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...across cultures and geographies, as the pension fund’s chief investment officer....
...The Croatian government put pressure on insurer Allianz and threatened it with regulatory action after a local pension fund it controls pulled out of a deal that involved a €500mn payment to Kremlin-controlled...
...I have never thought too deeply about a pension. It feels insignificant because I am only thinking about the here and now. I have a company pension with Billion Dollar Boy, with £16,400 in my fund....
...“This is the first time a Saudi bank chair has moved global markets,” said one local analyst....
...“They exact more damage on the employer, and also on the workers, who can’t have a strike fund.”...
...BT’s £47bn pension scheme wrote to MPs this week saying it would be more careful in future. Our conclusion was that most funds will do the same, which will raise costs for sponsoring employers....
...Gossip Girl, Palm Beach edition Wall Street’s mass exodus to southern Florida is suddenly having an undesired effect: a shortage of spots in prestigious local schools, Bloomberg reports....
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...The private equity industry is charged with looking after $6tn of assets for public pension funds, insurance companies, and other deep-pocketed institutions....
...The problem is that unlike coal, renewables are not a big employer — at least after construction is finished....
...During the pandemic, CDFIs joined in efforts to provide lower-rate loans with help from New York, California, Washington and a coalition of southern states, raising hopes of creating new approaches to bring...
...I’d spend money on making sure broadband is well rolled out, that internet providers are competitive, so at least there is not local monopoly....
...“The reforms are even more important than the funds for Spain but they have to be done properly,” said Iñigo Fernández de Mesa, vice-president of Spain’s CEOE employers’ federation....
...The total number of retired beneficiaries already collecting their pension has reached 15.1m, which is driving up cash outflows as pension contributions from state employers and employees have failed to...
...It’s now one of Pueblo’s major employers. As local coal plants are being decommissioned, the city is plotting a future as a solar and renewable energy hub....
...Shareholder pay will only be considered once the company has caught up on its local tax bills and deferred pension contributions....
...The tiny [pension fund] step went through, finally, because it doesn’t cost anyone with any influence any money,” Mr Scissors added....
...While Democrats have called for an additional $3tn in new spending on unemployment assistance, direct payments to households, and funds for cash-strapped states and local governments, Republicans have been...
...(FT) Calpers investment chief resigns after 18 months The $400bn Californian employee pension fund said late on Wednesday that Ben Meng would leave, effective immediately....
...The forthcoming increase in costs — notably the rise in employers national insurance contributions in April — will also make it harder to free up funds for investment....
...The EU already has mechanisms whereby funds are transferred from rich countries to poor....
...The establishment did not choose Biden — though it rushed to join his bandwagon; he was saved by the southern black voter....
...This is a gift from someone, maybe savers and DB pension systems....
...(FT) California dreaming Having returned this year to Calpers, the pension plan responsible for the retirement savings of nearly 2m Californians, Ben Meng has embarked on raising the pension fund’s commitment...
...The average southern California longshore worker earned $131,000 in 2017, according to the Pacific Maritime Association, the terminals’ bargaining group....
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