Uber to Begin Rolling Out Pensions to 70,000 UK Drivers
The ride-sharing firm’s plan will be provided by NOW: Pensions and managed by Adecco.
News
Ken Griffin Takes Fire Again Over Robinhood–GameStop Imbroglio
Social media explodes as a lawsuit charges he colluded with the brokerage to thwart meme investors.
Boston University Joins Harvard in Divesting From Fossil Fuels
The $3 billion endowment, which eliminated coal and tar sand investments in 2016, will phase out crude oil and natural gas immediately.
Lawmakers Propose Portable Retirement Accounts Bill
The PRIA Act is intended to help Americans avoid losing retirement funds when changing jobs.
SEC Reportedly Subpoenas PSERS Over Alleged Compensation, Gifts
The regulator is also seeking information on a financial misstatement from 2020 that triggered a contribution increase.
Yellen: Inaction on Debt Ceiling Could Bring a Recession
The Treasury chief decries stalemate in Congress on spending authority.
Washington University, Duke Report Record Fiscal 2021 Returns
The endowments gain 65% and 55.9%, respectively, in what has been a banner year for institutional investors.
At Long Last, Dividends and Buybacks Are Starting to Pick Up
Companies, tightfisted on payouts since last year’s market wipeout, feel flush now, Credit Suisse says.
UK Task Force Provides Recommendations to Boost Pensions’ Voting Powers
British pensions investing in pooled funds currently have no right to vote on issues such as climate change, diversity, or pay.
SEC Charges Purported ‘Green’ Mining Company With Fraud
Back to Green Mining and two of its executives are accused of stealing $2.7 million from investors.
What’s Buzzy: Cathie Wood Likes T-Bonds Over Large Caps
The doyenne of disruption thinks deflation will change the game board. Except for her beloved Tesla.
Virginia Retirement System Pays Out $7.85 Million in Incentives to Investment Staff
The state pension fund credits an actively managed portfolio for this fiscal year’s 27.5% investment return.
State Pensions Reach Highest Funded Level in 13 Years
US public employee pension plans are projected to be more than 80% funded on average.
NYC Comptroller: Police Withdrawal of Pension Group ‘Defies Logic’
Scott Stringer also taps Eneasz Kądziela to oversee city pension funds’ $18 billion private equity portfolio.