As CEO of GM's Asset Management, the largest corporate pension fund
in the nation, Reed has $86 billion to invest.
When it is still in the accumulation stage, a pension fund
is like a young couple in their 30s -- their capacity for risk is higher, and they have time to make up for their investment mistakes.
Figure 3-1: Pension Fund
Size (Million US$), 2006-2008
1] municipal pension fund
may not be registered in the Register and institute before the pension fund
has obtained a license from the Financial Services Authority.
It should be standard procedure that a retiring member of any pension fund
should be provided with a very detailed statement of how the amount was arrived at over the entire period of his membership.
Kohn, president and principal of Sonnenblick-Goldman, and architect of a number of joint ventures between real estate operators/developers and major institutional investors, such as Prudential, GE's pension fund
, Principal Global Investors and CalSTRS.
Two recent letters to the Anglican Journal, both from British Columbia, urged the pension fund
to divest, saying that oil revenues fuel Sudanese government war operations.
Life insurers, along with eight trust banks, held a virtual monopoly on managing pension funds
until the 1980s.
To defeat Blakeman, McCall will have to galvanize civil service workers, state pension fund
members and black voters on the strength of his record of managing the fund.
Over 114,000 people are in the mandatory and the rest are members of the voluntary pension fund
It is an insurance policy from a fully FSA-regulated insurance company; it is not a derivative instrument - The policy covers the specific longevity risk of the pension fund
, rather than the longevity risk of the population at large, as in an index product - The policy covers the pension fund
for "whole of life," until the death of a pension fund
's last covered pensioner or their dependant; as compared to products that provide cover for only ten years - The policy requires no upfront payment, so 100% of the pension fund
's assets remain fully invested and earning returns for the fund
The GMB, which has warned of possible closures and job cuts, said the pension fund
trustees must insist that enough money is paid into the fund to cover the full wind-up value of all the pension promises to employees and pensioner members.