system have cushioned the impact of stagnating incomes and the surging cost of living for lower-income households....
...State Teachers Retirement System....
...Pension fund investors in Blackstone from New York, North Carolina and Denmark were publicly critical, as was the California Public Employees’ Retirement System (Calpers)....
...Despite the triple-lock mechanism to protect against inflation, the state pension doesn’t afford its recipients dignity in retirement....
...Cliff White headed the Justice Department’s bankruptcy “watchdog” unit, the US Trustee Program, for 17 years prior to his retirement in 2022....
...It was 2003 when the 98 state-of-the art machines were erected. Now their age is showing....
...Big reforms to the UK pension system, expected to boost the retirement pots of young workers by tens of thousands of pounds, may not be implemented until 2025, warn experts....
...Pensions Hunt unveiled a shake-up of the pensions system aimed at giving workers greater control over where they build their retirement funds....
...The California Public Employees’ Retirement System has named Stephen Gilmore, the former chief investment officer of the NZ$73bn (US$43.5bn) New Zealand Superannuation Fund, as its chief investment officer...
...Two months later, the firm named former California Public Employees’ Retirement System investment manager Matt Cole as its first chief executive....
...Steven Meier, chief investment officer for the $250bn New York City Retirement System, said rising interest rates “changes the dynamic in terms of what you need to invest in — you really don’t need to have...
...how we run our financial system....
...And so we’re very focused on how do we help individuals be prepared for retirement? How do we help employers help their employees be prepared for retirement?...
...backgrounds and ages might contribute through national insurance versus how much they might receive from the new state pension in retirement....
...This week Christopher Ailman, chief investment officer of the $306bn California State Teachers’ Retirement System, told the Financial Times he estimated office values had fallen by about 20 per cent and...
...The California State Teachers’ Retirement System and California Public Employees’ Retirement System — two of the largest US public sector pension funds — said last month their private equity portfolios delivered...
...It would be a much better system....
...We need a more productive state not a bigger state. In Autumn 2022, I set day to day spending to increase by 1% a year in real terms over the next parliament....
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