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...of the international law”....
...Thousands of members of the pension plan of collapsed retailer Debenhams are to have their retirement benefits restored under a groundbreaking deal for the UK’s nascent “superfund” market....
...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
...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...
...One of the world’s biggest paper companies has sparked a bidding war for DS Smith, with International Paper confirmed to be in talks about a potential deal that would value its UK rival at about £6.8bn including...
...The BlackRock chief also warned that the rise of defined contribution pension plans had combined with the growing strain on the social security government retirement programme to leave the US particularly...
...International Paper’s offer marks a 48 per cent premium to the value of DS Smith’s share price at the close of trading on February 7, just before the Mondi approach became public, and comes amid a bout of...
...“Many plan sponsors would prefer to have the money stay in the plan,” says JPMorgan’s head of retirement Steve Rubino. “We are genuinely reaching a tipping point.”...
...UK ministers and the regulator must not “finish off” the remaining traditional pension plans offering millions of workers a secure retirement income by making them invest in less-risky assets “inappropriately...
...But an academic paper published late last year in the US sets out an awkwardly strong argument that it’s rubbish, and that in fact we should stick all our retirement wealth — 100 per cent of it — in stocks...
...Poorly performing pension plans will be banned from taking on new business as part of a major shake-up of Britain’s £120bn workplace retirement market, under government plans unveiled ahead of next week’...
...The portfolio shake-up, which was confirmed after a scheduled asset allocation review, will bring the California-based plan into line with other big retirement systems in the US, including Calstrs, which...
...The plan is designed to alleviate pressure on a pension system that is expected to come under huge strain in the next few years as a whole generation of “baby-boomers” born in the 50s and 60s enters retirement...
...Employers are not obliged to pay into a pension plan chosen by their workers....
...Analysis from The Pensions Regulator suggests that more than 3,750 of the UK’s defined benefit-style retirement plans have assets in excess of their liabilities or are in surplus. Read more here...
...Ireland’s Smurfit Kappa, which International Paper tried to buy in 2018, expects to generate savings of $400mn in the first year from its $25bn tie-up with US group WestRock — about 2 per cent of the target...
...Reduced rates of cropland retirement and the increased application of nitrogen fertilisers raised carbon emissions, the study found....
...A proposal to increase the $483bn fund’s positions in assets such as private equity and private credit from 33 per cent of the plan to 40 per cent was approved on Monday . . ....
...US public pension plans that manage hundreds of billions of dollars of assets are increasingly turning to risky leverage strategies as burgeoning private market holdings create cash flow strains....
...Erginbilgiç’s shares were granted in March 2023 at a price of 90.8p per share. They closed at 353p on Friday, giving him a paper gain of £21.6mn....
...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...
...The Defence Command Paper will detail the government’s plans to bring new Dreadnought-class submarines into service in the early 2030s....
...Speaking last week, before the Treasury outlined plans for a major reform of the sector, Carol Young, chief executive of the £73bn Universities Superannuation Scheme, said she had no problem with new disclosure...
...News round-up Larry Fink warns retirement crisis looms for ageing world population (FT) US faces Liz Truss-style market shock as debt soars, warns watchdog (FT) International Paper’s takeover move raises...
...Under the plans, Jeremy Hunt said that by 2030 the majority of workplace pension savers would be in bigger funds of £30bn or larger, signalling a big shift in the pensions market....
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