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...It added: “The Thames Water and Kemble boards approved our refocused turnaround plan at the end of 2023....
...The rise of defined contribution pension plans combined with the growing strain on the social security government retirement programme had left the US particularly unprepared for a huge increase in the retiree...
...There are always a lot of different interests to manage at the top of a pension plan, but the psychodrama between the board, plan members, the investment staff, the media, and local, regional and national...
...plans or retirement account agreements, Pimco said in the filing....
...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...
...And due to a quirk of the US code, ETFs avoid the annual capital gain tax charges that buy-and-hold mutual fund investors incur when they invest outside a retirement plan....
...At least eight very large US public pension funds are using borrowed cash or other leverage strategies, now that the board of Calstrs, one of the largest US retirement funds, this month voted to allow the...
...The Pennsylvania-based group, best known for its low-cost index funds and retirement plan offerings, also said it had elevated chief investment officer Greg Davis to an expanded role as president, effective...
...Mick McAteer, a former board member of the Financial Conduct Authority, said if the government wants to meet dual goals of “pot for life” and improving retirement outcomes, the best model would have been...
...The swing pricing proposal would disadvantage investors who purchase mutual funds through their retirement plans, they argue....
...Ailman announced his retirement plans to the board at the same time as his investment team presented proposals to adopt riskier strategies, including a 10 per cent total fund leverage limit....
...MSIM launched its ETF business a year ago, and in October filed plans to carry out its first mutual fund-to-ETF conversions....
...How did you think about that when you started out on your non-retirement plan? Michael SkapinkerIt was a big issue for me....
...Ailman, who has served as CIO at the $318bn California State Retirement System since 2000, shared his retirement plans at a fund board meeting on Thursday morning....
...It means that managers can continue to offer mutual funds to users of retirement schemes such as 401(k) plans, which give equal tax status to ETFs and mutual funds....
...“Widespread defaults have not yet occurred,” said the $105bn Ohio Public Employees Retirement System in a board meeting agenda last month, “however, indications point towards trouble ahead”....
...In his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...Institutional investors that sided with the activist proposals include Norway’s sovereign wealth fund, the Canada Pension Plan Investment Board, California Public Employees’ Retirement System and the California...
...EY’s UK boss Hywel Ball has been handed a further extension to his tenure as chair, with the board of the Big Four firm granting him a second exemption to continue past its mandatory retirement age of 60...
...The head of one of the world’s biggest pension funds has said UK retirement plans should not be told where to invest their money, as the government sets out plans to funnel more cash into unlisted assets...
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