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...One example is the $137bn New York State Teachers’ Retirement System, which sold 34 private equity holdings with $3.5bn in total commitments on the secondary market at the end of last year....
...Razom also arranged for a helmet and letter from Ukrainian firefighters on the front line with Russia to be sent to Johnson, whose late father had served as a firefighter in Shreveport, Louisiana....
...The eldest of four children, his life changed at 12, when his firefighter father survived an explosion but was left disabled, having received burns on more than 80 per cent of his body....
...One day after April Fools’, the $495bn California Public Employees’ Retirement System has announced that another sucker has decided to subject themselves to what might be the worst job in the entire global...
...In the aftermath of the blaze, Danish firefighters called for more to be done to secure historic buildings, something France worked hard on after the Notre-Dame fire....
...The plan is designed to alleviate pressure on a pension system that is expected to come under huge strain in the next few years as a whole generation of “baby-boomers” born in the 50s and 60s enters retirement...
...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...
...Fink’s letter raised issues more than it suggested concrete solutions, but he wrote that Japan had found ways to encourage people to stay in work longer and that Australia’s national retirement savings system...
...State Street Global Advisors developed a new product for the $32bn University of California retirement system aimed at this issue....
...In its announcement of the change, Calpers said that Private equity will increase from a target of 13 per cent of the fund to 17 per cent while private debt will increase from 5 per cent to 8 per cent ....
...The portfolio shake-up, which was confirmed after a scheduled asset allocation review, will bring the California-based plan into line with other big retirement systems in the US, including Calstrs, which...
...The Texas Retirement System incorporated leverage within its individual asset allocations in 2019 to improve the “risk return profile” of the fund....
...Britain’s £1.4tn DB retirement system serves about 10mn retired and current private-sector employees....
...Poorly performing pension plans will be banned from taking on new business as part of a major shake-up of Britain’s £120bn workplace retirement market, under government plans unveiled ahead of next week’...
...And at retirement a single large pot will attract better annuity rates and access to a wider range of post-retirement options....
...the lifetime provider model as a solution to the build up of small pension pots in the system....
...The ECB puts housing wealth at around 350 per cent of GDP. The present value of pension entitlements under current social insurance systems are in the same ballpark....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...Now the BoE plans to stress test insurers on their exposure to reinsurers through a flurry of corporate pension deals, as concerns mount about the risk posed by offshore arrangements to UK retirement savers...
...The lower house of Chile’s Congress has provisionally approved a reform of its private pension system presented by leftist President Gabriel Boric, in a rare breakthrough for the country’s polarised politics...
...As older investors approach the moment of retirement, the mix of their portfolio typically changes to minimise risk and ensure their capital is preserved....
...The 37 partners have agreed to accelerate their retirement as part of the latest overhaul. PwC’s staff were told of the cuts during a call on Wednesday morning....
...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....
...The chancellor said he would modernise the rules by replacing the “non-dom” system, replacing the concept of domicile in tax with a residence-based system....
...If imperative, they should be addressed in the design of the tax system....
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