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...The writedown is also more than double the cut taken in percentage terms on Thames Water in 2022 by the utility’s biggest investor, the Ontario Municipal Employees Retirement System, one of Canada’s biggest...
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...It’s not fair to ask taxpayers to pay for more when public service productivity has fallen. Nor would it be wise to reduce that funding given the pressures that public services face....
...I also want to create opportunities for a new generation of retail investors to engage with public markets. I will reform the Isa system to encourage more people to invest in UK assets . . ....
...while being fair to young and old....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...There are few voices of the struggling employees....
...The $478bn California Public Employees’ Retirement System said Nicole Musicco, a private markets specialist, would take over the high-profile position....
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...“I could have sat [at Rolls-Royce] until retirement but, I know this sounds corny, I wanted to do something for the greater good,” McIntosh says....
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...Michela TinderaKadhim says it’s tough to know even today exactly how many employees work at Tether because Tether and Bitfinex are so interrelated....
...“But if it was fair and proportionate I think the public would back it.”...
...John Ralfe, an independent pension consultant, argues the system is fair already because more affluent workers pay more tax....
...“It is not fair.”...
...Elected officials and public employees in California who make influential decisions are required to submit a statement of economic interest, also known as a Form 700....
...The 10 per cent contribution rate is low, and paid fully by employees with nothing from employers except disability insurance....
...Ben Meng’s abrupt departure from the California Public Employees’ Retirement System has opened up one of the highest-profile investment jobs in the US....
...The 47-year-old has seen her fair share of tumult during her nearly 13 years at Pera and its predecessor, the Denver Public Schools Retirement System....
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...special privileges in the form of high pensions and early retirement to groups such as railway employees and Paris bus drivers....
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