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The introduction of a framework allowing pension fund administrators (PFAs) to co-invest with private equity (PE) firms will provide industry players with an opportunity to diversify and reduce the concentration of pension funds in federal government bonds. Industry players who have received the framework have described it as a welcome development that will allow them …

Finance As Access Holdings Plc prepares to complete its acquisition of First Guarantee Pension Limited, Festus Akanbi argues that instead of acting as a stumbling block to the acquisition, FGPL stakeholders should accept the trade deal that promises to stabilize the company in the new capital exemption for pension firms One of the hottest issues …

PROVIDENCE — Mayor Jorge Elorza’s retirement bond bill cleared its first major hurdle on Thursday, as lawmakers on the House Finance Committee voted in favor of allowing Providence to borrow $515 million in the hope of resolving its pension crisis. The bill, which would authorize the city to issue the bond, is sponsored by six …

What do you want to know Giant employers are constantly making headlines with massive pension risk transfer deals. Employers enter into these agreements using group annuities. Prices for small PRT annuities can be similar to prices for jumbo PRT annuities. The primary concern of any plan sponsor or trustee of a defined benefit plan, regardless …

Whether a plan receives enough assistance to last 30 years depends on a confluence of factors, such as the plan’s contributions over that period and the amount of the plan’s special financial assistance assets relative to its assets. non-special financial assistance, Hicks said. “I think there is concern that in some of these cases these …

JThe success of a retirement risk transfer depends on working well with a variety of actors and developing a solid game plan. Paula Cole, head of Nationwide Financial’s retirement risk transfer business and “lifetime football player and chartered coach”, writes in a recent Nationwide blog post that she has applied the lessons she has learned …

Following its divestment from its own pension business, Access Holdings Plc, the parent company of Access Bank Plc, has announced its intention to acquire a majority stake in FBN Holding’s pension subsidiary, First Guarantee Pension Limited. The Group, according to a statement filed with the stock exchange (NGX), has entered into an agreement with the …

Breadcrumb Links Life Timing is crucial when you collect your dues The decision to get your government benefits sooner or later should be the one you make when planning your retirement Photo by Getty Images/iStockphoto Content of the article Should you take your government pension at age 60 or delay it until age 65 or …

Workers might be tempted to suspend workplace pension contributions during the cost of living crisis – but that could be a costly mistake when it comes to your retirement Workers risk losing thousands of pounds later in life ( Image: Getty Images) Workers who suspend pension contributions during the cost of living crisis risk losing …

A consulting firm’s data breach triggered a second class action lawsuit filed by a concerned participant on behalf of a group of approximately 2,500,000 people. The lawsuit, brought by plaintiff Greg Torrano, claims that 2,537,261 people signed up for employee benefit plans through their employers, only to find that their personally identifiable information (PII), including …

Pension and retirement planning often takes years to complete, but those dreams are in jeopardy for thousands of people. This is due to the rising cost of living, and many fear they will be financially strained as a direct result. Now, a new survey has demonstrated the extent of the problems facing those about to …

Accelerated platform will position Altshuler Shaham as a leading player in the Israeli pension fund market HOLON, Israel, May 10, 2022 /PRNewswire/ — International Sapiens Society (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced that Altshuler Shaham Investment House, one of Israel’s fastest growing provident and pension …

Tesla’s infamously erratic and eclectic CEO Elon Musk surprised many in April when he announced plans to buy Twitter for $44 billion. However, with the deal still pending approval by the relevant authorities, Musk’s attempts to buy the social media network encountered a new challenge: a Florida pension fund. The Orlando Police Pension Fund, the …

New research reveals a “deep entanglement” between the fossil fuel industry and those who govern Canada’s largest pension funds, raising concerns about potential conflicts of interest. Seven of Canada’s 10 largest pension funds have at least one board member who also sits on the board of a fossil fuel company, according to research by ShiftAction, …

Torben M Andersen, Joydeep Bhattacharya, Anna Grodecka-Messi, Katja Mann May 05, 2022 Growing income and wealth inequality has recently captured the attention of academics and public discourse. International institutions such as the European Commission, the OECD and the IMF have raised concerns that these developments, particularly the dramatic increases in income and wealth at the …

Gov. Phil Scott on Monday vetoed a pension reform bill while acknowledging the legislation is likely to become law despite his objections. The legislature gave final approval last week to a plan that relies on one-time spending of $200 million to shore up the public pension system for teachers and state employees. In return, the …

Many depend solely on the state pension, but this is far too low to cover later expenses such as serious illnesses, long-term care and funeral costs. Most retirees do not have enough savings to fund these expenses themselves. Supporting younger family members and adapting your home to the demands of future life add pressure on …