Hints and tips:
Related Special Reports
...One example is the $137bn New York State Teachers’ Retirement System, which sold 34 private equity holdings with $3.5bn in total commitments on the secondary market at the end of last year....
...Removing three key inheritance tax reliefs could raise £3bn for the Treasury in the current tax year and would result in a fairer system, according to a leading think-tank....
...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 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...
...The chancellor said the relief was supposed to support investment in the private rented sector but there was “no strong evidence” that it does so, and that the relief was “regularly abused”....
...“What a relief that it all ended that way. It all probably was meant to scare people,” she said....
...Fink’s letter raised issues more than it suggested concrete solutions, but he wrote that Japan had found ways to encourage people to stay in work longer and that Australia’s national retirement savings system...
...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...
...The government has been encouraging institutional investors to put money into building and owning rental homes, including student and retirement housing, to help increase supply and bring down prices....
...Fears about the US retirement system have been swirling for years, as the working-age share of the US population falls and more retirees live into their 80s....
...At least one of them, and maybe two, applies to private credit, too: The fast growth of the private equity industry has led to greater competition for assets, and therefore higher purchase valuations....
...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 growing reliance on illiquid assets has also introduced new challenges in terms of cash flow for defined benefit style funds, such as Calstrs and others public retirement systems, which must pay regular...
...Britain’s £1.4tn DB retirement system serves about 10mn retired and current private-sector employees....
...The shift is likely to come as a relief to the many investors holding forms of the so-called “60/40” portfolio, which allocates 60 per cent to stocks and 40 per cent to bonds and is designed to lower risk...
...However, it shies away from this role, leaving it to the debtor to seek relief and assurances from bilateral creditors over whom it has little leverage....
...She said that “focusing the pension system on value rather than cost alone will be hugely beneficial for savers.”...
...And at retirement a single large pot will attract better annuity rates and access to a wider range of post-retirement options....
...A proposed shake-up of the UK’s pension market to give millions of workers the right to choose a retirement “pot for life” risks leaving savers worse off, industry leaders and unions have warned....
...of the global system....
...The present value of pension entitlements under current social insurance systems are in the same ballpark. Challenges facing aging societies are manifold....
...There remains a good deal of uncertainty around the tax position of pensions and pension holders. A change of government could yet see a wholesale transformation of the tax relief environment....
...Policymakers can fund debt relief, and can progress frameworks that would allow quick responses to failing banks....
...Ailman, who has served as CIO of the California State Teachers’ Retirement System since 2000, announced his retirement at a board investment committee meeting on Thursday....
...Somalia is set to receive significant relief of its international debts, allowing a country battered by civil war, terrorism and near economic bankruptcy to rejoin the global financial system after an absence...
International Edition