Hints and tips:
...A 2007 civil lawsuit in Massachusetts led by a pension fund in Detroit accused 16 private equity firms of forming consortiums that rigged bids in sale processes....
...The Massachusetts Laborers Annuity Fund, a Cigna shareholder, seized on the Chancery ruling on the termination fee....
...(FT, NYT, Reuters) Ex-PwC partners’ £100m payout More than 1,000 former partners of PwC shared a windfall of £100m through the firm’s annuities system, with the average payout £90,000....
...Instead, taking pension funds over for a fee — “bulk annuities” in City parlance — has remained a niche. L&G is the only participant with real scale....
...“Institutional brokers are responsible for placing millions of dollars of average investors’ life savings in their employers’ pension plans, as well as in mutual funds and variable annuities,” Mr Galvin...
...Mr Lopez, who joined from Watermark Investment Advisors, replaces Michael Walsh, who left in October to become the CIO of the Laborers’ Annuity and Benefit Fund of Chicago....
...Massachusetts Mutual, the US life assurer, is set to acquire a 6 per cent stake, they added....
...Senator Orrin Hatch of Utah also introduced a bill this year, the Secure Annuities for Employee Retirement Act....
...Treasury has demonstrated explicit support by providing these entities with capital quarterly, as necessary. 3. 73 credit-related investment funds We lowered our FCQRs on 73 of the 206 funds managed in...
...“This implies … that joint life annuities [in which payments continue at the same price until both partners die] are underpriced while last survivor annuities [in which payments increase after one partner...
...Another advantage over an annuity is that when the holder dies, the heirs get the balance. Last, they tend to be less expensive than annuities. The funds follow different models....
...McAfee, a software security maker, was sued on Monday in federal court in the Northern District of California by the Heavy & General Laborers’ Pension and Annuity Funds, alleging “constructive fraud” through...
...Mr Condron believes there has been confusion over the fact no tax is paid on variable annuity returns until funds are withdrawn....
...These cases prompted William Galvin, Massachusetts secretary of state, to declare that variable annuities were “almost always not a good investment for older people”....
...But an empirical study published this past spring by James Poterba, an economics professor at the Massachusetts Institute of Technology, suggests that there will be no ?asset market meltdown?...
...Much of this inflow has come from first-time investors, including US annuity funds such as MIT, as well as mature India funds raising their country allocation....
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