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...But thousands of former Debenhams employees subsequently suffered cuts to their expected retirement benefits under the Pension Protection Fund’s reduced compensation terms....
...The writedown is also more than double the cut taken in percentage terms on Thames Water in 2022 by the utility’s biggest investor, the Ontario Municipal Employees Retirement System, one of Canada’s biggest...
...The UK’s largest private-sector retirement plan and hundreds of universities have warned the pensions watchdog that its shake-up of rules risks damaging economic growth and the education sector....
...One day after April Fools’, the $495bn California Public Employees’ Retirement System has announced that another sucker has decided to subject themselves to what might be the worst job in the entire global...
...The California Public Employees’ Retirement System has named a former top executive at the New Zealand sovereign wealth fund to direct the largest US public pension plan’s investments following the abrupt...
...A proposal to increase the $483bn fund’s positions in assets such as private equity and private credit from 33 per cent of the plan to 40 per cent was approved on Monday . . ....
...The portfolio shake-up, which was confirmed after a scheduled asset allocation review, will bring the California-based plan into line with other big retirement systems in the US, including Calstrs, which...
...Starting about 40 years ago, they essentially transferred responsibility for funding retirement from employers to employees....
...Britain’s £1.4tn DB retirement system serves about 10mn retired and current private-sector employees....
...That fairy tale ending disappeared for many Americans in the 1980s, when most new employees started to be shunted into a new retirement option....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...Now the BoE plans to stress test insurers on their exposure to reinsurers through a flurry of corporate pension deals, as concerns mount about the risk posed by offshore arrangements to UK retirement savers...
...Almost all other government employees don’t. As such, the Treasury’s largest cohort of creditors include nurses, teachers, civil servants and soldiers....
...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”....
...Ailman’s comments come as he prepares to “pass the baton” to a successor from June after announcing his retirement last month....
...Under the proposals, regulators will be given powers to stop poorly performing retirement funds from taking on new workplace pension business....
...Institutional investors that sided with the activist proposals include Norway’s sovereign wealth fund, the Canada Pension Plan Investment Board, California Public Employees’ Retirement System and the California...
...Instead, the employer chooses a retirement plan on behalf of the workforce....
...Currently set at 66, ministers have delayed plans to raise it until after next year’s general election....
...There are concerns that a shift to a “pot for life” approach could result in people choosing poorer quality pension plans....
...Before the introduction of automatic enrolment in 2012, just 55 per cent of eligible employees saved into a workplace pension....
...The larger pensions annual allowance of £60,000 gives readers more scope to cut their tax bills and boost their retirement prospects....
...Soon afterwards, Nippon said it did not plan to close plants or lay off staff before the USW’s employment contract expired in 2026....
...In an emergency decree published in December, Milei enabled the state to hand over Aerolíneas’s shares to its employees....
...The business was purchased in 2018 by Blackstone Core Equity Partners, a long-hold buyout fund whose investors included Canada Pension Plan, NY State Common Retirement Fund, North Carolina Retirement Systems...
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