Sentences with phrase «says pension fund investments»

Just two days after New York legislators passed first - in - the - nation gun law reforms in response to the Sandy Hook Elementary School shootings, the state's chief financial officer says pension fund investments in firearm companies have been frozen.

Not exact matches

It's building insurance companies; it's building pension funds; it's building whole structures that we need for long - term investments,» said Mark Tinker, who is Head of Framlington Equities Asia at AXA Investment Managers.

It's building insurance companies; it's building pension funds; it's building whole structures that we need for long - term investments,» said Mark Tinker, who is

Wiseman said all of CPPIB's investment teams made material contributions last year, producing CPPIB's largest level of annual investment income since inception, but noted the Canada Pension Plan isn't expected to need to draw money from the fund until at least 2023 and, even then, at a relatively small amount for several years.

Resnick said that «pension funds are conservative investors and the things they buy aren't kicking off yield» that would justify higher investment targets than the ones they are setting now.

«First, purchase an investment - oriented life - insurance policy with funds from your qualified pension or profit - sharing plan,» says Cohen.

«Companies in this industry tend to generate fairly strong and predictable cash flows, which aligns with CPPIB's long - term investment goals,» says the pension fund's senior vice-president, private investments, Andre Bourbonnais.

Any attempt to cancel some category of debt, say government debt or personal mortgages, would immediately drive those financial intermediaries holding such assets, e.g. banks, pension funds, investment trusts, into insolvency.

DiNapoli said this «introduction» was not about «a specific investment» the pension fund might make, and none ensued, an unsurprising result considering that Stone Mill barely existed.

New York City announced it filed a multibillion dollar lawsuit against five top oil companies, citing their «contributions to global warming,» as it said it would divest fossil fuel investments from its $ 189 billion public pension funds over the next five years.

NYC Mayor Bill de Blasio and Comptroller Scott Stringer say the divestment of roughly $ 5 billion in fossil fuel investments out of a total of $ 189 billion over five NYC pension funds is the largest of any municipality in the United States to date.

He says the nation's third - largest public pension fund earned an estimated 11.3 percent return on investments.

Cuomo, who had never previously taken a public position on the issue, said in his veto message, «The existing statutory limits on the investment of public pension funds are carefully designed to achieve the appropriate balance between promoting growth and limiting risk.»

New York Governor Andrew Cuomo previously has said he planned to halt future fossil fuel investments in the state's public employee pension fund.

A pension fund spokesman, John Cardillo, said that more than 80 percent of retirement payments come from investment income.

«We are pleased to be an investment partner with the Community Preservation Corporation on this shared mission to help revitalize New York's communities and increase the availability of affordable housing,» said New York State Comptroller Thomas P. DiNapoli, trustee of the New York state pension fund.

State Comptroller Thomas DiNapoli says it's good for the planet and it's also a good investment for a fund which always needs to pay those monthly pension checks.

DiNapoli says he'll use his influence as trustee of New York's $ 192 billion dollar state pension fund to «seek out sustainable investments and changes in corporate behavior» to help the Paris Agreement «become a reality».

He says the pension fund is also shifting away from investments like coal and he's not enthused about nuclear because as a resident of Long Island, electric customers are still paying for a nuclear plant which never opened.

He said he'd «likely» recommend a reduction in the assumed rate of return on pension - fund investments below the current 8 percent a year.

«Ganim also received kickbacks from stockbrokers, who in exchange invested the city's police pension fund in high - risk investments that ultimately failed,» the campaign said.

The three - year review by Michigan - based Funston Advisory Services says the Common Retirement Fund's 2009 decision to ban paid placement agents used by other pension funds does not appear to have kept it from accessing qualified outside investment managers.

«Pension fund managers across the country have cut or eliminated exposure to these overpriced and underperforming investments, while the Office of the New York State Comptroller has stood still and spent pension system funds chasing performance that continues to fall far short,» said Financial Services Superintendent MariaPension fund managers across the country have cut or eliminated exposure to these overpriced and underperforming investments, while the Office of the New York State Comptroller has stood still and spent pension system funds chasing performance that continues to fall far short,» said Financial Services Superintendent Mariapension system funds chasing performance that continues to fall far short,» said Financial Services Superintendent Maria Vullo.

DiNapoli's office says the report is part of an overall effort to boost oversight of the pension fund investment following that scandal.

Although GT twice expressed a lack of interest in the distribution deal, the Quadrangle executive instructed GT's chief executive in an e-mail to «dance along» with Loglisci's brother while the Quadrangle executive figured out whether Quadrangle «needed» to do a distribution deal to secure an investment from the New York pension fund, the complaint said.

Rattner's former firm, Quadrangle Group, has said Rattner arranged payments of more than $ 1 million to a political operative to obtain a $ 100 million investment from the New York State Common Retirement Fund, one of the largest pension systems in the country.

Rattner agreed this week to pay $ 6 million and be barred from the financial industry for two years to resolve allegations made by the Securities and Exchange Commission that he bribed a political consultant to win business from New York's pension fund for his former investment firm, the sources said.

State Comptroller Tom DiNapoli said he is reviewing pension fund investments to guard against BDS affiliations that could harm Israeli - based businesses the fund has bought into.

Comptroller Scott Stringer said Thursday that New York City's pension funds had divested its investments in private prison companies, calling it the first such move by a major U.S. city.

DiNapoli said he'll use his influence as trustee of New York's $ 192 billion state pension fund to «seek out sustainable investments and changes in corporate behavior» to help the Paris agreement «become a reality.»

Harding said in New York County Supreme Court last week that he participated in a scheme devised by Hank Morris, a top political adviser to Alan Hevesi, and David Loglisci, the former station pension fund chief investment officer, to corrupt the process of selecting investments at the state pension fund to favor political allies, friends and family, Cuomo said.

Meanwhile, the state comptroller says he's thinking of divesting the state's pension fund from investments in gun manufacturers.

State Comptroller Tom DiNapoli on Thursday said he has ordered an internal review of hiring practices and oversight in the wake of the arrestof a former state pension fund manager accused of taking bribes that ranged from cash to crack cocaine to prostitutes in exchange for steering $ 2 billion in investments to Wall Street broker - dealers.

As CBS2 Political Reporter Marcia Kramer reported, sources said it all started with an investigation of Norman Seabrook, the head of the city's Corrections Union, and an investment he made of millions of dollars of union pension funds into hedge funds operated by local businessmen.

He allegedly took kickbacks involving the union's pension fund investments, investigators said, sources said.

In announcing the 4 - 1 Feb. 15 decision, City Comptroller John Liu, the custodian and investment adviser to the city's five pension funds, said that the vote was a sound decision that sent a clear message about the fund's commitment to addressing gun violence.

Wilson also said he would ask seven to nine financial professionals to serve on an investment board that would advise the comptroller on the pension fund.

«As elected officials, it is incumbent upon us to safeguard public investments, such as contributions to the pension funds,» said Assemblyman Joe Lentol (D — Brooklyn), Chair of the Assembly Codes Committee.

«While we still have much work to do to address the high costs of pensions and healthcare, the main drivers of expense to local governments, this year's executive budget keeps our funding for cities stable and begins smart investments into infrastructure and education which will pay long term dividends to all New Yorkers,» Miner said.

One step would be stress testing, engaging pension funds and companies to examine if they hold carbon - intensive assets on their books, said Martin Skancke, who spoke on the first panel and is chairman of the Advisory Council of Principles for Responsible Investing, a U.N. - supported initiative that has helped formulate a widely followed voluntary protocol of responsible investment criteria.

The State Teachers Retirement System of Ohio, one of the nation's largest pension programs for teachers, didn't make enough return on its investments in the last fiscal year to provide the bonus, said Herb Dyer, the fund's executive director.

Paul Hamilton, an actuary and head of higher education at consultancy Barnett Waddingham, said continuing poor economic conditions, including market uncertainty after Brexit, and people living for longer meant 20 years of investment returns on pension funds were currently «missing».

But academies have «no real voice» to combat their employer contribution rate because it is calculated by their local pension fund authority according to the average age of staff and value of investments across all of its schools, Hamilton said.

«The bad news is most pensions today are not well funded, because we're coming off of a string of years when investments did surprisingly badly,» says Hamilton.

She relied on income from her $ 70,000 investment in a balanced mutual fund to top up what she receivedfrom government pensions and annuities, says her financial adviser, Sailesh Raythatha of Investment Planning Counsel in Miinvestment in a balanced mutual fund to top up what she receivedfrom government pensions and annuities, says her financial adviser, Sailesh Raythatha of Investment Planning Counsel in MiInvestment Planning Counsel in Mississauga.

The money that you truly need access to at all times and that you really can't afford to put at any risk — say, a cash reserve for emergencies and unexpected expenses, cash to pay a year - to - two's worth of retirement expenses beyond what Social Security and any pensions would cover — would go into the most secure and most liquid investments, by which I mean an FDIC - insured savings account or money - market account and / or a highly secure investments like a money - market fund.

Thomas P. DiNapoli, the New York state comptroller, said he supported Cerberus's decision to sell the Freedom Group and ordered a review of the state pension fund's investments in firearms manufacturers.

Mark Machin, the head of Canada Pension Plan Investment Board, said he doesn't think the bitcoin and blockchain space is «investible» yet, but the country's largest pension fund is monitoring it with inPension Plan Investment Board, said he doesn't think the bitcoin and blockchain space is «investible» yet, but the country's largest pension fund is monitoring it with inpension fund is monitoring it with interest.

In the recent interview, McKibben says that pensions, universities, and churches should all withdraw their investment funds from fossil fuel companies.

Says the report: «Increasingly, worldwide regulations are leaving fossil fuel investments as stranded assets with pension funds heeding the call to divest from fossil fuels and invest in green technologies.