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...But thousands of former Debenhams employees subsequently suffered cuts to their expected retirement benefits under the Pension Protection Fund’s reduced compensation terms....
...The restructuring was outlined in a memo last month from Lloyds’ chief risk officer Stephen Shelley, who said two-thirds of executives believed risk management was blocking progress while “less than half...
...public-sector pension funds....
...This year, contract negotiations are underway with the International Alliance of Theatrical Stage Employees — and AI is again expected to be a hot-button issue....
...across cultures and geographies, as the pension fund’s chief investment officer....
...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...
...It recently surveyed chief financial officers and found that 65 per cent of other big companies with residual pension plans have considered reopening them and 88 per cent would do so if they could reduce...
...For decades the plans — which promise guaranteed pensions calculated on salary and length of service — formed the bedrock of British workplace pension provision....
...Calpers, the US’s biggest public pension plan, is to increase its holdings in private markets by more than $30bn and reduce its allocation to stock markets and bonds in an effort to improve returns....
...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...
...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....
...Starting about 40 years ago, they essentially transferred responsibility for funding retirement from employers to employees....
...“Kids [of today] are probably never ever going to see a state pension,” Caren Evans, national officer at Unite, told the TUC conference....
...Today schemes like the Ontario Teachers’ Pension Plan rank among the largest and most sophisticated institutional investors in the world....
...Calstrs, one of the biggest US pension plans, is searching for a new chief investment officer after long-serving executive Christopher Ailman announced he was stepping down after two decades....
...Private equity executives need to “share the wealth” they create with workers at the companies they buy, according to the investment head of Calstrs, the giant US pension fund that is one of the world’s...
...This only leaves the issue of how to persuade the civil service and others to forego their current benefit structure to join the majority of private sector employees in defined contribution arrangements....
...Despite the concerns, some pension plans continue to bet heavily on private credit....
...of EnnisKnupp, a consultancy that works with pension plans....
...“Pension funds use leverage to manage cash flow and manage portfolios more efficiently,” said James Lewis, chief investment officer at the UK arm of Mercer, which advises pension funds....
...The additions come after former chief operating officer Sheryl Sandberg announced plans to depart the social media group’s board in May....
...Hulme says he encourages employees to develop expertise so that they can ask “better questions of AI”, seeing it not as a threat to jobs but a help to workers....
...Calpers From the Financial Times’ intrepid pensions guru, Josephine Cumbo, yesterday: Calpers, the US’s biggest public pension plan, is to increase its holdings in private markets . . ....
...Almost 4mn people in the UK, or more than one in eight employees, work on some form of flexible contract that could be viewed as “precarious”, the think-tank noted....
...INA’s Porwanto said the rating opened up the possibility of obtaining financing from the offshore market, although there was no imminent fundraising plan....
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