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...Thousands of members of the pension plan of collapsed retailer Debenhams are to have their retirement benefits restored under a groundbreaking deal for the UK’s nascent “superfund” market....
...People familiar with the retirees’ dispute said it centred on a discount rate being used to calculate the lifetime value of the partners’ retirement benefit....
...Some of the 350 former partners who are entitled to retirement benefits from the firm have reacted with anger after being told their regular payments would be replaced with a lump sum following the sale...
...The data — collated by The Pensions Regulator (TPR) and published in the committee’s report — showed the decline coincided with a big swing in scheme investments away from return-seeking assets, such as...
...It also disclosed in the agenda notices for its May 1 investment board meeting that it had discovered “significant data and calculation issues” while trying to estimate its 2022 carbon footprint....
...Calstrs has historically used some leverage within certain strategies, such as derivatives trading, but the proposal approved by the Teachers’ Retirement Board investment committee will enable the giant...
...The trustees in charge of Social Security, the government retirement programme, estimated last year that it would have to start cutting benefits in 2033, unless Congress raised the retirement age or levied...
...strategist at Allianz Investment Management....
...“Strong and ongoing growth in private equity returns is behind this measured and appropriate increase,” said Calpers trustee David Miller, chair of the investment committee....
...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...
...Ailman, who has served as CIO of the California State Teachers’ Retirement System since 2000, announced his retirement at a board investment committee meeting on Thursday....
...The rising costs of retirement were underlined last week in revised estimates for the minimum annual income required for a “comfortable” or “moderate” retirement by the Pensions and Lifetime Savings Association...
...but has under-saved for retirement....
...SACRAMENTO, Calif. — The California Public Employees’ Retirement System has selected Stephen Gilmore, a senior investment leader with extensive experience in public and private financial institutions and...
...It managed to find profitable investments — often multi-decade, illiquid ones — to pay for the annuity guarantees made to DB schemes....
...investment (LDI) strategies....
...So-called defined benefit pension funds are already subject to disclosure requirements on their asset allocation....
...Given the reduction in CGT allowances it becomes more important than ever that you use your tax wrappers for investments with the best chance of growing in value, leaving low-risk investments such as cash...
...The BlackRock chief also warned that the rise of defined contribution pension plans had combined with the growing strain on the social security government retirement programme to leave the US particularly...
...The popularity of the “Fire” movement has grown in recent years, as more workers dedicate their careers and investment portfolios to an alluring goal: achieving financial independence and retiring early....
...Analysis from The Pensions Regulator suggests that more than 3,750 of the UK’s defined benefit-style retirement plans have assets in excess of their liabilities or are in surplus. Read more here...
...customer’s objectives, and a loss of safeguarded benefits or valued features....
...The funding situation for defined benefit schemes has improved dramatically over the past 18 months, largely due to an increase in interest rates....
...Claer Barrett, the FT’s consumer editor and author of the Sort Your Financial Life Out newsletter series, will lead a live jargon-free discussion showcasing how tax savings on your investments can add up...
...They would also reduce their fiscal cost and create new investment powerhouses, helping to lift national investment and economic growth for the benefit of all....
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