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...Any levy reduction will ease the burden on businesses, which typically pay the insurance on behalf of their retirement plans....
...A deal for BP’s scheme would likely set a new record, eclipsing the £6.5bn of pension liabilities that RSA agreed to transfer to the Pension Insurance Corporation in February....
...plan, or ESOP....
...Industry executives said 2023 is set to be a record year for such transfer deals for defined benefit pension schemes, which promise to pay employees’ retirement payments at a fixed level....
...The mandate will double assets under management to $9bn for Osmosis, which already runs similar ESG strategies for Oxford university’s endowment fund, Australia’s Commonwealth Superannuation Corporation,...
...Speaking last week, before the Treasury outlined plans for a major reform of the sector, Carol Young, chief executive of the £73bn Universities Superannuation Scheme, said she had no problem with new disclosure...
...Stephen Scherr has stepped down as chief executive of car rental chain Hertz....
...“That’s kind of what it’s been like [until now] for investors trying to assess climate-related financial risks to their retirement savings.”...
...As we see in the chart below, Europe faces a wave of retirements among older farmers....
...In a speech in April, the Bank of England’s executive director for insurance supervision, Charlotte Gerken, cautioned that the “structural shift” in the provision of retirement income gave insurers “an increasingly...
...British executive Andy Baldwin, one of the architects of the aborted plan to spin off EY’s consulting operations, is running to be the first non-US executive to become global chair and CEO, according to...
...Its chief executive said Vanguard did not have the right to tell corporations in which it invested what to do and that its voice was being drowned out or confused....
...Several high- profile foreign executives, including Elon Musk, the chief executive of Tesla, and Jamie Dimon, the chair and chief executive of JPMorgan, have made recent visits to the country.But Dimon did...
...Finally, as defined benefit plans collapsed, the public was pushed into defined contribution plans that impose too much risk for individuals to manage easily....
...A plan by the UK-headquartered group to retain staff through so-called special capital should attract income tax rather than the lower-rate corporation tax as the firm intended, the court in London has ruled...
...His party, Bush suggests, will now switch to Plan B: attacking the Labour opposition’s spending plans. This is the last Disrupted Times until the new year....
...PayPal has named senior Intuit executive Alex Chriss as its new chief executive. He’ll take over from Dan Schulman, who previously announced plans to step down by the end of the year....
...The acquisition of Boston-based Putnam will add another $136bn in assets under management, 30 per cent of which are in retirement plans....
...The city is also encouraging elderly people to move from family-sized homes into smaller apartments or retirement homes....
...The California State Teachers’ Retirement System and California Public Employees’ Retirement System — two of the largest US public sector pension funds — said last month their private equity portfolios delivered...
...One option on the table is a plan by the Tony Blair Institute, a think-tank, for tens of thousands of public and private sector pension plans to be pooled into “GB superfunds” that would invest in UK start-ups...
...The private capital machine is underwriting financings worth up to billions at a time for the likes of Air France, Hertz, AT&T, SoftBank, Anheuser-Busch and others....
...Franklin Templeton has agreed to buy rival Putnam Investments for more than $1bn as the California-based asset manager continues its expansion into alternative products and retirement plans....
...“Many elements of our plan have played out how we had imagined them”, said Garcia. “We were always going to have to cover ground on building ‘scale’....
...“We are very sorry that some USS member data held by Capita may have been accessed by a third party,” said Bill Galvin, USS’s group chief executive....
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