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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....
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...contributions are invested and their income in retirement depends on the performance of those investments....
...Grant Thornton declined to comment and the Northumberland county council did not respond to a request for comment....
...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...
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...And remember, while higher rates helps private credit funds through higher payments from borrowers, those funds also carry debt of their own, to amplify returns....
...the fund and notes from its board meeting....
...The California Public Employees’ Retirement System has named a new chief investment officer to replace the former CIO, who in 2023 left the job after less than two years....
...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....
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...Pension fund investors in Blackstone from New York, North Carolina and Denmark were publicly critical, as was the California Public Employees’ Retirement System (Calpers)....
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...These are risks that every private pension scheme and sovereign wealth fund faces today. But for these risks, such funds have been rewarded over long-term horizons....
...It added that the transition board would help support affected employees and the local economy, and would be chaired by Welsh secretary David Davies....
...The Living Wage Foundation, a charity, in March launched a new “living pension” standard to increase minimum employer contributions to 7 per cent from 3 per cent now, on top of the 5 per cent paid in by employees...
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