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...The survey carried out by the Association of Independent Professionals and the Self-Employed (IPSE) in February found that 79 per cent of respondents were in work, with 21 per cent out of work....
...British retirement funds hold more than £1tn in assets on behalf of tens of millions of savers but they have come under fire from policymakers and City asset managers for allocating more cash to global equity...
...The government is pushing ahead with a controversial proposal to expand the role of the UK’s pension lifeboat fund as it looks for ways to unlock billions of pounds of retirement fund capital to boost economic...
...SACRAMENTO, Calif. — The California Public Employees’ Retirement System has selected Stephen Gilmore, a senior investment leader with extensive experience in public and private financial institutions and...
...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...
...Calpers’ allocation for [public] equity will go to 37 per cent of the fund and fixed income will be reduced to 28 per cent....
...That compares with 8.9 per cent from public equities and 2.4 per cent from fixed income. The documents did not disclose if the figures took account of fees....
...Last month, the Colorado State Board of Accountancy fined Ben Borgers $5,000 and issued a “letter of admonition” after ruling that he had failed to conduct retirement plan audits with “due care”....
...Yvonne Braun, director of long-term savings at the Association of British Insurers, welcomed the plans to compare the performance of pension providers....
...Starting about 40 years ago, they essentially transferred responsibility for funding retirement from employers to employees....
...“The Department for Work and Pensions has a vast amount of work on its to-do list already,” said Tom McPhail, director of public affairs with the Lang Cat, a corporate consultancy....
...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....
...Almost all other government employees don’t. As such, the Treasury’s largest cohort of creditors include nurses, teachers, civil servants and soldiers....
...quality of audits of some retirement plans....
...González was expelled after Colorado party senators accused her of “abuse of influence” in managing and hiring staff....
...On the plus side for employees, each participant gets a personal account and can opt for a lump sum at retirement instead of a regular payment....
...Donald Mackenzie, one of CVC Capital Partners’ co-founders and most successful dealmakers, is stepping back from Europe’s largest buyout firm ahead of its long-awaited public listing....
...But faced with the opposition Labour party’s consistent polling lead of about 20 points, the Tories are trying to broaden their appeal with tax cuts targeting middle-earning employees, as well as childcare...
...Another executive, Rohan Patel, Tesla’s vice-president of public policy, has also departed, the company confirmed....
...“Widespread defaults have not yet occurred,” said the $105bn Ohio Public Employees Retirement System in a board meeting agenda last month, “however, indications point towards trouble ahead”....
...In his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...“The central purpose of DB pension schemes — to pay the benefits promised to members — should not be undermined,” said Hetty Hughes at the Association of British Insurers, the industry trade body....
...New York-based buyout group KKR says that billions of dollars in equity have been shared between more than 60,000 employees at its portfolio companies since 2011....
...Under the proposals, regulators will be given powers to stop poorly performing retirement funds from taking on new workplace pension business....
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