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...did its first transaction last year with a corporate pension plan that was not in the protection fund....
...Ruling out the dividends could ultimately trigger an administration process by Kemble, which could have a domino effect on Thames Water as there would be increased uncertainty over the group’s ability to...
...The London group’s plans include raising more funds from investors — only a year after increasing assets by more than $1bn — and taking its number of portfolio managers to about 120 or 125, according to...
...Steve Barclay, the environment secretary, will be questioned next week about the government’s plans for keeping water supplies going should Thames Water be placed into special administration....
...and European [groups] are not”....
...The low-cost airline has cut some flights and slowed its growth plans, reducing the number of passengers it expects to fly in the current financial year from 205mn to 200mn....
...The $38tn US retirement system is one of the world’s largest, and US employers were among the first to shift from defined benefit pensions to defined contribution plans....
...His retirement plans are now in disarray due to the uncertainty over his financial position....
...Jeff Yass’s Susquehanna International Group first invested $80,000 in ByteDance, the Chinese owner of TikTok, on the back of an idea sketched on a napkin in a Beijing coffee shop more than a decade ago....
...Leqembi, priced at $26,500 a year, was the first drug with a black-box warning — the most severe designation about possible side effects — to be granted full approval by the US Food and Drug Administration...
...The government first drew up contingency plans last year for the possibility of the company’s failure — although officials insisted on Thursday that a collapse was not imminent....
...Shareholder activist groups, proxy advisers and some investors including Australia’s Hesta pension fund have criticised the company for not going far enough in setting binding targets....
...The group estimated the rule would cost airlines $33bn over 10 years....
...The group of senior class A and subordinate class B bonds are securitised at the operating companies....
...Electric-car maker Tesla registered expenses of about $2.4mn for its chief executive Elon Musk in 2023, with a further $500,000 spent in the first two months of this year....
...The move dealt a blow to the group’s hopes of finding a way through its financial impasse. Thames Water needs billions of pounds to maintain operations and overhaul ageing infrastructure....
...Michael Gove has been forced to water down plans to cap ground rents on millions of leasehold homes in England and Wales after lobbying by pension and investment managers who benefit from these payments....
...of EnnisKnupp, a consultancy that works with pension plans....
...The company is the most leveraged in the sector and has come under increasing financial strain as higher interest rates have raised the cost of servicing £18.3bn of group debt....
...pension deals....
...Four public pension plans with more than $4bn allocated to China-focused private equity funds told the Financial Times they were ready to delay redemptions from investments nearing the end of 10-year lifespans...
...The outflows started in 2022 after West Virginia state treasurer Riley Moore included BlackRock on the nation’s first list of financial firms deemed to boycott fossil fuel companies....
...But this week’s real action on taxes took place on Wednesday with the first official meeting of the International Tax Task Force....
...It is the first antitrust challenge against Apple under Biden’s administration, which is pursuing antitrust cases against some of the biggest Silicon Valley companies....
...Our US financial editor Brooke Masters asks whether a US pensions revolution might be on the cards....
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