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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....
...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....
...— has quite the job ahead of him, which he obliquely nodded to in the pension plan’s statement: “I’m grateful to CalPERS’ leaders for the trust they’ve put in me to help shape the pension fund’s next chapter...
...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...
...Whether an older investor looks towards riskier assets may depend on the broader circumstances of their retirement income....
...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....
...The target allocations for public equity and fixed income will decrease under the new policy....
...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...
...INA’s Porwanto said the rating opened up the possibility of obtaining financing from the offshore market, although there was no imminent fundraising plan....
...Built for comfort, not speed is a good slogan for annuities — an insurance product offering retirees steady, long-term income....
...The $60bn Blackstone Real Estate Income Trust generated $2.7bn in cash flows in 2023, mostly in rents, and paid out a distribution of more than $2.8bn, resulting in the first annual shortfall of cash from...
...“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...
...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....
...“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.”...
...More than $10.4tn is in US defined contribution pension plans, and another $5.8tn is in individual retirement accounts, per the ICI....
...According to research from Canada Life, an insurance and retirement services company, more than half of UK adults do not have a will, and 13 per cent say they have no plans to write one....
...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....
...Ultimately, the environment remains difficult for individuals or advisers to plan due to a lack of detail about how exactly future reforms would work....
...Heathrow’s other owners are Canadian pension fund CDPQ, Singapore sovereign wealth fund GIC, the UK’s Universities Superannuation Scheme, Qatar Investment Authority, the Australian Retirement Trust and China...
...Its £1bn investment trust also had a tough 2023, with the trust’s managers noting that last year was “the worst in the history of Ruffer Investment Company”....
...Anthony Whatling, managing director at Alvarez & Marsal Tax, said Labour’s plans to remove inheritance tax benefits for non-UK trusts would “intensify uncertainty”....
...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....
...“It has been an honour to lead and guide this massive global investment trust fund for the teachers of California,” said Ailman....
...This is currently 55 but there are plans to raise it to 57 over the next five years — and it may be even higher by the time your children consider retirement....
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