Hints and tips:
...UK defined-benefit pension funds, where pensions are related to final or career average pay, have a near-uniform commitment to liability matching....
...Michael Tory, co-founder of advisory firm Ondra Partners, says that the UK is the only major economy where local pension funds have in effect abandoned investment in domestic companies....
...But output per worker in the private sector was 14 per cent higher....
...This presents a significant problem for Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund with $1.7tn of assets, as well as other worldwide pension funds that adopted tough...
...Local authorities redesigned town centres to favour walking and cycling over polluting private car access, and gave more space on streets to local businesses....
...Added to that is the fact that the real fed funds rate in Q3 21 was -4 per cent. And there has been QE as well. Household balance sheets and company capex will both be stronger than the UK....
...The Covid-19 vaccine(s) will prove a shot in the arm for both the UK economy and its peers....
...This week New York City comptroller Scott Stringer, who oversees the huge city pension funds that own 2.4m shares of JPMorgan, issued a letter urging other investors to vote against Mr Raymond....
...Against that, rebalancing by pension funds could provide a welcome bid to equities,in the near term at least....
...The premise of corporate carve-out, which Blackstone led alongside Singapore’s GIC and a Canadian pension fund, was simple: shred costs, focus the business, lift profits, pay down debt, relist or flip the...
...And a 40-minute drive away in Yichun workers handle highly reactive rectangles of solid lithium metal using gloves inserted into an airtight container full of argon....
...Savers (both retail and institutional) expect liquidity, on tap, partly fuelled by pensions freedoms and partly by the impact of Woodford collapse/ Property Fund shuttering....
...The hold-up, a reform of Tata’s UK pension fund, has just been concluded, paving the way for a joint venture agreement....
...Pensioners and [direct benefit] pension funds should see some benefit from higher gilt yields but for many the squeeze will continue....
...Rather, they were caused by nonfinancial corporations, insurers, pension plans, hedge funds, and other banks that were pulling their savings out of money-market mutual funds (the big buyers of commercial...
...Risk is that rising labour costs — Living Wage, NI and pension payments will hit further job growth from SMEs....
...But local dirigisme goes beyond planning. One St Peter’s Square is among many of the commercial properties that Manchester’s public pension funds have invested in....
...Retail investors are hardly in a position to model future revenues from property taxes, or extrapolate a generation of pension liabilities from the latest city workers’ pay deal....
...(WSJ) Alcoa to sell excess energy in Brazil: Soaring power prices in Brazil have made it more profitable for Alcoa, the US aluminium maker, to cut local production of the metal and move into energy trading...
...The fund, the Sheet Metal Workers Local No. 33 Cleveland District Pension Plan, said it had entered into CDS deals with Citigroup....
...(Financial Times) US pension fund sues big banks over CDS ‘dominance’: The class action antitrust suit filed by the Sheet Metal Workers Local No. 33 Cleveland District Pension Plan pension fund accuses...
...The city has started to accept donations to fund safety inspections of its fire ladders after the fire chief told his workers not to use the equipment except in life-threatening situations because the authorities...
...Institutional investors and foreigners snapped up beaten-down technology and car stocks in Seoul, where the South Korean state-run pension fund plans to invest Won620bn in the local stock market....
...Responsible fiscal policy would have moved the fiscal accounts into surplus and would have potted up funds for a rainy day....
...• If you’re a salaried worker, why not just go somewhere else?...
International Edition