Hints and tips:
Related Special Reports
...Mick McAteer, co-founder of the Financial Inclusion Centre think-tank and a former FCA board member, said the stress-test plan was “very welcome”....
...Following confirmation that the BP scheme was considering buy-in options, the pensioners group called on the trustees to commence a full consultation with the plan’s 60,000 beneficiaries....
...Trustees of the M&S pension plan declined to comment beyond the statement on the website. Meanwhile, Diageo said some of its 32,000 pension members had been affected by the incident....
...In his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...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...
...plans or retirement account agreements, Pimco said in the filing....
...I own a successful business in the City and I’m approaching retirement age. I am now beginning to put together a succession plan, allowing the company to survive and thrive after I have died....
...For Mick McAteer, co-director of the Financial Inclusion Centre and a former board member of the Financial Conduct Authority, this is a problem....
...Pension plans for local authority staff in England and Wales will be asked to double their allocations to riskier assets under measures announced in the Autumn Statement aimed at unlocking tens of billions...
...Unlike traditional “defined benefit” pension plans, where retirement income is guaranteed, newer “defined contribution” plans provide no certainty over eventual retirement income, with outcomes largely dependent...
...“The indicative valuation results show a major improvement in the [USS] funding position,” said Dame Kate Barker, chair of the USS board of trustees....
...The vote by the Dartmouth hoops team — 13-2, with 100 per cent of eligible member turnout, to join the local Service Employees International Union Local 560 chapter — is the most significant progress towards...
...Hunt will also set a March 2025 deadline for dozens of local authority pension funds to pool their assets so they can benefit from economies of scale....
...The final shape of Hunt’s plans — which will cover defined benefit, defined contribution and local government pension schemes with tens of millions of members — is due to be set out in his Autumn Statement...
...Another proposal being considered by ministers is to consolidate hundreds of subscale pension plans into larger pools of assets that would benefit from lower running costs and greater diversification....
...Chevron face sceptics after its Hess mega-deal Things were going so well for Chevron last July that the company’s board waived its mandatory retirement age of 65 for CEO Mike Wirth, citing the “extraordinary...
...There is talk of consolidation of local authority pension plans, too, but this plan is also not very radical....
...Mick McAteer, co-founder of the Financial Inclusion Centre and a former board member with the Financial Conduct Authority, said the move was “unnecessary and counterproductive”....
...The Pensions Regulator wrote to more than 300 pension funds, which include a mix of private-sector defined benefit and defined contribution schemes, according to a person familiar with the matter....
...Foroohar: You’ve got companies like Trader Joe’s, SpaceX and Amazon that want to overturn the legality of the National Labor Relations Board, which is the federal agency that protects the rights of workers...
...In the UK, the closest equivalents to Canada’s public pension plans are the Local Government Pension Schemes....
...Mick McAteer, co-founder of the Financial Inclusion Centre, and a former board member of the Financial Conduct Authority, said the UK did not have anything like the collective risk-sharing mechanisms that...
...There is therefore a tension between managing asset/liability mismatch (i.e. buying gilts to match liabilities) and generating the returns required in the funding plan to meet benefits in full....
...Well, first we need to talk a bit more about these retirement plans. So let’s dive in. Back then in the 1990s, if you had a pension in the UK, it tended to be what’s called a defined benefit pension....
...John Ralfe, an architect of the deal that saw the Boots scheme switch out of equities and into bonds in 2001, maintains that a defined benefit pension plan should be thought of as an unconsolidated subsidiary...
International Edition