Business Group Urges Use of Pensions to Fund Retiree Startups
Institute of Directors calls on UK government to help retirees become entrepreneurs.
Institute of Directors calls on UK government to help retirees become entrepreneurs.
Sharp decline continues two years after new rules allow withdrawals without annuities.
MSCI EM Index currently at 28.3% returns in 2017.
S&P 500 up 0.05%, while MSCI EAFE down 0.31%.
Net assets reach C$180.5 billion on C$6.4 billion of income.
Asset obliterates -6.5% benchmark with 28.79% performance.
Report says gains from modernization should be used to halt rising pension ages.
Despite a 0.9% decrease, plans up 7.3% in past 12 months.
The largest annualized growth over past five years is from North American funds.
Total assets under management rise to more than $190 billion.
Report finds most companies are interested in pension risk transfers.
Growth of liabilities outpaced assets, however, deficits are down from a year ago.
Investments returned 14.6%, giving the fund its best half-year performance in five years.