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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....
...Virginia Retirement System said they are adding the tactic in the near future. The eight US funds known to have embraced leverage together manage $1.5tn....
...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...
...One day after April Fools’, the $495bn California Public Employees’ Retirement System has announced that another sucker has decided to subject themselves to what might be the worst job in the entire global...
...Such growth would require huge amounts of electricity, even if systems become more efficient....
...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...
...Fink’s letter raised issues more than it suggested concrete solutions, but he wrote that Japan had found ways to encourage people to stay in work longer and that Australia’s national retirement savings system...
...State Street Global Advisors developed a new product for the $32bn University of California retirement system aimed at this issue....
Past performance does not guarantee . . .
...The portfolio shake-up, which was confirmed after a scheduled asset allocation review, will bring the California-based plan into line with other big retirement systems in the US, including Calstrs, which...
...Britain’s £1.4tn DB retirement system serves about 10mn retired and current private-sector employees....
...The judicial system has basically vanished. Political parties tend to be parties of big men, as it were, or big women. So we don’t have the institutions....
...She said that “focusing the pension system on value rather than cost alone will be hugely beneficial for savers.”...
...And at retirement a single large pot will attract better annuity rates and access to a wider range of post-retirement options....
...PensionBee, a pension consolidator, was one of the few pension providers to express public support for a system shake-up....
...The present value of pension entitlements under current social insurance systems are in the same ballpark. Challenges facing aging societies are manifold....
...Now the BoE plans to stress test insurers on their exposure to reinsurers through a flurry of corporate pension deals, as concerns mount about the risk posed by offshore arrangements to UK retirement savers...
...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....
...Representatives voted 84 to 64, with three abstentions, to advance a bill that would redesign the pension system....
...What I will be doing is travelling the country and speaking out to see if there is an interest in creating a movement to mobilise the middle and bring Americans together,” Manchin said as he announced his retirement...
...The 37 partners have agreed to accelerate their retirement as part of the latest overhaul. PwC’s staff were told of the cuts during a call on Wednesday morning....
...These funds did not appear at all in the previous tax year, when Legal and General Group, Aviva, Rio Tinto, Jupiter Asian Income — which focuses on high-yield Asian companies — and BAE Systems made up the...
...The California Public Employees’ Retirement System has named a new chief investment officer to replace the former CIO, who in 2023 left the job after less than two years....
...The chancellor said he would modernise the rules by replacing the “non-dom” system, replacing the concept of domicile in tax with a residence-based system....
...McCall credited the Biden administration’s pro-industrial economic policies with creating more job and retirement security for his members....
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