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...to pension scheme members and employers....
...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...
...Mark Cliff, chair of trustees for the Debenhams Retirement Scheme, said: “We are confident that transferring members’ benefits to Clara provides the best available outcome for them.”...
...The employer has no work to do and the only involvement of the member would be exercising a right to opt out if they wished....
...The trustees in charge of Social Security, the government retirement programme, estimated last year that it would have to start cutting benefits in 2033, unless Congress raised the retirement age or levied...
...Pension savers are to be given the legal right to ask their employer to pay into a retirement fund of their choice under changes confirmed in the Autumn Statement....
...Retirement-focused investors have poured more than $20bn into US exchange traded funds that cap gains but limit losses over the past two years, posing a competitive challenge to established offerings from...
...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...
...Those powers could include a ban on funds taking on new business from employers....
...The leader of the UK’s biggest private sector pension scheme has urged the government to refrain from excessive intervention in how retirement funds are managed....
...The finance ministry forecasts the size of the fund to reach €200bn by the mid-2030s and returns on investments will enable distributions of €10bn a year to the statutory pension fund from 2036....
...Related: Bond fund giant Pimco told the FT it was holding a smaller than usual position in US Treasuries and preferred the bonds of countries such as the UK and Canada. 2....
...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...
...At a meeting held last month, the firm proposed to its board of trustees for Pimco Funds that it consider converting its $141mn Mortgage-Backed Securities Fund from a mutual fund into an ETF, the filing...
...There are always a lot of different interests to manage at the top of a pension plan, but the psychodrama between the board, plan members, the investment staff, the media, and local, regional and national...
...the fund and notes from its board meeting....
...The Resolution Foundation found two-thirds of employers would use flexible contracts less if government policy changed along these lines....
...At least eight very large US public pension funds are using borrowed cash or other leverage strategies, now that the board of Calstrs, one of the largest US retirement funds, this month voted to allow the...
...Mick McAteer, a former board member of the Financial Conduct Authority, said if the government wants to meet dual goals of “pot for life” and improving retirement outcomes, the best model would have been...
...As a signal of the required change in approach, it recommended that TPR’s objective to safeguard the Pension Protection Fund, the industry lifeboat, be replaced with a new objective to protect future, as...
...The measure — to be outlined in a call for evidence — comes as Hunt seeks to unlock tens of billions of pounds of retirement fund cash to help boost investment in the economy....
...The firm’s ETFs, the first of which launched in 2013, would “probably cannibalise some of the mutual funds”, Johnson said, but mutual funds would remain popular in the retirement channel, she added....
...Some funds have also found greater chances of beating benchmarks in bond markets and more niche corners of the stock market....
...To be confident their pension money will last through retirement, a saver has conventionally been told to limit withdrawals to 3-4 per cent of the value of the fund each year....
...This can be a particular challenge when a company makes significant job cuts, like Boeing did as a result of the grounding of the Max and the pandemic....
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