Hints and tips:
...pensions reforms, and support for advanced manufacturing including clean technologies....
...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.”...
...of the charge cap on auto-enrolment pension funds....
...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....
...Authorities have been looking into the Detroit pension funds for years and have already charged city and union officials, and investment advisers, with fraud....
...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...
...Ms Whitney is still predicting further distress for municipalities and underfunded pension liabilities in the public sector remain a long-term challenge....
...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....
...of Detroit....
...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...
...An appeals court on Friday approved the sale of most of Chrysler’s assets to Fiat, the US and Canadian governments and a United Auto Workers healthcare trust....
...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....
...However, the wages and benefits of United Auto Workers union’s members remain a target for Detroit’s critics....
...So bang goes the dividend, executive cash bonuses, truck plants and more white-collar jobs. 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....
...flow problems. 2) A big problem is a loss of confidence in the economy and a loss of trust in the banks....
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