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Don’t blame lack of demand for failure to lend, say alternative funders

Pensionledfunding.com has expressed its disappointment that, despite almost 12-months of support from the Funding for Lending Scheme, ‘traditional’ lending to UK businesses continues to fall significantly. Latest Bank of England figures reveal a further drop of £3bn in business lending, with loans to SMEs falling £700m in April. This stagnation in the ‘traditional’ lending sector […]

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Is the Young Report good news for Financial Directors?

Alago is just one of the 1,300 UK companies that Clifton and its pensionledfunding.com resource has funded over the past five years. Overall, this equates to £250m in business funding. This is one of the UK’s fast-growing alternative funding solutions, yet it was sadly ignored by Lord Young in his report; certainly disappointing, but not […]

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Funding for Lending scheme fails to prevent lending from falling again

The plans of the FLS participants suggest that net lending volumes will pick up gradually through the remainder of 2013.” When FLS was initially launched, the government said it hoped to make up to £70bn available to individuals and businesses of all sizes. It was revealed banks had borrowed an additional £2.6bn under the scheme […]

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D.215 officials mull pension possibilities

But District 215 officials on Tuesday said they liked the idea that state officials were talking about phasing in a shift toward local pension funding so that it would not hit the district all at once. Superintendent Creg Williams said he has been told by state Education Board officials that the 6 percent of payroll […]

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Double DB Pension Model Offers New Choice for Public Plan Sponsors

It satisfies the clamor for state and municipal government to embrace “fixed cost” pension funding while at the same time overcoming all the weaknesses of individual account systems. In due course it is anticipated that even private firms will choose to replace their 401(k) plans with a Double DB model. The Double DB Pension model […]

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Pension Funding in the UK Industry Market Research Report Now Updated by …

The Pension Funding industry is expected to do better over the coming five years through 2018-19, fuelled in the short term by the phased introduction of automatic enrolment and then later, by a more buoyant financial environment that should bolster  equities and push up bond yields, in turn, boosting investment returns. For these reasons, industry […]

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Chicago-area pension funding gap jumps to $32 billion: report

The Chicago-based Civic Federation said Tuesday the funding gap for 10 Chicago-area public pension systems widened by 16.7 percent to $32 billion in fiscal 2011 from the year, warning of service cuts or tax hikes to bridge the gap. The civic watchdog group also found that pension funding levels continued to drop, falling to an […]

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Insurance and Pension Funding in Mexico: Industrial Report – New Report …

Euromonitor International’s Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Insurance and Pension Funding market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading […]

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Kodak to Pay Retired Workers in Film and Other Adventures in Creative Pension Funding

Kodak, restructuring under bankruptcy protection, will turn  over its personalized-imaging and document-imaging businesses to the U.K. Kodak  Pension Plan, according to a report in the Wall Street Journal. This will wipe out a $2.8 billion pension  obligation. If all goes well, the pension will sell the businesses and use the  proceeds to fund retirement benefits. […]

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Asset-backed funding for pensions surges in past six months

“The market is having to adapt to the ‘new normal’ and look for new ways to plug gaps in pension funding. Gilt yields are at record lows and companies and trustees are under increasing pressure to fund large pension deficits,” David Fripp, pensions partner at KPMG in the UK, said. “The security that an asset-backed […]

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Staggering debt obligations of House’s pension reform should require 60% approval

But it doesn’t take a lawyer to read the guarantee language that would make the pension funding payments a “contract obligation” of the state, and that refers to these annual payments as the “amount guaranteed.” This funding commitment would bind future legislatures to appropriate billions of dollars each year for decades. The total value of […]

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