Pension

Broker-dealer in $2B New York pension scandal avoids jail

Updated 10:48 am, Saturday, September 30, 2017 NEW YORK (AP) — A broker-dealer charged with orchestrating bribe payments in a $2 billion pension fund scandal is avoiding jail time. The Daily News (http://nydn.us/2xIcRx9 ) reports Saturday that Deborah Kelley was sentenced on Friday to six months of home confinement and three years of probation, and ordered to pay a $50,000 fine. ...

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Crackdown on rip-off pension fees set to save thousands

A ban on rip-off charges for people who dip into their company pension pot early comes into force today – saving many people thousands of pounds. The crackdown includes a 1 per cent cap on early exit charges for those aged 55 or older who want access to the funds in their occupational scheme. Those that start saving into a ...

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‘Cap on early-exit pension charges gives power to people’

Guy Opperman is Minister for Pensions and Financial Inclusion. Since my appointment, I have seen first-hand the enormous social and financial changes that millions of people are benefiting from thanks to our pension reforms. From the continued success of automatic enrolment which is helping more than 8.5million save into a workplace pension, or my recent announcement that all cold calling ...

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Kentucky’s pension system must be reformed

By BOB MARTIN Contributing columnist There is a crisis growing in state, municipal, and local budgets; among all states, unfunded pension liabilities total $3.8 trillion (Rauh, 2017), while their reported outstanding debt is $1.1 trillion. Further, at the federal level, Medicaid, Medicare and Social Security’s unfunded liabilities total $127 trillion, coupled with $20 trillion in outstanding federal debt. You can ...

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National Pension Service Has $193.92 Million Position in Wells Fargo & Company (WFC)

National Pension Service increased its position in shares of Wells Fargo & Company (NYSE:WFC) by 10.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,476,479 shares of the financial services provider’s stock after buying an additional 317,441 shares during the period. Wells Fargo & comprises approximately 1.2% of ...

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National Pension Service Acquires 136,017 Shares of Altria Group (MO)

National Pension Service grew its holdings in Altria Group (NYSE:MO) by 10.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,418,740 shares of the company’s stock after purchasing an additional 136,017 shares during the quarter. National Pension Service owned approximately 0.07% of Altria Group worth $105,554,000 at the end ...

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Edo govt releases N212 million to offset pension arrears

The Edo State Joint Account and Allocation Committee, JAAC has released the sum of N212, 879, 000 for the payment of monthly pension out of the N2, 868, 174, 276 that accrued to the 18 local government councils as revenue for September 2017. The Head of Administration, Esan-West Local Government, Desmond Imonikhe, disclosed this after the JAAC meeting in Government ...

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Public Sector Pension investment Board Reduces Position in WageWorks, Inc. (WAGE)

Public Sector Pension investment Board lowered its holdings in shares of WageWorks, Inc. (NYSE:WAGE) by 28.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,074 shares of the business services provider’s stock after selling 7,500 shares during the period. Public Sector Pension investment Board’s holdings ...

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Ontario Teachers Pension Plan Board Trims Stake in Mohawk Industries, Inc. (MHK)

Ontario Teachers Pension Plan Board cut its position in Mohawk Industries, Inc. (NYSE:MHK) by 34.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,196 shares of the company’s stock after selling 12,546 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Mohawk ...

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