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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 …

Pension Victory: Orissa HC Orders Kendrapada District Collector to Release Funds for 91-Year-Old Widow

CUTTACK, India – The Orissa High Court has intervened to ensure the timely disbursal of family pension to a 91-year-old woman in Kendrapada district, whose husband passed away 46 years ago. The court’s directive comes after months of delays in providing the pension to Hara Sahoo, whose husband, a school teacher, died in 1977. Despite multiple pleas and rejections from authorities over the years, the elderly woman has been fighting for her entitlement to family …

Bill to Ban Public Funds for Gender-Affirming Care Faces Vote in Idaho Legislature

Boise, Idaho – Idaho lawmakers are gearing up to vote on a contentious bill this week that would prohibit the use of any public funds for gender-affirming care, encompassing services for state employees utilizing workplace health insurance and for adults under Medicaid coverage. The proposed legislation garnered the approval of the House and awaits a majority Republican Senate green light before heading to Governor Brad Little’s desk for anticipated endorsement. Governor Little has consistently voiced …

Pension Funds in Japan Face Urgent Call for Professionalisation

Tokyo, Japan – Corporate pension funds in Japan are facing a professionalization push as executives and CIOs lack the necessary investment experience. In a culture that values generalists over specialists, individuals are often promoted internally within corporations, leading to a gap in investment capabilities. According to Keiichi Aritomo from FinCity.Tokyo, the lack of investment expertise among corporate pension fund executives is a common issue. He emphasizes the importance of recruiting individuals with the right skill …

Bankruptcy Blues: Texas Pension Fund’s Regional Bank Gambles Backfire

Dallas, Texas – A Texas pension fund’s investments in regional banks have taken a turn for the worse, resulting in significant losses. The fund’s decision to bet on these banks has led to financial setbacks, raising concerns about its future stability. The Texas pension fund, known for its aggressive investment strategies, placed substantial bets on regional banks in recent years. However, the performance of these banks has fallen short of expectations, causing the fund to …

Seniors to Receive March Social Security Payments This Week, Including Extra Funds

Los Angeles, California – Millions of American seniors rely on Social Security payments from the Social Security Administration (SSA) to support themselves in retirement, totaling around $1.5 trillion in benefits distributed annually. As the second round of payments is set to resume this week, starting March 13th, seniors across the country eagerly await their much-needed funds. According to recent data from the SSA, retired workers receive the majority of these benefits, with approximately $95.5 billion …

Pension Funds Urged to Boost Canadian Investments to Support TSX Future

Toronto, Canada – A veteran wealth management executive in Canada is urging the country’s largest pension plans to increase their domestic investments to protect institutions like the Toronto Stock Exchange. Peter Letko of Letko Brosseau highlighted the impact of low investment levels from Canadian pension funds on the nation’s economic and financial health in a recent interview. Letko emphasized the importance of controlling and directing capital to benefit Canadians as a whole to prevent the …