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...To the careful pension fund, it sells low-yielding triple-A tranches; to the risk-loving hedge fund, high-yielding double-B. In aggregate, that lets the PC CLO borrow more....
...It is expected that most secondees would remain under the contract and payroll of their permanent employer, with their salary costs recharged to the government....
...“To think that employer contributions to Mark’s pension that were sold to him as part of the attractive compensation package on offer at Northern Trust Asset Management are then clawed back to be potentially...
...Responding to pleas for help from the pensions and asset management industry, the BoE intervened last Wednesday, promising to buy up to £65bn of long-term gilts to stabilise the market....
...“Over time, advisers have become more cautious,” said Matthew Connell, policy and public affairs director at the CII....
...when you get the email from compliance,” says Kathy Whatmough, investment and pension consultant at Rice Whatmough Crozier, which provides investment services, including for employees of Deloitte....
...A polylingual, well-connected non-executive director who spent his career running some of Europe’s biggest mail order clothing businesses is, at 93, the oldest person on the payroll of David Nieper, a family-owned...
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...Even in areas such as law and management, where pay was falling outright at the start of the year, it had picked up, albeit more slowly. Public sector workers are therefore falling further behind....
...As a reader pointed out, the BIS does do reserve management and related banking services for central banks and other official monetary institutions....
...Job moves Squire Patton Boggs has named Michele Connell as the next US global managing partner....
...And this announcement seemed to come out of nowhere that the pension triple lock would be kept after all....
...The Labor Department’s closely watched non-farm payrolls report did however show the unemployment rate continuing to fall, dropping from 4.6 per cent to 4.2 per cent....
...Since around 2013, corporate governance reform, government pension fund rebalancing, shareholder activism, cross-shareholding unwinding, womenomics and tightening stewardship requirements have all had stints...
...The first clunky iteration was born in July 1971, with $6m from Samsonite’s pension plan....
...But the investor in the private equity fund gets a nice gentle markdown from the wimp of an accountant on the fund’s payroll, and their investment survives....
...Nick Bloom, a professor of economics at Stanford University whose focus is on measuring and explaining management practices, has studied this more closely than most....
...On top of this we have the unfortunate “PAYE freelancers” (taxed at source on the company payroll, with none of the benefits of employment) and professional contractors who face a similar fate under IR35...
...Estate agent Countrywide said it has rejected a takeover approach from privately owned rival Connells....
...They oversaw the company’s growth from a handful of clients to about 400 today, with $5bn under management. Approximately 95 per cent of assets are in defined contribution plans....
...But Trump’s unloved (and cynical) proposal for a payroll tax cut, and the Fed’s path in the fixed income market are really the same thing: defunding Americans’ retirement income....
...As part of a larger organisation, Mr Edwards no longer worries about human resources or payroll. “We don’t have those distractions,” he says....
...One of the key figures behind some of those funds is a familiar face to DD readers, Archegos Capital Management founder Bill Hwang....
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