Not exact matches
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.
Many of the factors that gave
rise to the dire predictions can be traced back to the market crash of 2008 — 09 — Canadian
pension funds lost 21.4 % of their
value in 2008 — and its low - interest aftermath.
The first move (
rising interest rates) was accompanied with a great surge of inflation, wiping out a large part of the
value of
pension rights.
Rising rates and a banner year for stocks could lift earnings at some large companies that have made an arcane but significant change to the way their
pension plans are
valued.
Rising interest rates and a banner year for stocks could lift reported earnings at some large companies that have made an arcane but significant change to the way their
pension plans are
valued.
Under the triple lock system a guarantee is made that state
pensions will
rise in line either with inflation, average earnings, or 2.5 %, depending on which is of the three is of the highest
value.
While making some limited concessions, this offer confirms contributions would
rise from April, the retirement age would be linked to the
rising state
pension age meaning people would have to work up to eight years longer, and the imposed switch in indexation for
pensions would remain - amounting to a cut in the
value of
pensions of around 15 % to 20 %.
So presumably, the less wealthy, after being told what to spend their money on by «society» for all their working years, reach pensionable age fully moulded by a paternalistic government into financially responsible citizens who will commit a significant amount of their time to research where they want to invest their
pensions, and subsequently enjoy «regular updates on how their
pension fund was growing» — because of course, like house prices,
pension funds can only
rise in
value.
Those
rising payouts and declines in the stock market - which hurt the
pension funds»
value - have led to a bigger drain on the state's already shaky budget.
«And, of course, from April 2011 we are triple - locking the
value of the Basic State
Pension so that it will
rise by the minimum of prices, earnings or 2.5 %, whichever is higher.
Pension plans were counting on
rising stock market
values to overwhelm these factors, but so far that bet hasn't panned out.
Government changes to the discount rate (a rate of interest used to
value the Teachers»
Pension Scheme) mean that even though the scheme benefits have been cut and employee contributions increased, employer contributions have
risen from 14.1 per cent to 16.4 per cent.
Due in large part to
rising pension costs, the state has also cut the
value of the retirement benefits it offers its teachers.
They benefitted from
rising real estate
values and company
pensions so shouldn't they all be well off?
The increase came from a 3.2 per cent increase in financial assets as the
value of investment fund shares, particularly mutual fund units, life insurance and
pension assets
rose.
Dropping interest rates and
rising liability
values in the late 1990s now have
pension plan sponsors considering raising their fixed income weightings to «match» their liabilities which are
valued entirely in Canadian currency and interest rates.
A small swing in
value for the
pension could completely absorb all cash flow for years as minimum payments
rise to fund a deficit.
The prospect of
rising rates of return from agricultural commodities and from increases in land
value boosts the attractiveness of agricultural land also as a speculative investment for rich individuals, large
pension funds and state funds.
Those contributions, however, would give
rise to a
pension benefit the present
value of which is $ 1.275 million, nearly 28 times the
value of the contributions themselves.