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...The government is pushing ahead with a controversial proposal to expand the role of the UK’s pension lifeboat fund as it looks for ways to unlock billions of pounds of retirement fund capital to boost economic...
...More than half of BlackRock’s $10tn in assets under management are retirement savings, including institutional pension funds, corporate defined contribution plans known as 401(k)s and individual accounts...
...Millions of Americans are at risk of running out of savings in retirement,” said Catherine Collinson, president of the non-profit Transamerica Center for Retirement Studies....
...The study assumes that the hypothetical couple saves 10 per cent of gross income, and then starts off draining 4 per cent of those funds a year at retirement....
...Yvonne Braun, director of long-term savings at the Association of British Insurers, welcomed the plans to compare the performance of pension providers....
...Fink described the mismatch between what Americans were saving and what they would need for retirement as “a problem so big and urgent that government and corporate leaders [need to] stop business as usual...
...millions of Britons to the world of investment and saving....
...These are part of chancellor Jeremy Hunt’s efforts to stimulate the economy by unlocking billions of pounds of retirement savings to invest domestically....
...The firm’s ETFs, the first of which launched in 2013, would “probably cannibalise some of the mutual funds”, Johnson said, but mutual funds would remain popular in the retirement channel, she added....
...Furthermore, mutual funds remain the top vehicle for US workers who are saving for future retirement....
...Any discussion about how to attract more investment into UK infrastructure, start-ups or equities now involves Britons’ retirement savings....
...The rising costs of retirement were underlined last week in revised estimates for the minimum annual income required for a “comfortable” or “moderate” retirement by the Pensions and Lifetime Savings Association...
...Older investors are putting more of their savings into growth and technology investments, defying the conventional wisdom that the over-65s should avoid riskier assets....
...“There seems to be a presumption that anyone who has taken control of their own pension savings must be vulnerable or stupid, and that anyone choosing flexible drawdown over converting funds into an old-fashioned...
...But there are reasons to doubt it, from shifts in the balance of savings and investment to higher levels of government debt....
...If your fund is at or near the old lifetime allowance, the possibility of a reintroduction of a cap on lifetime pension saving needs to be weighed against the other incentives....
...In his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...billions in fiscal savings....
...for retirement”, according to a statement from the lawmakers....
...Now, less than a year from a general election and a few weeks from the end of the tax year, there’s a pressing question for wealthier pension savers of retirement age....
...Under the proposals, regulators will be given powers to stop poorly performing retirement funds from taking on new workplace pension business....
...This Asian savings glut was then supplemented by Japan, where an ageing population meant lower investment opportunities and higher savings as baby boomers approached retirement....
...Any pension fund passed on at death falls outside the total assessed for inheritance tax....
...British retirement funds hold more than £1tn in assets on behalf of tens of millions of savers but they have come under fire from policymakers and City asset managers for allocating more cash to global equity...
...It’s continuing the trend of making what should be the simplest savings vehicle into a complex swath of variants and rules....
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