His then - firm, Quadrangle, won $ 100 million in
pension business in 2005 with the help of Hank Morris, Hevesi's top political adviser, who collected $ 1 million in kickbacks as part of the deal.
Manulife had signed a memorandum of understanding (MOU) with the Unit Trust of India to enter
the pensions business in India, but had allowed the agreement to expire.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected
in such forward - looking statements and that should be considered
in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our
business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial,
business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases
in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for
business aircraft, including the effect of global economic conditions on the
business aircraft market and expanding conflicts or political unrest
in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions
in the industries and markets
in which we operate
in the U.S. and globally and any changes therein, including fluctuations
in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain
in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on
pension plan assets and the impact of future discount rate changes on
pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both
in the U.S. and abroad; 20) the effect of changes
in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction
in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco
business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco
in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to
business relationships and other
business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing
business internationally, including fluctuations
in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Over
in the UK, many small
businesses are undoubtedly thinking hard about the viability of employing extra staff before legislation that forces employment contributions to
pensions comes into force.
They had about # 30,000 (~ $ 36,800)
in cash savings with the remainder of their net worth invested
in rented - out residential property, private
pensions, and investments including ETFs and bonds, Jason told
Business Insider
in an email.
Every national postal service
in the developed world is facing the same assault on its core
business (and most have loads of financial baggage associated with the
pension obligations for large workforces).
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions
in the industries and markets
in which United Technologies and Rockwell Collins operate
in the U.S. and globally and any changes therein, including financial market conditions, fluctuations
in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand
in construction and
in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges
in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired
businesses into United Technologies» existing
businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies
in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including
in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including
in connection with the proposed acquisition of Rockwell; (7) delays and disruption
in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new
business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13)
pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes
in political conditions
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate, including the effect of changes
in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates
in the near term and beyond; (16) the effect of changes
in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result
in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including
in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted
in their operation of their
businesses while the merger agreement is
in effect; (21) risks relating to the value of the United Technologies» shares to be issued
in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
The 200 - year - old
business went into compulsory liquidation at 0600 GMT after costly contract delays and a slump
in new
business left it swamped by debt and
pensions liabilities of at least 2.2 billion pounds ($ 3 billion).
LONDON, Oct 25 - Yield - hungry
pension funds and sovereign wealth funds are stepping
in where crisis - hit, regulation - laden banks are pulling back: lending to cash - starved
businesses.
The federal and provincial governments are
in talks to introduce the Pooled Registered
Pension Plan (PRPP), which is targeted at self - employed individuals and employees without pension plans at small - to medium - sized busi
Pension Plan (PRPP), which is targeted at self - employed individuals and employees without
pension plans at small - to medium - sized busi
pension plans at small - to medium - sized
businesses.
«Little surprises me
in this
business any more, but I was stunned that Bank of England Chief Economist Andrew Haldane could state that property is likely to be a better investment than
pensions,» Edwards wrote on Wednesday.
Early
in his term, he pushed through a $ 1.6 billion tax cut for
businesses, offset by $ 1.4 billion
in tax increases on individuals — including taxing
pensions and Social Security benefits.
Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations
in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving
business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit
pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur
in the legal and regulatory proceedings described
in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
Business Insider reported last week, meanwhile, that the California State Teachers» Retirement System, one of the biggest
pension funds
in the world, was lobbying shareholders to vote against the proposal.
Last year the Ontario Teachers
Pension Fund bought one of Spain's largest funeral
businesses from 3i Group, a British private - equity firm, for # 117m, and increased its stake
in a French equivalent.
These risks and uncertainties include competition and other economic conditions including fragmentation of the media landscape and competition from other media alternatives; changes
in advertising demand, circulation levels and audience shares; the Company's ability to develop and grow its online
businesses; the Company's reliance on revenue from printing and distributing third - party publications; changes
in newsprint prices; macroeconomic trends and conditions; the Company's ability to adapt to technological changes; the Company's ability to realize benefits or synergies from acquisitions or divestitures or to operate its
businesses effectively following acquisitions or divestitures; the Company's success
in implementing expense mitigation efforts; the Company's reliance on third - party vendors for various services; adverse results from litigation, governmental investigations or tax - related proceedings or audits; the Company's ability to attract and retain employees; the Company's ability to satisfy
pension and other postretirement employee benefit obligations; changes
in accounting standards; the effect of labor strikes, lockouts and labor negotiations; regulatory and judicial rulings; the Company's indebtedness and ability to comply with debt covenants applicable to its debt facilities; the Company's ability to satisfy future capital and liquidity requirements; the Company's ability to access the credit and capital markets at the times and
in the amounts needed and on acceptable terms; and other events beyond the Company's control that may result
in unexpected adverse operating results.
Spotting the steady rise
in clientele, money managers — from risk - seeking venture capitalists to boring old
pension funds — have been getting into the death
business.
Rather than paying these
pensions out of current income as it is earned or plowing their earnings back into investment
in their own
business, companies take their income and «financialize» it by buying stocks and bonds for their
pension funds.
Past achievements include building the case for deficit reduction
in the 1980s and early 1990s, for consolidation of the Canada and Quebec
Pension Plans
in the late 1990s, a series of shadow federal budgets and fiscal accountability reports
in that began
in the 2000s, and work on marginal effective tax rates on personal incomes and
business investment, which has laid the foundation for such key changes as sales tax reform, elimination of capital taxes, and corporate income tax rate reductions.
The Canada
Pension Plan Investment Board was busy acquiring everything from real estate to power, oil and gas, and future royalties
in a cancer drug, Venetoclax, while the Caisse de dépôt et placement du Québec joined forces with Suez to buy General Electric Co.'s water and process technologies
business for US$ 3.4 billion.
In 1988, Roger Cruz was described in passing in a New York Times story as a partner with sports agent Irwin Weiner in a $ 40 - million - a-year printing business in Mount Vernon, N.Y. Cruz appears to have moved the business to Boca Raton, possibly after Weiner died in 2001, federal court records in a pension case sugges
In 1988, Roger Cruz was described
in passing in a New York Times story as a partner with sports agent Irwin Weiner in a $ 40 - million - a-year printing business in Mount Vernon, N.Y. Cruz appears to have moved the business to Boca Raton, possibly after Weiner died in 2001, federal court records in a pension case sugges
in passing
in a New York Times story as a partner with sports agent Irwin Weiner in a $ 40 - million - a-year printing business in Mount Vernon, N.Y. Cruz appears to have moved the business to Boca Raton, possibly after Weiner died in 2001, federal court records in a pension case sugges
in a New York Times story as a partner with sports agent Irwin Weiner
in a $ 40 - million - a-year printing business in Mount Vernon, N.Y. Cruz appears to have moved the business to Boca Raton, possibly after Weiner died in 2001, federal court records in a pension case sugges
in a $ 40 - million - a-year printing
business in Mount Vernon, N.Y. Cruz appears to have moved the business to Boca Raton, possibly after Weiner died in 2001, federal court records in a pension case sugges
in Mount Vernon, N.Y. Cruz appears to have moved the
business to Boca Raton, possibly after Weiner died
in 2001, federal court records in a pension case sugges
in 2001, federal court records
in a pension case sugges
in a
pension case suggest.
Among the broader areas covered: behavioral finance, stock and bond valuation,
business history, international markets,
pension and retirement issues, questions
in public policy: www.nber.org
That opportunity is to attract or retain the
business of public
pension funds and union related funds (which control approximately $ 3 trillion
in assets), the institutional leaders
in the shareholder empowerment movement, which are shifting their portfolios away from high cost, actively managed mutual funds and hedge funds to low cost indexed funds, the kind of funds that the top 10 largest mutual fund advisors dominate
in terms of market share.
Important factors that may affect the Company's
business and operations and that may cause actual results to differ materially from those
in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes
in consumer preferences and demand; the Company's ability to drive revenue growth
in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility
in commodity, energy and other input costs; changes
in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes
in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes
in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated
business disruptions; failure to successfully integrate the Company; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions
in the nations
in which the Company operates; the volatility of capital markets; increased
pension, labor and people - related expenses; volatility
in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations; disruptions
in information technology networks and systems; the Company's inability to protect intellectual property rights; impacts of natural events
in the locations
in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's dividend payments on its Series A Preferred Stock; tax law changes or interpretations; pricing actions; and other factors.
In a story buried in the business section of the February 18th NY Times, it was reported that the spending budget passed by Congress included a provision that creates a 16 - member bipartisan congressional committee to craft legislation that would provide for the potential bailout of as many as 200 multi-employer» pension plan
In a story buried
in the business section of the February 18th NY Times, it was reported that the spending budget passed by Congress included a provision that creates a 16 - member bipartisan congressional committee to craft legislation that would provide for the potential bailout of as many as 200 multi-employer» pension plan
in the
business section of the February 18th NY Times, it was reported that the spending budget passed by Congress included a provision that creates a 16 - member bipartisan congressional committee to craft legislation that would provide for the potential bailout of as many as 200 multi-employer»
pension plans.
Important factors that may affect the Company's
business and operations and that may cause actual results to differ materially from those
in the forward - looking statements include, but are not limited to, operating
in a highly competitive industry; changes
in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes
in consumer preferences and demand; the Company's ability to drive revenue growth
in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility
in commodity, energy and other input costs; changes
in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes
in relationships with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated
business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions
in the United States and
in various other nations
in which we operate; the volatility of capital markets; increased
pension, labor and people - related expenses; volatility
in the market value of all or a portion of the derivatives we use; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events
in the locations
in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock
in the public markets; the Company's ability to continue to pay a regular dividend; changes
in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.
Important factors that may affect the Company's
business and operations and that may cause actual results to differ materially from those
in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes
in consumer preferences and demand; the Company's ability to drive revenue growth
in its key product categories, increase its market share or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility
in commodity, energy and other input costs; changes
in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes
in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes
in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated
business disruptions; failure to successfully integrate the
business and operations of the Company
in the expected time frame; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions
in the nations
in which the Company operates; the volatility of capital markets; increased
pension, labor and people - related expenses; volatility
in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's inability to protect intellectual property rights; impacts of natural events
in the locations
in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; tax law changes or interpretations; and other factors.
Prior to that, he served as head of quantitative equity for ING Investment Management, (doing
business as Voya Investment Management May 1, 2014), building and developing the group and managing more than $ 20 billion
in assets with 15 global active, index and enhanced index strategies for
pension funds, variable annuities and mutual funds.
The devil
in the details: how do you prevent normal
business activity (eg: buying Christmas inventory) from taking the value of a weak company below the value of unfunded
pension obligations?
Former Minister of Industry,
Business and Financial Affairs Troels Lund Poulsen stated
in 2016 that the goal of the code review is to encourage more active stewardship by Danish
pension funds and institutional investors.
Business owners» views on tax fairness is also demonstrated
in their reactions to certain statements: More than three - quarters (77 %) agree with the statement «Government civil servants get the biggest breaks by far because of their tax - supported
pensions.»
ANZ Bank announced the sale of its OnePath
pensions and investments and aligned dealer groups
business to IOOF Holdings
in October.
Mysteriously, Forbes chose not to include our analysis of those facts on GM
in the article, but we all know what happened to GM a few years later: a declining
business saddled with
pension obligations it could not pay was forced into bankruptcy.
Public Sector
Pension Investment Board, Canada's fifth - largest pension plan, said last month it intends to open a loan - origination business in New York by year
Pension Investment Board, Canada's fifth - largest
pension plan, said last month it intends to open a loan - origination business in New York by year
pension plan, said last month it intends to open a loan - origination
business in New York by year - end.
Just some examples of the financial system
in an awkward state of unease: Velocity of money has been muted,
pension funds have been impaired by burdensome discount rates, insurance companies haven't been able to write
business at reasonable levels and savers have been penalized.
In a carefully timed intervention coming shortly before Finance Ministers meet to discuss retirement income reform, the Canadian Federation of Independent
Business today released an econometric study by Peter Dungan of the University of Toronto on the economic impacts of the CLC proposal to double the Canada
Pension Plan replacement rate,
Recent measures such as changes to the Canada
Pension Plan, the rollback of planned cuts to Employment Insurance premiums, the introduction of carbon levies and cap - and - trade programs, and significant minimum wage hikes
in Ontario and Alberta have a cumulative impact on investment returns and
business competitiveness.
Prior to Alignvest, he had internships as a
pension analyst with Morneau Shepell, as a data analyst at PwC Management Services LP, and as a
business analyst
in equities at Scotiabank.
Does it matter that the Evangelical Lutheran Church
in America asks its Board of
Pensions to divest itself of all securities of companies doing
business in South Africa but at the same time signs a multimillion - dollar contract to purchase IBM computers for its entire headquarters?
Blaming the
Pension problem on the legitimate Civil Servants in the State, Counties, Municipalities and non-faculty School District employees is a fiction being promoted by the «Insiders» and their Business Council allies, the latter whom saw their defined contribution pension funds tank and with it those in retiree status or near retiree status losing half of their nes
Pension problem on the legitimate Civil Servants
in the State, Counties, Municipalities and non-faculty School District employees is a fiction being promoted by the «Insiders» and their
Business Council allies, the latter whom saw their defined contribution
pension funds tank and with it those in retiree status or near retiree status losing half of their nes
pension funds tank and with it those
in retiree status or near retiree status losing half of their nest eggs.
Plainfield says it's still doing
business with the
pension fund, and it has received fees
in 2010, though the comptroller lists it as liquidated.)
There are also policy actions which we have to take - investment climate reforms to improve
business and economic competitiveness, focus on developing MSMEs, deepening long term savings through
pensions, insurance and sovereign savings, land reform to eliminate constraints
in time and cost around land transactions (including a review of the governor's consent requirement), and actions to reduce inflation, interest rates and
business operating costs.
He called his bill the Iranian Economic Divestment Act of 2007, and
in a press release he says the bill would «empower the State Comptroller to refrain from investing state
pension funds
in companies that conduct
business with Iran.
Almost 90 minutes of proceedings
in the Health, Education, Labor and
Pensions Committee included the first - ever Senate testimony from an openly transgender witness, who joined three other speakers
in making a robust case for the legislation as necessary for workers and helpful for
business.
In addition to supporting the
pension forfeiture, 66 percent of those polled also support banning political contributions by companies that do
business with the level of government they contribute to, and 55 percent back banning elected officials from earning income outside of their government salary.
Others - including former
business secretary Vince Cable - suggested that Green was more like Robert Maxwell, famed for his fraudulent misappropriation of the Mirror Group
pension fund and his mysterious death at sea
in 1991.
Meagre take - up rates of funded schemes, especially among low earners and small
businesses, mean that these alternatives fail to compensate for the retrenchment
in public
pensions.
It remains to be seen if the proposal will be tied to measure that is more amenable to the
business community, such as the new, less generous
pension tier the governor included
in the budget.
April 2002's announcement was also opposed by many
in the
business community as making it harder for them to maintain their already - struggling
pension schemes.
David Roache is from Warwickshire and Group Finance Director
in several listed
businesses and writes here a second response to Lord Hutton's report on
pensions.