March Madness: Fed Forecast for the Week a Risky Bet, Says Pensions & Investments

New York, NY – As the Federal Reserve gears up for its March meeting, expectations are high for the central bank to hold off on any drastic policy changes. With inflation still a concern and uncertainty surrounding the ongoing pandemic, many analysts believe the Fed will opt for a cautious approach. Despite recent signs of economic recovery and a strong labor market, Fed officials have been vocal about the need for patience and flexibility in …

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“Compensation” Paid to Victims of £11.5m “Pensions Industry” Fraud Scandal

London, UK – More than 200 individuals fell victim to a pension scandal involving Norton Motorcycles, resulting in the loss of £11.5 million across three retirement schemes. The Fraud Compensation Fund recently disbursed £9.4 million to these schemes, offering a glimmer of hope to those affected by the fraud over a decade ago. During the years 2012 and 2013, unsuspecting individuals were duped into participating in a pensions liberation fraud scheme, authorizing the transfer of …

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Pensions to be Revolutionized with Germany’s ‘Generation Capital’ Plan According to New Proposals

Berlin, Germany – With Germany’s baby boomers from the late 50s and 60s now reaching retirement age, the country faces a challenge of supporting an increasingly aging population while dealing with a shrinking workforce. The pension system, established in 1889, relies on a public retirement insurance scheme where contributions from the current workforce support the pensions of retirees – a system known as the “intergenerational contract.” In the 1960s, there were six workers for every …

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Workers’ Rights: Why Is Life Not Better Despite Bank Holidays and Improved Pensions?

Dublin, Ireland – Despite improvements in bank holidays and pension benefits, many workers are still struggling to make ends meet. The promise of a better quality of life for employees seems out of reach for some, raising questions about the true impact of these advancements on the workforce. The implementation of additional bank holidays and enhancements to pension schemes were intended to uplift workers and improve their overall well-being. However, the reality on the ground …

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Pensions in Rhode Island: Can the State Afford Cost-of-Living Raises for Retirees? New Report Analyzes Options

Providence, Rhode Island – Amidst financial concerns, Rhode Island is contemplating the possibility of reinstating cost-of-living adjustments for retiree pensions. A recent report delves into the various options available to the state to address this issue. The potential decision holds significant implications for retirees who rely on these pensions. As the state grapples with budgetary constraints, the feasibility of providing these raises is being carefully evaluated. Residents, lawmakers, and pensioners alike are closely following the …

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Teacher Shortage Crisis Grips Remote Alaska Village Due to Lack of Pensions and Rising Costs

JUNEAU, Alaska – Cory Hughes, a teacher in a remote Alaska village, faces the harsh reality that he may not be able to afford retiring there due to the state’s lack of pension plans for educators. Despite his love for the community and its unique way of life, the financial strain may force him to leave sooner rather than later. The current lack of long-term planning in Alaska’s school system is a topic of concern …

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Is The U.S. Is Facing A Retirement-Saving Crisis?

Over 90% of Seniors believe the United States is in the midst of a retirement savings crisis. It’s a significant issue. It is vitally crucial to have retirement funds. And the sooner you begin developing yours, the better.

Transformational Change: New Mexico PERA Embracing Private Assets to Strengthen Pensions

Santa Fe, New Mexico – The New Mexico Public Employees Retirement Association (PERA) is undergoing a significant transformation, shifting its focus towards private assets to enhance its financial performance and secure the retirement benefits of its members. In a move to diversify its investment portfolio, PERA aims to allocate a larger portion of its assets to private markets such as real estate, private equity, and infrastructure. This strategic shift comes at a time when traditional …

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Unlock UK Pensions: Leading Think Tank Recommends US-Style Flexibility

London, England – A leading think tank has called for Britain to adopt a more flexible pension system similar to that of the United States. The Resolution Foundation think tank, in partnership with the abrdn Financial Fairness Trust, released a report proposing that individuals should have the ability to access their pension pots at any time to deal with unexpected financial challenges. Currently, individuals who access their pension before the age of 55 will incur …

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Capita Blunders Affect Retired Firefighters’ Pensions, Raising Concerns about Civil Service Contract

London, UK – Retired firefighters from the Ministry of Defence’s fire and rescue service are facing significant delays and payment issues with their pensions, following a £525 million contract awarded to outsourcing group Capita in 2019. Since Capita took over the administration of the Defence Fire and Rescue Project (DFRP), retired workers and spouses of deceased pensioners have reported miscalculated benefits and lengthy delays in receiving their payments. The mistakes have left some individuals waiting …

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