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...But thousands of former Debenhams employees subsequently suffered cuts to their expected retirement benefits under the Pension Protection Fund’s reduced compensation terms....
...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....
...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...
...(NZ Super Fund), a sovereign wealth fund owned by the New Zealand government and valued at more than $73 billion (NZD)....
...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 fund and notes from its board meeting....
...The target allocations for public equity and fixed income will decrease under the new policy....
...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....
...Starting about 40 years ago, they essentially transferred responsibility for funding retirement from employers to employees....
...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”....
...Britain’s £1.4tn DB retirement system serves about 10mn retired and current private-sector employees....
...The bill says that without the new investment fund, contributions would have risen to 22.7 per cent by 2045....
...That fairy tale ending disappeared for many Americans in the 1980s, when most new employees started to be shunted into a new retirement option....
...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....
...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....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
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...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....
...Those powers could include a ban on funds taking on new business from employers....
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...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”....
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