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...These “buyouts” — of pension plans and the assets backing them — are regarded as the gold standard for safeguarding benefits....
...On Tuesday, the chief executive of the regulator Ofwat told a House of Lords committee that Thames Water needed billions of pounds more in cash at a time when there is “huge resistance” from investors to...
...Following confirmation that the BP scheme was considering buy-in options, the pensioners group called on the trustees to commence a full consultation with the plan’s 60,000 beneficiaries....
...The Hong Kong government then said residents availing themselves of the BNO visa scheme could not apply for early withdrawals from the territory’s compulsory retirement plan, the Mandatory Provident Fund...
...“We always knew Project Everest would be a challenging journey,” the global executive committee wrote....
...UK ministers and the regulator must not “finish off” the remaining traditional pension plans offering millions of workers a secure retirement income by making them invest in less-risky assets “inappropriately...
...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...
...Calstrs has historically used some leverage within certain strategies, such as derivatives trading, but the proposal approved by the Teachers’ Retirement Board investment committee will enable the giant...
...The government is consulting on proposals to enable employers to use surplus funds built up in defined benefit plans. These schemes currently serve around 10mn members....
...Ailman, who has served as CIO of the California State Teachers’ Retirement System since 2000, announced his retirement at a board investment committee meeting on Thursday....
...The Information Commissioner’s Office said it was engaging with the DWP to “better understand” its plans and “safeguards around them”. It said it would respond to the select committee in due course....
...UK pension fund values plunged by around £425bn in 2022 as bond market turmoil sparked by Liz Truss’s “mini” Budget led to forced asset selling by retirement schemes, according to a new regulatory analysis...
...The PAC report also said the fact that other members of the DMO’s executive team were also approaching retirement highlighted the need for “a clear succession plan” where replacements are willing to stay...
...The federation has no plans to introduce bonuses for Olympic medallists, according to secretary-general Tom Dielen....
...The Federal Open Market Committee’s plan of action — as expressed in the near-term rate projections of its members and in the tone of its chair’s press conference — is exactly as it was in December....
...Budget proposals from both the Republican Study Committee and the Heritage Foundation call for steep entitlement cuts alongside yet more tax cuts, while the Republican chair of the House budget committee...
...Letter in response to this editorial:Meloni’s plan promises to be a regulatory quagmire / From Salvatore Bragantini, Milan, Italy...
...He took that message to Washington this week, only to learn that Senator Maria Cantwell, who chairs the senate’s commerce committee, plans to summon Boeing executives to hearings to investigate its quality...
...The government has said it will appoint Stheeman’s replacement early this year before his retirement at the end of June....
...Cigna, the US health insurer, has pulled out of plans to merge with Humana in what would have marked the largest deal of the year....
...Another added: “We need to reinstitute the ban on senior management retirement extensions that clog up the pipeline and hinder the development of future leaders.”...
...Among them were Canadian pension fund Ontario Municipal Employees Retirement System, as well as the Abu Dhabi and Chinese sovereign wealth funds....
...Achieving 24GW of nuclear capacity requires doubling the trained nuclear workforce, much of which is now approaching retirement....
...Life expectancy at retirement now is two years shorter than it was when they did the last review.”...
...superfunds pose concentration risk / From Bill Manahan, Institutional Investor Lead, Validus Risk Management, London W1, UK How public sector schemes can invest in start-ups / From Antonia Cox, Former Committee...
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