Brazil Drops Pension Reform in Favor of Military Intervention
Moody’s determines measure 'credit negative.'
Moody’s determines measure 'credit negative.'
Cites problems coming from “highly optimistic” rate of return, lack of employee contributions.
Research shows that institutional investors rely on past performance to gauge future returns.
Teachers to now choose between two plans in new reform.
Average British Steel pensioner transferred £400,000 in benefits to “unsuitable” funds.
FCA, TPR to tackle key risks facing the sector over the next five to 10 years.
Concept being applied to additional city departments.
Total assets gain C$8.9 billion to reach record high of C$337.1 billion.
Hunt points to funding difficulties due to lawmakers setting obligations.
Employer contribution increase, COLA reductions are also being discussed.
Employees Provident Fund also declares highest dividend in 20 years.
Fund adds $4.9 billion for total assets of $126.9 billion.
But fund’s 4.6% loss is nearly half of what market lost overall, Eliopoulos says.
General Assembly, pension advocacy group, Democratic Party publicly respond via social media, local radio.