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...People familiar with the retirees’ dispute said it centred on a discount rate being used to calculate the lifetime value of the partners’ retirement benefit....
...Under the terms of the original deal, unveiled last month, beneficiaries would get an extra 10 per cent on top of the calculated value of their retirement payments if they signed the waiver....
...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....
...possible largely thanks to a substantial recent improvement in funding positions for defined benefit pension schemes, which promise members a pension for life — typically based on salary and length of service...
...Although he works for EY’s global operation as managing partner for client service, Baldwin is a partner in the UK member firm, where he was the highest paid person last year, receiving £4.7mn....
...British retirement funds hold more than £1tn in assets on behalf of tens of millions of savers but they have come under fire from policymakers and City asset managers for allocating more cash to global equity...
...H&F has invested in business services companies such as advertising agencies, advisory firms and insurance brokerages for decades....
...“It’s a way for conservative investors, or those nearing or in retirement, to stay invested in stocks and get some decent upside,” Chaussée said....
...The California Public Employees’ Retirement System has named a former top executive at the New Zealand sovereign wealth fund to direct the largest US public pension plan’s investments following the abrupt...
...At least five North Korean tankers travelled this month to collect oil products from Vostochny port in east Russia, according to satellite images shared with the FT by the Royal United Services Institute...
...A good way to prepare for the speech, the dot plot and the rest is to read Chris Giles’s admirably clear newsletter about the stalling of US services disinflation....
...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...
...Britain’s £1.4tn DB retirement system serves about 10mn retired and current private-sector employees....
...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’...
...The 37 partners have agreed to accelerate their retirement as part of the latest overhaul. PwC’s staff were told of the cuts during a call on Wednesday morning....
...borrowing money to help avoid fire sales then this is a risky strategy because the money still needs to be paid back,” said Alasdair Macdonald, head of investment strategy with WTW, a global professional services...
...Chief commercial officer Andrew Harrison said it had extended the retirement of older aircraft over the next few months, while using jets across the fleet more frequently....
...More than a decade ago when looking at the question of financing, the Independent Public Service Pensions Commission recommended that public service schemes should remain unfunded....
...Whether an older investor looks towards riskier assets may depend on the broader circumstances of their retirement income....
...of retirement remaining....
...Women continue to be paid less, are more likely to take time off to care for children or elderly relatives, and are less likely to invest their money in growth assets — and so end up with less money in retirement...
...Any discussion about how to attract more investment into UK infrastructure, start-ups or equities now involves Britons’ retirement savings....
...They function as a place for depositors to safely store their cash and obtain other financial services beyond loans....
...Concord, which is controlled by investor Alchemy Copyrights and is ultimately majority owned by US pension fund Michigan Retirement, has been an acquirer of music rights and companies....
...“The government’s proposal risks making the situation worse by placing more responsibility on savers,” said Paul Waters, head of defined contribution markets with Hymans Robertson, a professional services...
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