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...These “buyouts” — of pension plans and the assets backing them — are regarded as the gold standard for safeguarding benefits....
...come under pressure from MPs to be more transparent about its enforcement work, including a call two years ago from the House of Commons public accounts committee as part of its investigation into the British...
...The water company is owned by a clutch of investors, including pension funds Omers and USS, and the Abu Dhabi and Chinese sovereign wealth funds....
...For decades the plans — which promise guaranteed pensions calculated on salary and length of service — formed the bedrock of British workplace pension provision....
...The $38tn US retirement system is one of the world’s largest, and US employers were among the first to shift from defined benefit pensions to defined contribution plans....
...The City of London Corporation, which has collaborated with the government to channel long-term capital from pension funds into UK companies, said the chancellor’s new pension measures would “turn the dial...
...The House of Commons’ work and pensions select committee had asked the regulator to examine the impact of the September 2022 bond market crisis on thousands of corporate schemes using popular liability-driven...
...Trustees of UK pension schemes would be prevented from taking “overly risky” decisions after government plans to ease employers’ access to billions of pounds in pension fund surpluses, ministers said....
...The government is consulting on a range of proposals to enable employers to make use of pension surpluses as part of a broader plan to boost the economy....
...Calpers, the largest pension plan in the US with $452bn in assets, had total fund leverage of 8 per cent as of June 2023, which included what the fund described as “active” and “strategic” leverage....
...A failed vote would likely have created pressure for the chair of Smiths’ remuneration committee to step down....
...The work and pensions select committee has written to the minister in charge of benefits and the state pension to raise concerns over “last minute” government amendments to the data protection and digital...
...The plans would also ban fracking and eliminate an institute charged with enforcing government transparency. They also include a bid to give workers pensions equal to their final salary....
...“The economy is not working — growth is the missing ingredient of this economy,” Reeves told reporters, setting out plans to get “better returns for pension savers and [drive] more capital into fast-growing...
...He added that the value of NIC receipts did not determine the NHS budget or the value of pensions....
...Ailman’s departure means two of the biggest pension plans in the US are searching for new investment chiefs....
...Calpers, the US’s biggest public pension plan, is to increase its holdings in private markets by more than $30bn and reduce its allocation to stock markets and bonds in an effort to improve returns....
...Investment Corporation....
...Currently, the PPF has a remit only to compensate members of failed private sector “defined benefit” pension plans, of which there are 5,200 in the UK, with about 10mn members....
...Institutional investors that sided with the activist proposals include Norway’s sovereign wealth fund, the Canada Pension Plan Investment Board, California Public Employees’ Retirement System and the California...
...difficulties” in evaluating Chinese companies, said Brad Sherman, co-author of the bills and ranking member of the capital markets subcommittee, part of the US House financial services committee, in a statement...
...Tory MP Will Wragg, chair of the House of Commons public administration and constitutional affairs committee and a member of the ombudsman recruitment panel, subsequently told MPs that the preferred candidate...
...and China,” said the head of private equity investments at a public pension plan that owns ByteDance stakes....
...Previously on FTAV: the Pension Protection Fund reckons it would make a great public sector superfund, helping to solve Britain’s under-investment crisis even if its asset allocation plans may, counter-intuitively...
...The rise of defined contribution pension plans combined with the growing strain on the social security government retirement programme had left the US particularly unprepared for a huge increase in the retiree...
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