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...Calpers was due to meet Exxon later this month, Cohen said, and the pension fund would not be “shy about voicing our opinion”....
...did its first transaction last year with a corporate pension plan that was not in the protection fund....
...This proposal aims to ease employer access to any pension scheme surplus and encourage corporate pension plans to back long-term investments to help boost the economy....
...Automatic enrolment into workplace pensions has been a policy success. Since 2012, more than 11mn workers have been put into a pension set up by their employer and only around one in 10 has opted out....
...“He brings not only a wealth of investing knowledge to the job, but he also has the temperament to understand the needs of our members and public sector employers who depend on Calpers to be a steady, long-term...
...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....
...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...
...Access to about £225bn in surplus funds held in traditional-style company retirement plans is to be made easier for thousands of employers under measures set out by the UK government....
...and geographies, as the pension fund’s chief investment officer....
...Workers must set aside money to get an employer match and then manage their own funds through volatile markets....
...Those powers could include a ban on funds taking on new business from employers....
...“There’s a recognition of the potential upside value from future [pension] surplus for both members and employers,” said Stewart Hastie, partner at Isio, a pension consultancy....
...Canada’s federal government wants its largest pension funds to invest more in domestic companies, and is hiring the former governor of the central bank to entice them....
...Employers’ access to billions of pounds of surpluses in UK company pension funds would be eased under proposals set out by the government on Friday....
...The Sacramento-based pension fund on Tuesday said it picked Stephen Gilmore, a former chief investment officer of the New Zealand Superannuation Fund, as the new CIO of the largest US public pension fund...
...Trustees of UK pension schemes would be prevented from taking “overly risky” decisions after government plans to ease employers’ access to billions of pounds in pension fund surpluses, ministers said....
...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....
...Currently employers are obliged to pick a pension scheme for the workforce and put workers into it, with legal minimum levels of contributions....
...“That is a promising situation,” he told the work and pensions select committee....
...These are risks that every private pension scheme and sovereign wealth fund faces today. But for these risks, such funds have been rewarded over long-term horizons....
...Currently, only those aged between 22 and the state pension age, 66, are eligible to be automatically enrolled into a workplace pension by their employer....
...Funds such as the Pension Protection Fund, the UK’s £32bn-in-assets retirement scheme lifeboat, and Border to Coast Pensions Partnership, a £60bn local authority pool, are among those looking for bargains...
...For those yet to take their first pension, the system will be relatively simple when they take a pension and withdraw some tax-free cash....
...The Resolution Foundation said the research showed the contracts carried “real costs for some workers” who faced “lower wages and a smaller pension, as well as the insecurity and volatility they can bring...
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