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...of EnnisKnupp, a consultancy that works with pension plans....
...Patrick O’Hara, director of responsible investment and engagement at LGPS Central, which oversees £55bn in retirement savings for 1mn local government employees, said the pension scheme would have welcomed...
...assets — had resulted in a “significant income stream” for the retirement plan....
...The $38tn US retirement system is one of the world’s largest, and US employers were among the first to shift from defined benefit pensions to defined contribution plans....
...The typical Gen X household has just $40,000 saved for retirement, and 40 per cent of their 401k plan balances are zero....
...The BlackRock chief also warned that the rise of defined contribution pension plans had combined with the growing strain on the social security government retirement programme to leave the US particularly...
...The pension system, in which workers pay into individual accounts managed exclusively by private investment funds, forms the backbone of capital markets that have helped the country become one of Latin America...
...The rise of defined contribution pension plans combined with the growing strain on the social security government retirement programme had left the US particularly unprepared for a huge increase in the retiree...
...Calpers, the $452bn retirement plan that is America’s biggest, is in the advanced stages of appointing a replacement for its former CIO, Nicole Musicco, who resigned in September last year for family reasons...
...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...
...Ailman’s comments come as he prepares to “pass the baton” to a successor from June after announcing his retirement last month....
...The head of one of the world’s biggest pension funds has said UK retirement plans should not be told where to invest their money, as the government sets out plans to funnel more cash into unlisted assets...
...Plan Investment Board....
...More than $10.4tn is in US defined contribution pension plans, and another $5.8tn is in individual retirement accounts, per the ICI....
...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...
...Here, it was America first. But we never said Europe first,” she said....
...Job moves Calpers private equity head Yup Kim is leaving the US’s largest public pension fund to become chief investment officer of the Texas Municipal Retirement System....
...Unions are urging the party’s leadership to scrap rises in the state pension age, saying they could push retirement out of reach for today’s young....
...One option on the table is a plan by the Tony Blair Institute, a think-tank, for tens of thousands of public and private sector pension plans to be pooled into “GB superfunds” that would invest in UK start-ups...
...The San Francisco hedge fund, which owns about $500mn worth of Disney shares, has come out in support of Iger’s plan to reinvigorate the flagging media giant....
...Bank of America chief Brian Moynihan, 63, and BlackRock boss Larry Fink, 70, have both indicated they have no plans to retire....
...That’s because they’re mostly regular-ass people who use the TreasuryDirect system to buy bonds for their retirement accounts. Not anymore, though!...
...However, they warned that if bond yields continued to rise it could force some pension plans to dump less easily traded assets....
...Brian Moynihan, the 63-year-old chief executive of Bank of America, last year told The New York Times he had no plans to retire....
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