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...One example is the $137bn New York State Teachers’ Retirement System, which sold 34 private equity holdings with $3.5bn in total commitments on the secondary market at the end of last year....
...One insurance executive said the emergence of a “state-sponsored” competitor could undermine insurers who had built business models predicated on a wave of corporate pension deals....
...It has lost investment mandates from Republican-led US states for allegedly being “hostile” to fossil fuel and been lambasted by Democratic activists for not doing more to divest from it....
...State Street Global Advisors developed a new product for the $32bn University of California retirement system aimed at this issue....
...Yesterday, the Jewish state cancelled a separate high-level visit to the US capital after the UN Security Council passed its first resolution demanding a ceasefire in Gaza. Five more top stories 1....
...The plan is designed to alleviate pressure on a pension system that is expected to come under huge strain in the next few years as a whole generation of “baby-boomers” born in the 50s and 60s enters retirement...
...Unions representing millions of UK workers have called on the Labour leadership to commit to scrapping state pension age rises, saying they could push retirement out of reach for today’s young....
...UK chancellor Jeremy Hunt has paved the way for the state pension triple lock to last until the end of the decade, after confirming that the Conservatives would include a pledge to keep it in their election...
...“The State Pension is the foundation of income in retirement and will remain so as we deliver a further 8.5 per cent rise in April which will increase the state pension for 12mn pensioners by £900,” it added...
...State pensions are not debt. They are not even debt-like. Eurostat is exceptionally clear on this point, going out of its way to capitalise ‘NOT’ in its description of their non-debt-like status....
...Calstrs, formally the California State Teachers’ Retirement System, has for six years in a row put more money into private equity than it has received back, according to filings....
...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....
...Indonesia is one of the top choices for new investments by state funds, along with China, India and Brazil, according to the 2024 annual report published by Global SWF, a data platform that tracks state-owned...
...The other thing that we find a lot in the United States, but more and more across the pond where you are as well, is that busyness is a source of status....
...Five unmissable stories this week JPMorgan Asset Management and State Street Global Advisors are quitting Climate Action 100+, an investor group set up to prod companies over global warming, and BlackRock...
...Currently, only those aged between 22 and the state pension age, 66, are eligible to be automatically enrolled into a workplace pension by their employer....
...Similarly, Doug Brodie, founder and chief executive of Chancery Lane Retirement Income Planning, says: “The maths is simple — if you have full state pension of £10,602, you have £1,969 tax-free allowance...
...Michael Skapinker (“It’s time we stopped talking about retirement”, Work & Careers, October 16) does not need to talk about retirement because he is not retired....
...Penn’s board has 48 voting participants, and a further 36 longstanding emeritus members who have reached the retirement age of 70 but are still allowed to attend and speak at meetings....
...plans or retirement account agreements, Pimco said in the filing....
...People on lower incomes often rely solely on the state pension to fund their retirement, but face having to wait longer to get it....
...Pension boost He has nevertheless started to think about how his windfall might boost his pensions — currently a mix of the state pension, a defined benefit fund from a past employer and a defined contribution...
...Ailman, who has served as CIO at the $318bn California State Retirement System since 2000, shared his retirement plans at a fund board meeting on Thursday morning....
...The UK’s first commercial pension “superfund” deal has been cleared by the regulator opening a new route for employers to offload weaker retirement schemes from their balance sheets....
...Giving evidence to the committee this month, Mel Stride, secretary of state for work and pensions, confirmed the government had sought broad powers to inspect the bank accounts of people receiving the state...
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