Hints and tips:
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...The firm will say ‘I’m going to charge you close to zero for OCIO service but by the way 50 per cent of the money is going to my funds.’”...
...And you can buy a bit of Global Capitalism, Inc if you buy a low-cost global equity index tracker....
...ING sold its US retirement, investment and insurance business through a stock market flotation in New York in 2013, creating the company known today as Voya Financial, which serves 5m retirement savers and...
...“I’m used to it.”...
...“Most [advice] companies charge a risk premium on top of their fee because they are having to take out private indemnity insurance to conduct the work and that is expensive,” says Andy James, head of retirement...
...Investment consultants, which oversee at least £1.6tn in pension and insurance assets, play a vital role in the retirement incomes of millions of people....
...“We make sure clients avoid the Amaranths and Madoffs, but that is also why we only propose funds of hedge funds.”...
...Not through the actions of the pension trustees or the regulator, says the UK pensions consultant John Ralfe. They may threaten or cajole, but in the end they have no incentive to pull the house down....
...M. Tariq, UK Adrian Boulding: When an employer collapses, one of the options the trustees of the pension scheme have is to wind up the scheme and secure the benefits with an insurance company....
...“However, I’m personally keen for these players to succeed because of the positive impact on price and innovation,” he says....
...The son of a Polish immigrant who helped build the first kibbutz in Israel, Mr Sharp continues to support Israel and is a committed backer of many Jewish causes....
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