Hints and tips:
...“A forced sale may only be possible at a steep discount to a more reasonable transaction price later,” said plan administrator Donald Kendig....
...(FT) Pension problems Huge falls in the value of investments have strained US pension plans that were already facing a wide gap between what they owe and they can pay out....
...Last year, 20-odd individuals made donations to help with its pension deficit and keep the newspaper afloat....
...The 1984 case, formally known as “Chevron USA Inc v Natural Resources Defense Council Inc” formalised the legal doctrine that requires judges to defer to administrative agencies’ interpretation of federal...
...The group’s US owner went into bankruptcy protection last year, although its British arm had until Wednesday escaped collapse several times....
...Its administrators PwC said the group had gone into insolvency proceedings after it “experienced a decline in performance as a result of the softening of consumer demand in what has been a challenging retail...
...Pension liabilities often end up with the UK Pension Protection Fund. In a CVA, none of these stakeholders are directly affected....
...Talks between the groups will continue on Wednesday, but unless concessions are made, Toys R Us will be forced to call in administrators by the end of the week, according to a person close to the talks....
...In the past, the US parent group has waived licensing and royalty fees for the use of the Toys R Us name in the UK. Apparently, the New Jersey group’s bankruptcy precludes that happening this time....
...Perhaps the biggest zombie still waiting for its reckoning is radio group iHeart Media ($25bn, and formerly known as Clear Channel)....
...A separate case due to start later this month will rule on Canary Wharf Group’s claim against Lehman Brothers Ltd for unpaid rent on the bank’s former European headquarters at 25 Bank Street....
...Revenues have dropped from over 50 per cent to 38 per cent of the group total over eight years, according to S&P Global....
...Fidelity, which is the largest administrator of defined contribution pension plans in the US, and one of the largest brokers and managers of mutual funds, hopes to gain from policy action because the sooner...
...Earlier this year, the commodities group, which is wrestling down a heavy debt load, agreed to sell a 40 per cent stake in the same business to Canada Pension Plan Investment Board....
...Buffett bet backed by pension money A takeover of Berkshire Hathaway’s largest pension funds allowed Warren Buffett’s two investment protégés, Todd Combs and Ted Weschler, to make bigger bets like the $1bn...
...Asset managers are preparing for the arrival of Ucits V in March, which will introduce new rules on asset managers’ pay....
...Aberdeen Asset Management and Canada Pension Plan have also voiced opposition to the deal, as has the local company Ilsung Pharmaceuticals, which holds 2 per cent....
...Ms Gottschalk, who previously served as deputy city manager for Tucson, succeeds Donald Rohan, the interim administrator....
...TPG’s fundraising comes as the group is in the early stages of management change....
...These pensions had been left in doubt by the US group’s insolvency in 2008....
...Begbies Traynor, the administrator, and the PPF agreed that the collection could be sold to the nation for £15.75m provided the sale could take place by the end of November....
...Kansas City-based JPMorgan Retirement Plan Services is the administrator, or record keeper, for 200 pension clients, covering 1.9m Americans with $167bn in savings....
...3 days Anna Thal Larsen Partner for global retail practice, Bain & Co, 4 days Chris Ward Chief executive, Blue Dot World, charity support, 3.5 days Sally Bridgeland Chief executive, BP Pension...
...Based on responses from more than 700 asset managers, pension schemes, consultants, distributors and fund administrators from 29 countries, with combined assets of $27.4tn, the report also paints a gloomy...
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