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...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....
...Assets invested in the fund via retirement accounts such as defined contribution plans would be “generally expected” to be transferred into Pimco’s Government Money Market Fund, depending on the terms of...
...Nausicaa Delfas, newly appointed chief executive of The Pensions Regulator, added that it was important for trustees of defined contribution plans to have the expertise to assess more complex assets — and...
...“The indicative valuation results show a major improvement in the [USS] funding position,” said Dame Kate Barker, chair of the USS board of trustees....
...In July, UK chancellor Jeremy Hunt announced a compact with nine of the UK’s largest defined contribution style plans to boost their investment in unlisted assets, such as private equity, start-ups and infrastructure...
...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....
...The future is DC Attention is also now switching to defined-contribution schemes, where workers’ contributions are invested and their income in retirement depends on the performance of those investments...
...Mick McAteer, a former board member of the FCA and a vocal critic of the Solvency II reforms, has publicly called for regulators to “put a hold on transfers of pension schemes to insurers until we have a...
...based on salary and length of service — to a defined contribution (DC) model, where members pay into individual accounts....
...Michela TinderaInside the UK, there’s a focus on another type of retirement system called defined contribution plans. Those are basically like a 401k for US listeners....
...Even one of the overarching review studies that NBIM itself cites — Risk And Return in Private Equity by the University of Southern California’s Arthur Korteweg — indicates that “when additional risk factors...
...Unlike a diocese, membership was not defined by geography. It was global. The head of Opus Dei reported directly to the Pope. Opus Dei’s growing influence had ruffled religious ranks....
...Üstek previously directed the Liverpool Biennial, though resigned midway, with other board members in her wake, after reported disagreements with the event’s trustees....
...support for the schemes is provided,” said chair of trustees Steve Southern....
...Steve Southern, chair of the trustees, said on Tuesday that he was “pleased” that CD&R had been able to “provide the necessary support and reassurance”, and that talks with the private equity firm were “...
...As a result, say the trustees, “the overall contribution rate would need to rise to 42.1 per cent of payroll”....
...Read to the very end — his point about how defined contribution is driving bizarrely high equity prices is SO important. The FT’s loss of him is very much Bloomberg’s gain....
...It now plans a boom in “infrastructure” so broadly defined as to include human capital as well as the inanimate kind. America’s openness to big government is not in doubt, then....
...But in practice most defined contribution (DC) pension schemes balk at investing in alternatives due to the high performance fees levied by fund managers, which put them at risk of breaching the 0.75 per...
...‘Red Ferrari syndrome’ Tiger Global’s investments have not always played out according to plan....
...“The ExxonMobil board election is the first for large US companies focusing on the global energy transition,” said Aeisha Mastagni, a portfolio manager at the California State Teachers’ Retirement System...
...In Australia’s “superannuation” system, where all the funds are managed on a defined contribution basis, trustees were inundated with requests to take advantage of the emergency relaxation of rules, which...
...As of 2020, the latest figures available, there were 29 local areas of the UK — defined using administrative boundaries which in most cases correspond to local government districts — that had five or more...
...“We are seeing a notable number of requests from companies standing behind defined benefit schemes to defer, delay or renegotiate the contributions that they are making to their DB plans,” said Darren Redmayne...
...There are about 29,000 registered defined contribution schemes in the UK, with about 27,000 of these classed as “micro” plans with fewer than 12 members....
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