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...The so-called pensions lifeboat takes over the assets and liabilities of failed companies’ pension schemes....
...Shareholders have asked for restrictions on regulatory fines as one of the conditions for injecting new equity....
...— has quite the job ahead of him, which he obliquely nodded to in the pension plan’s statement: “I’m grateful to CalPERS’ leaders for the trust they’ve put in me to help shape the pension fund’s next chapter...
...However, the administrators said they expected to pay in full almost £300,000 to employees and £1.2mn to HMRC. Matches was bought by Frasers for £52mn in December....
...For decades the plans — which promise guaranteed pensions calculated on salary and length of service — formed the bedrock of British workplace pension provision....
...Once upon a time, big US companies provided their longtime employees with clearly defined pension benefits that guaranteed them enough to live on for the rest of their lives....
...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...
...It has also led to calls for reform of the rules on administrators’ fees....
...Rivian, which employs 16,700 hourly and salaried workers combined, declined to give the total number of employees affected....
...About 20 states have also set up defined contribution plans for workers at small companies and the self-employed....
...It posted a pre-tax loss of £70mn on sales of £380mn in the year to January 31 2023, according to its most recent filings at Companies House....
...This can be contrasted with the private sector when most schemes for failed companies enter the Pension Protection Fund with lower benefits....
...Today schemes like the Ontario Teachers’ Pension Plan rank among the largest and most sophisticated institutional investors in the world....
...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....
...The company said it still hoped to agree a business plan with Ofwat that was “affordable for customers, deliverable and financeable for Thames Water, as well as investible for equity investors”....
...Almost 4mn people in the UK, or more than one in eight employees, work on some form of flexible contract that could be viewed as “precarious”, the think-tank noted....
...Calpers From the Financial Times’ intrepid pensions guru, Josephine Cumbo, yesterday: Calpers, the US’s biggest public pension plan, is to increase its holdings in private markets . . ....
...Private equity executives need to “share the wealth” they create with workers at the companies they buy, according to the investment head of Calstrs, the giant US pension fund that is one of the world’s...
...Despite the concerns, some pension plans continue to bet heavily on private credit....
...Ailman’s departure means two of the biggest pension plans in the US are searching for new investment chiefs....
...The plan featured in a package of retail-friendly measures, including the timeline for a sale of the government’s remaining NatWest shares....
...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...
...The intervention comes as data shows a vast difference in performance by UK pension plans serving tens of millions of savers....
...of EnnisKnupp, a consultancy that works with pension plans....
...On Tuesday Aurelius appointed FRP Advisory as administrators for The Body Shop’s UK business....
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