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Showing 571 - 580 of 3872 results for "Pension"

Federated Hermes secures $486m for private equity fund

ANDREW MCKEAN  |  WEDNESDAY, 12 JUL 2023
Federated Hermes has closed its fifth private equity co-investment fund (PEC V), exceeding its initial fundraising target by a substantial margin. The fund, which was launched in December 2021 with a target of $400 million, closed last month with a ...

UK pensions tapped to strengthen local startups

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
The UK Treasury has announced plans to consolidate the nation's pension fund sector and unlock £75 billion in retirement savings to back high-growth companies. Yesterday, Chancellor Jeremy Hunt delivered the Mansion House reforms and cited plans ...

Rising costs bite asset owners

KARREN VERGARA  |  MONDAY, 3 JUL 2023
... costly as they find it harder to pass such expenses on to clients. About 200 global asset owners canvassed, which include pension funds, insurers, and endowments, reveal that they find it hard to implement material increases in flat fees for institutional ...

Ontario Teachers' appoints head of APAC

CASSANDRA BALDINI  |  WEDNESDAY, 28 JUN 2023
Ontario Teachers' Pension Plan (OTPP) has named Bruce Crane as its new executive managing director and head of Asia Pacific, succeeding Ben Chan. Crane takes over from Chan who retired earlier this month and will report to chief investment officer ...

More pension funds, insurers impacted by MOVEit mass-hack

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2023
Among other companies to confirm their involvement, a second US pension fund has notified members their personal information was stolen in the same breach impacting members of CalPERS. The California State Teachers Retirement System (CalSTRS) told members ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
An academic has raised concerns about the impact anti-hawking laws will have on superannuation funds' ability to provide financial advice amid the federal government's proposal to open advice to other channels. Anthony Asher, an associate professor ...

Cyber breach claims CalPERS member data

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
More than 750,000 retired members of one of the world's largest pension funds have had their personal information accessed in a cybersecurity breach. The California Public Employees' Retirement System (CalPERS) is alerting its retired members and their ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
... prompted the instability. The BoE said large banks, insurers, central counterparties, and a variety of funds including pension funds, hedge funds, and funds managed by asset managers, will be included in the review. "This reflects the wide range of institutions ...

AMP rolls out new North features

CHLOE WALKER  |  THURSDAY, 15 JUN 2023
... newly enhanced MyNorth Lifetime Super Calculator provides advisers with recommendations on strategies to maximise both Age Pension benefits and Centrelink Asset Test discounts. It includes structure capital in the accumulation phase to help clients better ...

SWFs double in size, eye alternatives

JAMIE WILLIAMSON  |  THURSDAY, 15 JUN 2023
... investment in alternatives over the years. It has grown 44% in the last two years and now surpassed Norway's Government Pension Fund Global which has US$1.2 trillion. This focus on alternatives is now flowing through to other SWFs, the report says, with ...