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...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 $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....
...customer’s objectives, and a loss of safeguarded benefits or valued features....
...If you wait for the perfect moment, when pension fund values are high and annuity rates are peaking, it may never happen....
...For example, based on trade sizes, complexity and frequency it estimates that financial institutions (probably trading firms and hedge funds) account for 60-70 per cent of 0DTE trading....
...Some of the UK’s biggest pension plans are taking advantage of steep price discounts to snap up real estate and other private assets, as fellow retirement funds put their harder-to-sell holdings on to the...
...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....
...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....
...Concord, which is controlled by investor Alchemy Copyrights and is ultimately majority owned by US pension fund Michigan Retirement, has been an acquirer of music rights and companies....
...At least eight very large US public pension funds are using borrowed cash or other leverage strategies, now that the board of Calstrs, one of the largest US retirement funds, this month voted to allow the...
...The UK’s £1.4tn “defined benefit” pensions industry has been switching to corporate debt for its higher yields and to prepare the schemes for potential sales to insurers, analysts said....
...The proposals come after the funding positions of defined benefit retirement plans have improved significantly over the past 18 months due to rising interest rates making it cheaper for the schemes to meet...
...Pimco said in the filing that the conversion would benefit the fund’s shareholders, pointing to a potential reduction in costs, including no 12b-1 fees, sales charges and “other potential benefits”....
...And one thing to start: Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
...The City grandee will be a “tough act to follow”, according to one top-30 L&G shareholder, who described Wilson as a “constant” through a period of change for the sector that has included retirement and...
...As you say, though, the annuity market has improved recently and so it is sensible for anyone approaching retirement, or even those who have started to draw benefits, to give the purchase of an annuity full...
...One of the triggers of the dispute was a 2020 valuation of USS at the height of a market crash, which recorded a deficit of £14bn and led to a cut to benefits, resulting in criticism of how the scheme was...
...fund can switch some (or all) of it into an annuity....
...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”....
...Consider the Chicago Board Options Exchange’s volatility index, which measures expectations of future volatility in US stocks....
...Now, less than a year from a general election and a few weeks from the end of the tax year, there’s a pressing question for wealthier pension savers of retirement age....
...Mick McAteer, a former board member of the Financial Conduct Authority, said if the government wants to meet dual goals of “pot for life” and improving retirement outcomes, the best model would have been...
...the fund’s tax efficiency — and alert the board to any material issues....
...The Cboe — formerly known as the Chicago Board Options Exchange — has put out a report examining the decline in the volatility measured by its flagship Vix index, which it admits “has not only been historic...
...Many use Isas to enable early retirement or scale back work. The potential inheritance tax benefits of pensions mean Isas are often drawn on first, with pensions held in reserve....
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