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...One example is the $137bn New York State Teachers’ Retirement System, which sold 34 private equity holdings with $3.5bn in total commitments on the secondary market at the end of last year....
...Retirement-focused investors have poured more than $20bn into US exchange traded funds that cap gains but limit losses over the past two years, posing a competitive challenge to established offerings from...
...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...
...Fink’s new focus on retirement came alongside an effort to stake out a middle ground in the political wars over sustainable investing, an approach he called “energy pragmatism”....
...(NZ Super Fund), a sovereign wealth fund owned by the New Zealand government and valued at more than $73 billion (NZD)....
...Most Gen Xers have 401k plan balances that are woefully inadequate to fund a long retirement....
...The bill says that without the new investment fund, contributions would have risen to 22.7 per cent by 2045....
...Making flexible withdrawals from your pension pot — or drawdown — remains the most popular retirement income option, according to new data from the Financial Conduct Authority....
...the fund and notes from its board meeting....
...Related: Bond fund giant Pimco told the FT it was holding a smaller than usual position in US Treasuries and preferred the bonds of countries such as the UK and Canada. 2....
...The Sacramento-based pension fund on Tuesday said it picked Stephen Gilmore, a former chief investment officer of the New Zealand Superannuation Fund, as the new CIO of the largest US public pension fund...
...Those powers could include a ban on funds taking on new business from employers....
...The growing reliance on illiquid assets has also introduced new challenges in terms of cash flow for defined benefit style funds, such as Calstrs and others public retirement systems, which must pay regular...
...Funds such as the Pension Protection Fund, the UK’s £32bn-in-assets retirement scheme lifeboat, and Border to Coast Pensions Partnership, a £60bn local authority pool, are among those looking for bargains...
...Whether an older investor looks towards riskier assets may depend on the broader circumstances of their retirement income....
...Indonesia is one of the top choices for new investments by state funds, along with China, India and Brazil, according to the 2024 annual report published by Global SWF, a data platform that tracks state-owned...
...Female life expectancy aged 75-80 is 13 years, which would unlock funds of £1,955 per month. However, it also laid bare a north-south gap when it comes to downsizing....
...“Mutual funds allowed more people to get into the market,” says financial historian Richard Sylla of New York University....
...If the conversion is approved as proposed, some share classes of the strategy would be closed to new investors as of June 3, and new accounts for the fund would not be able to be opened through Pimco, the...
...The target allocations for public equity and fixed income will decrease under the new policy....
...This is not a new idea. George Osborne in 2015 said funds should be pooled into six “British wealth funds”. The results are mixed. There are now eight pools that vary in size....
...Funds will also have to publish data comparing their performance to rivals and poorly performing schemes will be banned from taking on new business....
...The firm’s ETFs, the first of which launched in 2013, would “probably cannibalise some of the mutual funds”, Johnson said, but mutual funds would remain popular in the retirement channel, she added....
...As a signal of the required change in approach, it recommended that TPR’s objective to safeguard the Pension Protection Fund, the industry lifeboat, be replaced with a new objective to protect future, as...
...Harry Keiley, Calstrs’ retirement board chair, said under Ailman’s leadership, the fund had weathered two challenging decades of financial market downturns and bull markets....
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