Hints and tips:
...I trust the MPC will make the right choices. Matthew Ryan: We do not see a return to the Bank of England's 2 per cent inflation target in a sustainable manner in 2024....
...But for many, the industry still has a lot of work to do to gain the trust of investors and the public....
...Dan Gilbert: Detroit’s biggest dealmaker A punchy Jamie Dimon was on stage in New York on Wednesday announcing a $500m fund that hopes to spur revitalisation efforts in cities around the world....
...“After four decades of consistent performance, methodology and vision, we have a strong relationship with the firm and trust them to act in the best interest of the fund and the membership.”...
...Most fund management groups offer far too many products, with the result that there are over 2,000 open-ended funds and about 400 investment trusts....
...But the octogenarian, who also co-manages the flagship Loomis Sayles Bond fund and looks after billions of dollars on behalf of pension funds, has absolutely no plans to retire....
...The state of California is debating launching a government-run fund that employers could offer as a pension option, in the same vein as the UK’s National Employment Savings Trust....
...At the end of the fiscal year ended June 30 2012, net assets for the two pension funds and related employee benefit trust funds were valued at $5.17bn, down from $5.84bn at the beginning of the year....
...Detroit’s dire financial problems – which culminated in last week’s bankruptcy filing – were made worse when the ailing Motor City tried to fix shortfalls in its pension funds with more and more complex...
...In recent years, US pension funds have increased their exposure to infrastructure assets, seeking to match their long-term liabilities with long-term sources of cash flow from toll roads, bridges, airports...
...Muni debt funds have experienced hefty outflows, totalling about $2bn for the past four weeks....
...The suit, filed at the Tennessee Middle District Court by the Laborers’ Local 265 Pension Fund of Cincinnati and the Plumbers and Pipefitters Local 572 Pension Fund of Nashville, claims the slice of securities...
...Another of my partners got the Episcopal Church pension fund to invest. Today there are a lot of happy retired priests who should thank him....
...GM has also repaid a $2.8bn note held by a union healthcare trust, and plans to contribute $4bn in cash and $2bn in shares to its pension funds....
...The proceeds from the convertible securities’ sale will be used to reduce GM’s secured debt and help pay down deficits in its pension funds, people close to the IPO say....
...Complacency will be pension funds’ biggest killer Political pensions – the real scandal Spare taxpayers the bill for Detroit’s pensions Related Links Personal Finance: Pensions Latest news on pensions...
...However, the court put a temporary halt on the sale until 4pm on Monday to allow three Indiana pension funds to file an emergency appeal to the US Supreme Court....
...The partnership faced a last-minute delay on Monday, when the US Supreme Court temporarily halted it after objections to terms of Chrysler’s restructuring lodged by three Indiana pension funds holding $42m...
...Especially traumatic is the way people found out that the “social contract” around pensions and retirement funds, promising ever-rising value, is not an enforce-able contract they can count on....
...and healthcare trusts....
...The Bush administration on Friday indicated it might provide the funds from the troubled asset relief programme....
...Retirees are losing healthcare benefits, bought off with some of the pension fund surplus....
...Returning to the UK, Shore invited American business leaders to a conference in Britain to talk about their role in the regeneration of Baltimore and Detroit....
...But they do not necessarily share Detroit’s other problems: a greying, unionised workforce and fear of bankruptcy....
...More and more other sectors will be following Detroit with the begging bowl....
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