funds Archives - DR News - News, Retirement, Finance

Pension Fund’s Real Estate Investment Sees -8.4% Return in 2023, Alberta Reports

Edmonton, Alberta – Alberta’s largest pension fund faced a setback in 2023 with a negative 8.4% return on its real estate investments. This downturn in performance is significant for the fund, as real estate typically plays a key role in its portfolio. Despite efforts to diversify and manage risks, the fund experienced challenges in the market that impacted its returns. The Alberta Investment Management Corporation (AIMCo) manages the pension fund, overseeing investments across various asset …

Retirees Prepare for April 24th Social Security Check Payments: Requirements to Receive Funds

Miami, Florida – With the end of April approaching, many retirees in the United States are eagerly awaiting their monthly Social Security checks. The Social Security Administration has already disbursed payments to most households across the country, but there are specific requirements that retirees need to meet in order to receive their funds on April 24th. For retirees categorized under group 4, the key requirements are tied to their birthdate and the year they retired. …

Retiree with $3,000,000 Warned by Expert to Avoid Depleting Funds

Austin, Texas – A financial expert cautioned a retiree in Austin, Texas that having $3,000,000 in savings does not mean unlimited spending in retirement. The expert advised that even with substantial funds in the bank, it is crucial to adhere to a specific rule to prevent running out of money. During a call to The Ramsey Show seeking retirement advice, a 58-year-old individual from Austin disclosed that he had saved $3,000,000 for retirement and was …

Investing: Pension funds shift billions away from stocks, signaling market turbulence

New York, NY – Pension funds in the United Kingdom are facing a wave of challenges as retirement obligations mount and investment strategies come under scrutiny. Recent reports suggest that pension funds are shifting their focus away from stocks, with Goldman Sachs warning of the implications this could have on the market. The shift away from stocks is a significant development that could have far-reaching consequences for both pension funds and the stock market as …

Stock Market Shakeup: Pension Funds Withdraw $325 Billion

New York, NY – Pension funds across the country are shifting their investments, pulling a total of $325 billion from stocks. This significant move is causing ripples throughout the financial market, with analysts closely monitoring the implications. The decision to withdraw such a substantial amount from stocks reflects a growing cautious sentiment among pension funds. As uncertainty looms over the economy and global uncertainty persists, many funds are opting for safer investment options to protect …

Pension Benefit Guaranty Corporation Under Fire for $127 Million in Misspent Funds

Washington, D.C. – The Biden administration is now facing a congressional investigation after the Pension Benefit Guaranty Corporation (PBGC) distributed $127 million to deceased participants in a Teamsters’ pension fund, failing to stop the payments. The House Education and Workforce Committee sent a letter demanding records related to the agency’s “mismanagement” and “overpayment” to the union pension plan. Chairwoman Virginia Foxx and Subcommittee on Health, Employment, Labor and Pensions Chairman Bob Good wrote in the …

Pension Funds Advised to Oppose Woodside Energy Group’s Climate Strategy

Sydney, Australia – Some of Australia’s largest pension funds are being advised to push back against Woodside Energy Group Ltd.’s climate strategy, raising concerns about the energy producer’s approach to emissions. The Australian Council of Superannuation Investors, representing funds managing about A$1.9 trillion ($1.2 trillion), has cautioned its members that Woodside’s plans are not sufficiently developed, as reported in a document obtained by sources. The move by the Australian Council of Superannuation Investors could potentially …

Pension Funds: Ready for Mass Private Asset Sale Amid UK Gilt Crisis

LONDON – UK pension funds are at the center of a crisis as they prepare for a large-scale private asset sale to alleviate the pressure caused by a surge in government bond yields. In response to the recent increase in bond yields, pension funds in the UK are faced with the challenge of needing to sell off a significant amount of private assets, such as real estate and infrastructure, to cover the shortfall in their …

Stimulus Check Eligibility: Social Security Recipients Could Receive Additional Funds

Residents of Miami, Florida may be eligible to receive a new stimulus check from the IRS if they are recipients of Social Security benefits. While not all Social Security beneficiaries are required to file a tax return, doing so can potentially lead to a tax refund that can benefit their household finances. Those collecting Social Security may be entitled to Economic Income Payments from the IRS, even if they have not filed a tax return …

Disney’s Boardroom Battle: Small Shareholders vs. Hedge Funds

Orlando, Florida – The battle over the control of Disney’s board of directors continues to intensify as small shareholders and hedge funds clash in a struggle for influence. As T. Rowe Price throws its support behind Disney’s current directors, led by CEO Bob Chapek, the tension escalates with Nelson Peltz, an activist investor seeking change within the company. Peltz, known for his aggressive approach in corporate battles, has been pushing for a more significant role …