Pensions
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WASHINGTON, May 22- Pension funds- those old guaranteed-benefit retirement plans your grandma might have told you about- outperform those in 401 plans year after year, according to new research from consulting company Towers Watson.
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CHICAGO, May 21- A job and a paycheck- they go together like coffee and cream. But when you retire from your regular job, does that mean you have to give up the cream? They want a piece of the $5.1 trillion in assets that the Investment Company Institute says was in workplace retirement plans last year.
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PHOENIX-- A bill backed by top Republicans in the Arizona Legislature that replaces pensions for new judges and other elected officials with a 401- style retirement plan passed the Arizona Senate on the second try Wednesday. The House already voted for the bill, but a second vote is required because of Senate amendments before it heads to Gov.
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SANTA FE, N.M.-- Voters booted Republican Dan Foley from office after a decade in the New Mexico Legislature, and within months he began collecting taxpayer-financed pension benefits _ even though he was only 39 years old.
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CNBC's Rick Santelli identifies what he sees as a root cause of financial problems for the states.
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To retirees, the offers can sound like the answer to every money worry: convert tomorrow's pension checks into today's hard cash. NYT Reports.
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In a growing trend, Dairy Crest, one of Britain's top producers of dairy products, has transferred 20,000 pounds of cheddar cheese to its pension fund.
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CNBC's Bob Pisani explains how ETF's are gaining ground for many people planning their retirement portfolios.
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CNBC's Rick Santelli talks with Brian Graff, American Society of Pension Professionals and Actuaries CEO, about who will get hurt the most in a proposal that limits pension contributions.
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JPMorgan's pension fund is sending a letter to JPM's shareholders urging for a separation of the CEO and chairman position, reports CNBC's Kayla Tausche.
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Robert Romasco, President of AARP, defends the organizations stand on social security reforms and the impact of entitlement program on the nation's growing deficit problem.
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Tax incentives to spur retirement-plan contributions lead only relatively wealthy, well educated Americans to save more, studies show. Automatic contributions work much better.
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Outsized risks by hedge funds and fees could imperil pensions, says Simon Lack, SL Advisors founder and author of "The Hedge Fund Mirage."
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Sheikh Maktoum Hasher Al Maktoum, executive chairman at SHUAA Capital, explains why pension funds are buying into emerging countries as well as why he is focusing on SME asset based lending, and moving away from any banking and sovereign risks.
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The stock rally, low fixed-income yields, plateauing commodities and legal pressures have added to the concerns many investors have when dealing with hedge funds.
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Craig Dunn, CEO of AMP, tells CNBC how falling interest rates have boosted domestic sentiment in Australia, helping achieve a 2 percent rise in fiscal-year net profit.
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*Austria's Fekter welcomes plan to boost coffers. LONDON, Feb 14- The European Union's executive formally proposed on Thursday a tax on financial trading in 11 countries to raise up to 35 billion euros annually, a step investors said would hit savers and pension pots.
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*Options limited amid tight budgets, Washington gridlock. WASHINGTON, Feb 5- For too many of Vada Lindsey's lower-income clients, their hard-earned 401 accounts become go-to emergency funds when they are faced with unexpected cash needs.
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CNBC's Kayla Tausche reports BofA's "Face Retirement" site shows users digitally aged photos of themselves in an effort to compel people to save more money for their "golden years." And, CNBC's David Faber takes a peek at what his retirement will "look" like.
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Retirees are ditching government bonds and demanding riskier assets.