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...A UK government push to persuade local authority pension funds to plough billions of pounds into levelling up projects may conflict with trustees’ duty to secure the best returns for pensioners, one of Britain...
...In a letter, which was first reported by the Sunday Times, the Pensions Regulator asked trustees of more than 300 schemes to contact Capita to find out whether their data could have been caught up in the...
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...It pairs a “target date” fund, which lets workers pick when they want to retire and automatically invests their contributions in a changing combination of stocks and bonds, with an optional annuity that...
...The supervision of contributions is the responsibility of pension providers and the trustees of every pension fund....
...and Keva, the Finnish local government pensions institution....
...The decision of SoftBank to favour New York with the initial public offering of subsidiary Arm, a UK-based chip designer, also hurt local pride....
...Local government pension schemes are funded through contributions from local authority workers and employers, with pension savers and taxpayers sharing the risk if investment returns are not as expected....
...Planted next to the Strait of Gibraltar, they still have a capacity of 78.5 megawatts — enough to power 48,000 homes — and their dental whiteness has not faded....
...In the village of Staryi Saltiv, east of Kharkiv, Konstyantyn Hordienko, a 48-year-old councillor, embodies the can-do spirit underpinning local morale....
...While all workers will benefit from the 2p cut to national insurance contributions, many will be poorer overall because of the continued freezing of the personal tax thresholds....
...The fragmentation of defined contribution plans is even worse, with nearly 27,000 funds. With private sector DB plans mostly closed, workers will depend on inadequate DC plans....
...The UK is only 10 years into the auto-enrolment of most workers into pension savings. The idea that there is an overnight-success version of Australia’s model is for the kookaburras....
...On his last property investment, a series of large-scale housebuilding projects for low-income workers, he says he achieved a profit margin of around 20 per cent per year, between 2011 and 2017....
...In the March Budget, the Treasury flagged further reorganisation of local government pension assets....
...They said apartments at the site were “completely unaffordable for most of us locals”, adding that they were worried about the possibility of the local government stepping in as its Chinese partner’s financial...
...Separately, about 750 Unite members at pharmaceutical company GSK will begin a 48-hour walkout and Passport Office workers in the Public and Commercial Services union escalate their strikes....
...They are doing so at a time when the organisation’s status within the Church is in flux and it has had to question some of its foundational principles, including the role of its domestic workers....
...Though he initially doubled down on his support for Just Stop Oil, pledging to match funds donated to the group over a 48-hour period, a few months later Vince ended his funding....
...The majority of UK workers saving into a pension are members of defined contribution (DC) schemes, building up a finite “pot” of money to fund their retirement that can be accessed from the age of 55....
...Jacqueline Amy Jackson, head of responsible investment at London CIV, which manages £48.9bn in pension savings for local authority workers in England’s capital, said she had written to Shell to express concerns...
...Aid groups working in Idlib said they were struggling with poor communications and trying to support their local workers who had lost family members and homes in the quake....
...Such schemes typically promised workers a retirement income that was a multiple of their years of service....
...More than 14,000 European tech workers have been laid off, Atomico estimates. The trend is a reflection of investor wariness of high inflation, rising interest rates and the war in Ukraine....
...A $1.2bn World Bank development fund for Afghanistan, frozen to prevent money flowing to the Taliban, has begun to pay salaries of some public sector workers, who were the lifeblood of an economy propped...
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