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...The writedown is also more than double the cut taken in percentage terms on Thames Water in 2022 by the utility’s biggest investor, the Ontario Municipal Employees Retirement System, one of Canada’s biggest...
...The Ontario Municipal Employees Retirement System, one of Canada’s biggest public sector pension funds, owns a 31 per cent stake in Thames Water, held through multiple investment vehicles including a Singapore-registered...
...One day after April Fools’, the $495bn California Public Employees’ Retirement System has announced that another sucker has decided to subject themselves to what might be the worst job in the entire global...
...In its announcement of the change, Calpers said that Private equity will increase from a target of 13 per cent of the fund to 17 per cent while private debt will increase from 5 per cent to 8 per cent ....
...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...
...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...
...State Street Global Advisors developed a new product for the $32bn University of California retirement system aimed at this issue....
...Britain’s £1.4tn DB retirement system serves about 10mn retired and current private-sector employees....
...The California Public Employees’ Retirement System has named a new chief investment officer to replace the former CIO, who in 2023 left the job after less than two years....
...New York-based KKR says that billions of dollars in equity have been shared between more than 60,000 employees at its portfolio companies since 2011....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...New York-based buyout group KKR says that billions of dollars in equity have been shared between more than 60,000 employees at its portfolio companies since 2011....
...Steven Meier, chief investment officer of the $264bn New York City Employees Retirement Systems, said his fund was expanding into private credit when “everyone else has pulled back”....
...Meanwhile, offsetting changes to the benefit system have cushioned the impact of stagnating incomes and the surging cost of living for lower-income households....
...If imperative, they should be addressed in the design of the tax system....
...State Teachers Retirement System....
...The chancellor said he would modernise the rules by replacing the “non-dom” system, replacing the concept of domicile in tax with a residence-based system....
...“British workers deserve to get the most out of their pensions, so we will make it easier for employees to keep track of their hard-earned savings,” said a Treasury insider....
...Instead, the employer chooses a retirement plan on behalf of the workforce....
...At only 3.4 per cent of salary, companies’ median contributions to the DC pensions of their employees, scarcely eclipse the legal minimum....
...Pension fund investors in Blackstone from New York, North Carolina and Denmark were publicly critical, as was the California Public Employees’ Retirement System (Calpers)....
...Among them were Canadian pension fund Ontario Municipal Employees Retirement System, as well as the Abu Dhabi and Chinese sovereign wealth funds....
...Despite the success of auto-enrolment of employees into retirement funds over the past decade, nearly a third of the UK workforce are not saving for a pension at all, and most people are not saving enough...
...Earlier this month, tens of thousands of employees at some of Britain’s biggest companies had their personal data compromised by a Russian-speaking criminal gang behind the MOVEit hack....
...The almost 50-person in-house investment management team at BAE Systems is set to join GSAM towards the end of this year to continue managing the two DB schemes, which promise to pay employees’ pensions...
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