Privately-held FTX’s pending sale to its rival Binance could suck out billions in net worth not only from FTX founder Sam Bankman-Fried’s fortune, but also a deep bench of blue Read more
Tag: Pension Funds
Here’s why you should be worried about state and local pensions
America, about 26 million people across America are relying on state and local pension plans to take care of them in their retirement years. That figure includes 15 million retired Read more
Some Republican senators are talking openly about Social Security cuts
If the Republican-controlled Congress comes for your Social Security benefits in the next few years, don’t say they didn’t warn you. They did. Utah Sen. Mike Lee brings to a Read more
Opinion: Forget the $22,500 limit, some workers can supersize their tax-deferred retirement savings up to $265,000 in 2023
If you really want to rev up your retirement savings and minimize income taxes, the best thing to be is a late-career professional in private practice. When you’re making a Read more
This U.S. pension plan faces a bigger crisis than the U.K.’s
Could the U.S. pensions behemoth be hit by the kind of crisis that just swept across the U. K.? Don’t bet on it, says ratings agency Fitch. This kind of Read more
Pension trade body urges Bank of England to extend bond-market support until end of October
A U.K. trade body for the pensions industry has urged the Bank of England to extend its emergency action to purchase bonds to prop up the market. The Pensions and Read more
Bank of England official says $1 trillion in pension fund investments could’ve been wiped out without intervention
A top Bank of England official confirmed for the first time that worries that a popular pension fund investment would collapse prompted the intervention by the central bank to buy Read more
U.K. pensions regulator pushed funds into derivatives strategy that prompted Bank of England rescue
The derivatives-based investment strategy that tipped the U.K.’s pension sector into crisis started with good intentions: Help companies fulfill promises they made to employees to pay a steady income through Read more
Calpers highlights ‘lost decade’ for private equity after missing out on $11 billion in gains
The nation’s largest pension fund got a scathing performance review Monday when its new investment chief highlighted the retirement system’s underperforming returns and estimated it missed out on $11 billion Read more
Market rout sends U.S. state and city pension funds to worst year since 2009
Public pension plans lost a median 7.9% in the year ended June 30, according to Wilshire Trust Universe Comparison Service data released Tuesday, their worst annual performance since 2009 and Read more
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