In 2015, there was major overhaul of the pension withdrawal rules (often dubbed “pension freedoms”), which gave pensioners much more flexibility. Now, while you can still choose to buy an annuity with some or all of your pension pot, you have several other options too. Anything other than...
Private pension provision faces the challenging task of providing stable income streams during retirement. The challenge has increased markedly in the last decades due to volatile financial markets, falling interest rates and the withdrawal of employers and external insurers as risk bearers of systematic...
Therefore, if the target fund adopts the organizational form of a limited partnership, an investment advisory committee should be established and the composition, rules of procedure and other matters of the investment advisory committee should be clarified. 2 Investment related systems According to ...
In addition, the normal business withdrawal of some companies is considered “unpatriotic”, and extreme statements such as “Li Ka-shing ran away” and “Cao Dewang ran away” are often made. For example, in response to an article circulating on the Internet entitled “Don’t let Li Ka-...
flow to pension plans, banks and other institutions. On the supply (sponsor) side, growth has been fueled by: new generations of private equity professionals entering the market; the development of new fund products; and the extension of private equity skills to new industries and types of ...
particularly within one private equity fund, may trigger joint and several liability for the portfolio company's underfunded pension or withdrawal liabilities, and (ii) even a smaller ownership interest percentage could possibly trigger the ERISA "controlled group" ...
First, there is the principle of self-respect that applies to every single specific institution, be it a corporation, an NGO, a governmental agency, a hospital, a pension fund, a newspaper, or a uni- versity. Each one is required to show moral self- respect, for the increasing complexity...
In Sun Capital, the First Circuit held that a private equity fund was a "trade or business" that could be held jointly and severally liable under ERISA for the pension plan withdrawal liability incurred by one of its portfolio companies. However, the First Circuit remanded the case to the ...
The withdrawal period of the facility was 18 months starting from the loan agreement date. As of December 31, 2004, SMIC Shanghai had fully drawn down on this loan facility. In 2005, the interest rate on the loan ranges from 4.34% to 6.16%. The interest payment is due on a semi-...
It informs that the rules regulate the application of tax-qualified retirement plan coverage. It highlights that as per a multiemployer pension plan, an employer and its controlled group members are accountable for withdrawal liability.Collins