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...The writedown is also more than double the cut taken in percentage terms on Thames Water in 2022 by the utility’s biggest investor, the Ontario Municipal Employees Retirement System, one of Canada’s biggest...
...One day after April Fools’, the $495bn California Public Employees’ Retirement System has announced that another sucker has decided to subject themselves to what might be the worst job in the entire global...
...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...
...There is a crisis of confidence in the bankruptcy system caused by the twin problems of the scandal in Houston and blatant abuse by debtors such as Sorrento which choose their bankruptcy court and judge....
...Britain’s £1.4tn DB retirement system serves about 10mn retired and current private-sector employees....
...At the time, this was greater than the official estimate of the entire private sector pension system’s asset base. It was greater even than the stock of outstanding public debt....
...The $38tn US retirement system is one of the world’s largest, and US employers were among the first to shift from defined benefit pensions to defined contribution plans....
...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 . . ....
...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 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....
...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...
...Among them were Canadian pension fund Ontario Municipal Employees Retirement System, as well as the Abu Dhabi and Chinese sovereign wealth funds....
...Steven Meier, chief investment officer of the $264bn New York City Employees Retirement Systems, said his fund was expanding into private credit when “everyone else has pulled back”....
...At only 3.4 per cent of salary, companies’ median contributions to the DC pensions of their employees, scarcely eclipse the legal minimum....
...the pension plans of public employees — has already scored wins this proxy season at two big Wall Street banks....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...Institutional investors that sided with the activist proposals include Norway’s sovereign wealth fund, the Canada Pension Plan Investment Board, California Public Employees’ Retirement System and the California...
...There are no current proposals to shake up the rules so that workers get to choose their own workplace pension provider, as employees in Australia do....
...Steve Webb, former pensions minister and now partner with LCP, the actuarial consultants, said: “I think this is a terrible idea. It could lead to a fragmentation of the pension system....
...Big reforms to the UK pension system, expected to boost the retirement pots of young workers by tens of thousands of pounds, may not be implemented until 2025, warn experts....
...Meanwhile, offsetting changes to the benefit system have cushioned the impact of stagnating incomes and the surging cost of living for lower-income households....
...pension providers....
...The almost 50-person in-house investment management team at BAE Systems is set to join GSAM towards the end of this year to continue managing the two DB schemes, which promise to pay employees’ pensions...
...The change is aimed at reducing the proliferation of pension pots in the system when workers change jobs but experts said the government appeared to be pulling back on the proposal....
...The Labour party this week brought out its own plans to drive more pensions capital towards British businesses, announcing a review of the pension system....
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