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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...
...Its investors include state pension schemes in California, Texas, Florida and Iowa as well as investment funds in Canada, Australia and across Europe....
...“No substantial information was disclosed” to creditors in the prior months, it states, adding that a “total loss” is now expected on the missing funds....
...Last week, the Financial Times reported the UK was preparing to unveil a new investment vehicle overseen by the state intended to turbocharge pensions funds’ investments in high-growth private companies....
...The UK government is set to soon unveil plans for a new investment vehicle overseen by the state that is intended to turbocharge pensions funds’ investments in high-growth private companies....
...The Barclay family has pledged its remaining primary UK businesses as security to loans provided by IMI, the Abu Dhabi investment fund, as part of a deal to buy the Telegraph, according to filings....
...Already the federal government has to subsidise Germany’s statutory pension fund to the tune of €110bn a year — almost a quarter of the entire state budget....
...That figure is roughly one-tenth of 1 per cent of BlackRock $10tn in assets under management, and some Republican state pension funds still have well north of $20bn parked with the money manager....
...California’s Calpers as well as state funds in Wisconsin and Texas are among the large funds already using leverage as part of their strategies....
...The pension funds and insurers the author mentions tend to be on the receiving, not the profiting, end of such free riding, so protections against free riding will benefit them too....
...Unless you opt out of this strategy, most pension providers will start to de-risk savers’ investment portfolios six to 10 years before their intended retirement date (typically the state pension age, though...
...Ailman, who has served as CIO of the California State Teachers’ Retirement System since 2000, announced his retirement at a board investment committee meeting on Thursday....
...Some readers argue that if you believe the state pension will continue to be index-linked a level annuity will be fine alongside it....
...Private equity executives need to “share the wealth” they create with workers at the companies they buy, according to the investment head of Calstrs, the giant US pension fund that is one of the world’s...
...News round-up Apollo, Carlyle and KKR weigh bids for Pension Insurance Corporation (FT) US fund Corvex urges Entain to turn around ‘unacceptable’ performance (FT) Campari buys Courvoisier Cognac from...
...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...
...These include creating a state-owned asset manager, or divesting part of the workers’ contributions to a common “solidarity” fund....
...Crucially, under their plan, Chileans will still be able to choose private funds to invest their pensions in, though a state-run investing alternative will also be created....
...The funds have been awarded by the British Business Bank, a state-owned lender.The money is part of the government’s ambition to encourage pension schemes to invest more in unlisted UK companies....
...State Teachers Retirement System....
...Glenn Hegar, the state’s Republican comptroller, went further in late 2022 when he named 10 firms and more than 300 funds targeted for divestment by Texas pension funds and other state endowments such as...
...Both parties hope to attract big pools of institutional capital, particularly pension fund assets. Pension assets in the UK total £2.5tn....
...One thing to start: Rishi Sunak, UK prime minister, is considering introducing new powers to allow ministers to prevent a foreign state from owning a British news organisation....
...It’s worth noting that almost 98 per cent of victims, including 50 US states, have signed on to the present deal....
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