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...British retirement funds hold more than £1tn in assets on behalf of tens of millions of savers but they have come under fire from policymakers and City asset managers for allocating more cash to global equity...
...Nearly two-thirds of the voting members of the United Auto Workers union voted to ratify their contracts with Ford, General Motors and Stellantis after their historic strike against the three Detroit automakers...
...These funds did not appear at all in the previous tax year, when Legal and General Group, Aviva, Rio Tinto, Jupiter Asian Income — which focuses on high-yield Asian companies — and BAE Systems made up the...
...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....
...south-eastern city of Rzeszów....
...The UAW, established in the 1930s, last year won record pay increases for 146,000 members whom the union represents at Ford, General Motors and Stellantis after it launched six weeks of strikes against the...
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...The president of the United Auto Workers turned biblical when addressing thousands of union members last week, urging them to have faith as they prepared to go on strike against Detroit’s carmakers....
...This article is the latest part of the FT’s Financial Literacy and Inclusion Campaign Ahead of the general election, the high cost and poor availability of UK childcare has shot up the political agenda....
...But such a check would have barred the kind of investment that has enriched and developed Singapore. The experience of the city state shows that higher debt issuance is a poor measure of fiscal space....
...Meanwhile, offsetting changes to the benefit system have cushioned the impact of stagnating incomes and the surging cost of living for lower-income households....
...The latest appeals came after a Russian missile attack on Chernihiv, a city 150km north of the capital Kyiv, on Wednesday....
...Members of the United Auto Workers began picketing at midnight at three locations — a General Motors plant in Missouri, a Stellantis plant in Ohio and a Ford plant in Michigan — at the start of a strike...
...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....
...Defenders of the incumbent Motor City, and its surrounding region, say the numbers are misleading, however....
...State Teachers Retirement System....
...Steven Meier, chief investment officer of the $264bn New York City Employees Retirement Systems, said his fund was expanding into private credit when “everyone else has pulled back”....
...City of London cash into UK infrastructure....
...One bank lobbyist said that a big increase in taxation of carry was likely to “pull at the thread” of the fabric of the City of London, as jobs in support industries such as banks and professional services...
...“We go directly to our general partners to have conversations, we just haven’t done that in the press,” he said....
...Researchers have reported that early warning and preparedness systems have only recently been made a matter of policy at the city government level....
...Now, less than a year from a general election and a few weeks from the end of the tax year, there’s a pressing question for wealthier pension savers of retirement age....
...David Cameron and Johnson were both obviously of the city....
...The London mayoralty is one of a series of local contests on May 2 that will be heavily scrutinised for signs of the likely outcome of the general election expected in the autumn....
...characterised the nation’s political system.”...
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