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Related Special Reports
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...Weingarten: There are times as an AFT trustee, when you’re sitting on the board of a pension fund and you see $4bn in front of you and you have to make an investment decision. Wow....
...These fees are currently included in a 0.75 per cent annual cap on charges for workers auto-enrolled in workplace pensions known as defined contribution plans....
...Many executives are tired of the balance sheet volatility, the ongoing risk and potential demands for top-up payments from scheme trustees....
...fund liabilities on the balance sheet....
...This isn’t solved by more ‘professional’ trustees: we need trustees asking the stupid questions. Third, despite some claims, pension schemes don’t have to be leveraged....
...Designed by Annabelle Selldorf, darling of boards of trustees and upmarket galleries (and currently redesigning the Frick Collection), the shafts of her One Domino Square towers are almost ghostly....
...to reduce the volatility of pension liabilities on company balance sheets....
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...She is not registered with the country’s state pension system and said she never received a salary during more than 34 years of service....
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...BHP, the world’s largest miner, has to pay $280mn to reimburse 30,000 workers for loss of public holiday payments over a 13-year period....
...“We need to look at our rules and practices with a fresh set of eyes and a blank sheet of paper and ask ourselves, ‘What is the right regime for us for the next decade and beyond?’”...
...So I think ask the question, but you can’t, you can literally email your pension, you know, whoever you’ve got your pension with, you can email them and say, how do I find out what’s in my pension?...
...The Dutch pension fund Pædagogernes said last week that it divested $43mn of Amazon shares over the company’s failure “to respect basic worker rights”....
...There has been a lot of chat recently around establishing a Productivity Board. We would fully endorse this....
...Defined contribution plans at the mercy of markets With defined contribution (DC) or money purchase plans, investment returns are crucial to the level of pension that scheme members receive....
...A UK survey this week from investment manager Abrdn showed the share of older workers planning to carry on working into their retirement has nearly doubled in two years thanks to insufficient pension savings...
...plan....
...China’s pension reforms are attracting international investors such as BlackRock....
...Under government plans, the 0.75 per cent ceiling on annual management fees for workers auto-enrolled into workplace pensions would be loosened, to allow greater investments by schemes in illiquid assets...
...The banks are still sitting on those bridge loans, having twice called off plans to syndicate the debt — though they did privately sell a chunk of the riskiest debt to the Canadian Pension Plan Investment...
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