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...One example is the $137bn New York State Teachers’ Retirement System, which sold 34 private equity holdings with $3.5bn in total commitments on the secondary market at the end of last year....
...The talks come ahead of a strategy presentation next week by the BBC, which is expected to reveal plans for further commercial opportunities as it seeks to diversify its income away from a reliance on the...
...UK ministers and the regulator must not “finish off” the remaining traditional pension plans offering millions of workers a secure retirement income by making them invest in less-risky assets “inappropriately...
...The portfolio shake-up, which was confirmed after a scheduled asset allocation review, will bring the California-based plan into line with other big retirement systems in the US, including Calstrs, which...
...There’s nothing wrong with choosing retirement income flexibility over a guaranteed set income for life. But drawdown investors need to tread carefully....
...Until recently, the only way most 401k participants could get such income was to leave their 401k plan and buy an annuity from an insurer....
...The plan is designed to alleviate pressure on a pension system that is expected to come under huge strain in the next few years as a whole generation of “baby-boomers” born in the 50s and 60s enters retirement...
...for members, who were relying on the pensions for a secure income for life....
...Calstrs has historically used some leverage within certain strategies, such as derivatives trading, but the proposal approved by the Teachers’ Retirement Board investment committee will enable the giant...
...“The benefit of not having multiple pensions littered through someone’s work history is that there is less chance of losing valuable sources of retirement income, which is a significant and growing problem...
...The Federal Open Market Committee’s plan of action — as expressed in the near-term rate projections of its members and in the tone of its chair’s press conference — is exactly as it was in December....
...The federation has no plans to introduce bonuses for Olympic medallists, according to secretary-general Tom Dielen....
...The target allocations for public equity and fixed income will decrease under the new policy....
...“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.”...
...“The State Pension is the foundation of income in retirement and will remain so as we deliver a further 8.5 per cent rise in April which will increase the state pension for 12mn pensioners by £900,” it added...
...The lawyer from Newcastle upon Tyne plans to live off cash savings and a small investment income until he’s 60, when he is looking at buying an annuity, a guaranteed income for life....
...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....
...Ailman, who has served as CIO of the California State Teachers’ Retirement System since 2000, announced his retirement at a board investment committee meeting on Thursday....
...Under the proposals, regulators will be given powers to stop poorly performing retirement funds from taking on new workplace pension business....
...The typical Gen X household has just $40,000 saved for retirement, and 40 per cent of their 401k plan balances are zero....
...Budget proposals from both the Republican Study Committee and the Heritage Foundation call for steep entitlement cuts alongside yet more tax cuts, while the Republican chair of the House budget committee...
...The plan chimes with much of the advice from both Little and Hearne about how people inheriting money should think about their situation....
...“The change is expected to reduce deferred tax liabilities by around $0.7 billion with the related gain recognised in other comprehensive income when the legislation is substantively enacted.”...
...Fundraising for private credit has become “less rushed” because of the “more challenging” market conditions, said a spokesperson for the $50bn Connecticut Retirement Plans and Trust Funds....
...Mochida, who had worked at Goldman Sachs for 38 years and ran its Japan operations since 2001, used to tell anyone who asked about his retirement plans that he intended to “die at my desk”....
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