A New York City subway operator, a school teacher, and other public workers have filed a lawsuit against the city’s pension fund managers, charging that they have misused city pension money to pursue a political agenda and harmed public workers who depend on that money to fund their retirement. Filed in New York courts on…
NYC Teacher, Subway Worker Sue City for ‘Abusing’ Retirement Fund for Climate Goals
May 15, 2023
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Big Tech, Censorship, and Socialismbrad landerBusiness & Marketseconomic policiesESGESG investingFeatured TopicsInvestmentpension fundspublic pension fundretirement accountUS
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Canadian Pension Funds Invested in Chinese Companies Indirectly Linked to Human Rights Abuses, House Committee Hears
Some Canadian pension funds have invested in Chinese companies complicit in human rights abuses, the CEO of a geopolitical intelligence consulting firm told a House committee, echoing concerns from rights advocacy groups. “What we’ve noticed is that … America has a list of countries that are sanctioned, that can no longer act in the disclosure…
Kentucky Governor Signs Bill Banning ESG Investment in Public Pensions
March 31, 2023
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Big Tech, Censorship, and SocialismESGFeatured TopicsGov. Andy BeshearKentuckypension fundsRegional & State NewsState NewsUSUS News
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Kentucky Gov. Andy Beshear, a Democrat, has signed into law a measure that requires the state’s public pension funds to make investment decisions on financial risks and returns, rather than environmental, social, and governance (ESG) factors. Beshear signed House Bill 236 into law on March 24, mandating the state’s fiduciaries to solely consider factors that…
Tax Rates Doubled for Pension Fund Accounts With Over $3 Million
February 28, 2023
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anthony albaneseAustraliaBusiness & Marketseconomic policiesInternationalJim Chalmerspension fundspersonal financeSuperannuationWorld
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Australians with more than $3 million (US$2.02 million) stowed away in their pension funds (superannuation) will see tax breaks reduced for money over that benchmark under a new Labor government policy announced on Feb. 28. Prime Minister Anthony Albanese and Treasurer Jim Chalmers say the move will affect 0.5 percent of the population—around 80,000 individuals—while…
New DOL Rule Allows Retirement Money to Finance ESG Agenda
February 1, 2023
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Business & Marketseconomic policieseconomyenergyERISAESGInvestmentpension fundspersonal financeU.S. Department of LaborUS
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U.S. lawmakers are fighting back against a new Biden administration rule that allows retirement money to be invested according to environmental, social, and governance (ESG) criteria. Every GOP senator, plus West Virginia Democrat Joe Manchin, signed on to a disapproval resolution this week in protest of a Department of Labor (DOL) directive which went into…
FTX Collapse Adds to 2022 Woes for Pension Funds, Investment Firms
Following the bankruptcy of cryptocurrency exchange FTX, a growing number of pension funds and investment firms are revealing that they were directly or indirectly exposed to Sam Bankman-Fried’s crypto empire, resulting in hefty losses for investors in the United States and Canada. This comes as many of these pension funds and Wall Street firms have…
PREMIERING NOW: Inflation Crisis Clears Way for Central Bank Digital Currency: Francis Hunt
October 21, 2022
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Francis Hunt is a chartered market analyst with over 30 years of successful trading experience. He is an expert on global markets. Hunt sees major trouble ahead as inflation destroys the value of government bonds. He says we’re already seeing this play out in Britain and Japan, and that it’s only a matter of time…
Inflation Crisis Clears Way for Central Bank Digital Currency: Francis Hunt
October 21, 2022
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bond marketBusiness & MarketseconomyEpochTVFresh Look AmericainflationInvestmentLive VideosMarketspension fundsUKUSVideo
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Francis Hunt is a chartered market analyst with over 30 years of successful trading experience. He is an expert on global markets. Hunt sees major trouble ahead as inflation destroys the value of government bonds. He says we’re already seeing this play out in Britain and Japan, and that it’s only a matter of time…
[Premiering 7 PM ET] Inflation Crisis Clears Way for Digital Currency: Francis Hunt
October 21, 2022
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bond marketBusiness & MarketseconomyEpochTVFresh Look AmericainflationInvestmentLive VideosMarketspension fundsUKUSVideo
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Francis Hunt is a chartered market analyst with over 30 years of successful trading experience. He is an expert on global markets. Hunt sees major trouble ahead as inflation destroys the value of government bonds. He says we’re already seeing this play out in Britain and Japan, and that it’s only a matter of time…
Senator Concerned Australian Pension Funds Could Seek Out China Market
September 15, 2022
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AustraliaAware SuperBusiness & MarketsChinaChina Business & EconomyChina-Australia RelationsCompaniesInternationalInternational RelationsInvestmentMarketspension fundsSuperannuationWorld
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Sen. James Paterson says he is concerned Australian pension funds (superannuation) could seek out investment opportunities in countries run by authoritarian regimes like China. “We’re not as big a global investor as the United States is, but our superannuation industry—our pensions funds—are increasingly large and are really outgrowing the Australian economy and need to invest…
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