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...Thousands of members of the pension plan of collapsed retailer Debenhams are to have their retirement benefits restored under a groundbreaking deal for the UK’s nascent “superfund” market....
...“They are now discovering that PE is no magic bullet and liquidity does matter for investors with a sizeable payout requirement.”...
...Meanwhile, Honda has recognised that going it alone is no longer a viable strategy, striking a surprise partnership with Sony in 2022 to produce EVs....
...Most Gen Xers have 401k plan balances that are woefully inadequate to fund a long retirement....
...There’s no way the Chinese would ever let a US company run something like this in China,” he added....
...More recently employers have opted for cheaper defined contribution schemes, where members have no certainty over what income they will get in retirement....
...Poorly performing pension plans will be banned from taking on new business as part of a major shake-up of Britain’s £120bn workplace retirement market, under government plans unveiled ahead of next week’...
...No regulated advice or guidance (which is free from the government-backed Pension Wise service) was sought for 37 per cent of income drawdown plans taken out in the 2022-23 tax year....
...But at that stage every pension plan was an island, with no interconnections and no obvious mechanism for enabling the pension to follow the member. Ten years on that has all changed....
...Toyota is aiming for as early as 2027, Nissan the year after and Honda by the end of the decade....
...INA’s Porwanto said the rating opened up the possibility of obtaining financing from the offshore market, although there was no imminent fundraising plan....
...“We know that as we live for longer, we need to work for longer,” she said, adding, “we’ve got no plans to lower the state pension age.”...
...“There’s no great need. There’s not a project. There’s not a great difficulty to be resolved,” Peter says....
...The remaining 75 per cent of the pot can then be moved to a drawdown plan, used to buy an annuity or taken as cash....
...No tax is payable on savings interest, dividends or capital gains, and withdrawals are not subject to income tax....
...How did you think about that when you started out on your non-retirement plan? Michael SkapinkerIt was a big issue for me....
...If you’re approaching retirement age, your “pension journey could” last 20-30 years or more, so further changes to the rules are inevitable....
...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...
...Gordon Lynes, 74, has no regrets about buying an annuity....
...More than $10.4tn is in US defined contribution pension plans, and another $5.8tn is in individual retirement accounts, per the ICI....
...In his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...plans or retirement account agreements, Pimco said in the filing....
...A second reason I resisted the R word is that I had no plans to stop working....
...The UK’s first commercial pension “superfund” deal has been cleared by the regulator opening a new route for employers to offload weaker retirement schemes from their balance sheets....
...Instead, the employer chooses a retirement plan on behalf of the workforce....
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