Pension fund

VTB Bank announces RAS financial results (standalone) for 2021

Retrieved on: 
Monday, January 17, 2022 - 11:02am

VTB Bank (PJSC) (hereinafter referred to as the Bank) publishes its standalone key RAS financial results for December and twelve months of 2021.

Key Points: 
  • VTB Bank (PJSC) (hereinafter referred to as the Bank) publishes its standalone key RAS financial results for December and twelve months of 2021.
  • VTB Bank earned a record high net profit in 2021 in the amount of RUB 242.6 billion.
  • The Bank's RAS results are highly correlated with VTB Group's IFRS results, and the figures we publish are the indicators of the Group's excellent results for the year under IFRS."
  • The reported financial indicators are preliminary; hence, they can be supplemented and changed in the process of preparation of publishable financial reports of VTB Bank.

DGAP-News: Frankfurt/Main Higher Regional Court appoints Holger Giese, Friedrich Munsberg and Dr Ulrich Theileis to the Supervisory Board of Aareal Bank

Retrieved on: 
Friday, January 14, 2022 - 3:06pm

Frankfurt/Main Higher Regional Court appoints Holger Giese, Friedrich Munsberg and Dr Ulrich Theileis to the Supervisory Board of Aareal Bank

Key Points: 
  • Frankfurt/Main Higher Regional Court appoints Holger Giese, Friedrich Munsberg and Dr Ulrich Theileis to the Supervisory Board of Aareal Bank
    The issuer is solely responsible for the content of this announcement.
  • Frankfurt/Main Higher Regional Court appoints Holger Giese, Friedrich Munsberg and Dr Ulrich Theileis to the Supervisory Board of Aareal Bank
    - Prof. Dr Hermann Wagner: "We welcome the decision taken by the Higher Regional Court.
  • Wiesbaden, 14 January 2022 - With a binding decision, the Frankfurt/Main Higher Regional Court approved the application submitted by Aareal Bank to appoint Messrs Holger Giese, Friedrich Munsberg and Dr Ulrich Theileis as members of Aareal Bank's Supervisory Board, with immediate effect.
  • Prof. Dr Hermann Wagner, the Chairman of the Supervisory Board of Aareal Bank AG, commented: "We welcome the decision taken by the Higher Regional Court.

Galapagos creates new subscription right plan

Retrieved on: 
Thursday, January 13, 2022 - 9:01pm

Mechelen, Belgium; 13 January 2022, 22.01 CET; regulated information Galapagos NV (Euronext & NASDAQ: GLPG) announced today that its supervisory board created 30,000 subscription rights under a new employee subscription right plan.

Key Points: 
  • Mechelen, Belgium; 13 January 2022, 22.01 CET; regulated information Galapagos NV (Euronext & NASDAQ: GLPG) announced today that its supervisory board created 30,000 subscription rights under a new employee subscription right plan.
  • Under this subscription right plan, 30,000 subscription rights were created (subject to acceptance).
  • The total number of rights to subscribe to not yet issued securities conferring voting rights is (i) 8,579,287 subscription rights under several outstanding employee subscription right plans, which equals 8,579,287 voting rights that may result from the exercise of those subscription rights, and (ii) one subscription right issued to Gilead Therapeutics to subscribe for a maximum number of shares that is sufficient to bring the shareholding of Gilead and its affiliates to 29.9% of the actually issued and outstanding shares after the exercise of the subscription right.
  • This excludes the 30,000 subscription rights of the newly issued subscription right plan, which were created subject to acceptance.

Milliman analysis: Corporate pensions end 2021 at 99.6% funded, just shy of full funding

Retrieved on: 
Wednesday, January 12, 2022 - 5:00pm

In 2021, corporate pension funding improved by $183 billion for the year the second-largest deficit reduction in the history of the PFI.

Key Points: 
  • In 2021, corporate pension funding improved by $183 billion for the year the second-largest deficit reduction in the history of the PFI.
  • Plan assets outperformed expectations, posting an annual return of 8.33% and a gain of nearly $64 billion.
  • Meanwhile discount rates in 2021 also increased year-over-year, climbing from 2.46% to 2.80% and reducing PFI plan liabilities by $120 billion.
  • The funded ratio climbed from 90.3% at year-end 2020 to 99.6% as of December 31, 2021.

Orange County Employees Retirement System Forges New Partnership with Capital Constellation, Joins Strategic Committee

Retrieved on: 
Wednesday, January 12, 2022 - 2:00pm

Managed by private equity and alternative investment manager, Wafra Inc. (Wafra), Constellation is guided by a Strategic Committee comprised of asset owner representatives from the platforms partners.

Key Points: 
  • Managed by private equity and alternative investment manager, Wafra Inc. (Wafra), Constellation is guided by a Strategic Committee comprised of asset owner representatives from the platforms partners.
  • The Strategic Committee, which meets quarterly, provides advice and counsel while seeking to maximize network benefits and peer engagement.
  • Ms. Murphy, who had joined Constellations Q3 2021 Strategic Committee meeting as an observer, participated in her first Strategic Committee meeting in an official capacity in December.
  • For 75 years, OCERS has been providing retirement, death, disability, and cost-of-living benefits to employees of the County and certain districts.

Older Workers Want to Stay in Workforce, But Most Employers Don’t Offer Semi-Retirement

Retrieved on: 
Wednesday, January 12, 2022 - 2:00pm

A majority of Canadian employees say they would partake in semi-retirement, but most companies dont offer the option.

Key Points: 
  • A majority of Canadian employees say they would partake in semi-retirement, but most companies dont offer the option.
  • As a result, employers are losing employees during one of the worst labour shortages the country has faced in a generation.
  • The survey results reflect what James Norris, an Express franchise owner in London, Ontario, is experiencing in his area.
  • This generation of workers has a strong work ethic, they have learned through experience, and they have wisdom, said Hemani.

Majority of Employees Favor Semi-Retirement with a Flexible Work Schedule

Retrieved on: 
Wednesday, January 12, 2022 - 1:50pm

However, less than half of these employees (48%) report their company has an adequate successor in place when the time comes.

Key Points: 
  • However, less than half of these employees (48%) report their company has an adequate successor in place when the time comes.
  • Given this, it is surprising that more than two-thirds of U.S. employees (69%) think they will be prepared financially (i.e., having enough money saved) to retire.
  • The majority of employees say they'd be likely to partake in semi-retirement, either by having a flexible work schedule (79%), transitioning to a consulting role (66%) or working reduced hours with reduced benefits (59%).
  • This sample of employees includes 547 Boomer employees (defined as employees ages 57-75) that were weighted individually.

Pillar Income Asset Management and Affiliates Announce New President and CEO

Retrieved on: 
Tuesday, January 11, 2022 - 5:20pm

Pillar Income Asset Management (Pillar) is pleased to announce that Bradley J. Muth has joined the Company as President & Chief Executive Officer.

Key Points: 
  • Pillar Income Asset Management (Pillar) is pleased to announce that Bradley J. Muth has joined the Company as President & Chief Executive Officer.
  • View the full release here: https://www.businesswire.com/news/home/20220111005907/en/
    Bradley Muth, Pillar Income Asset Management's newly appointed President and CEO.
  • Mr. Muth is an experienced real estate executive with over 30 years of active involvement in development, acquisitions, finance, asset management, and portfolio management.
  • Pillar Income Asset Management, Inc. is a Dallas-based real estate management company, which develops and manages in excess of $2.5 billion of real estate for public and private real estate entities.

State Street Global Advisors Launches Three SPDR® ETFs to Enhance ESG Portfolio Construction

Retrieved on: 
Tuesday, January 11, 2022 - 1:30pm

State Street Global Advisors began managing its first ESG portfolio more than 35 years ago and today manages $524 billion in ESG index assets under management.3 As stewards of clients capital, State Street Global Advisors helps investors see that what is fair for people and sustainable for the planet can deliver long-term performance.

Key Points: 
  • State Street Global Advisors began managing its first ESG portfolio more than 35 years ago and today manages $524 billion in ESG index assets under management.3 As stewards of clients capital, State Street Global Advisors helps investors see that what is fair for people and sustainable for the planet can deliver long-term performance.
  • SPDR ETFs are sponsored by affiliates of State Street Global Advisors.
  • For more information, visit www.ssga.com/etfs
    For four decades, State Street Global Advisors has served the worlds governments, institutions and financial advisors.
  • Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation.

New John Hancock Retirement report reveals surprising contradictions in how pandemic is affecting employees

Retrieved on: 
Tuesday, January 11, 2022 - 1:58pm

BOSTON, Jan. 11, 2022 /PRNewswire/ -John Hancock Retirement, a company of Manulife Investment Management, today announced the results of its Stress, Finances, and Well-Being report, the eighth annual survey of its retirement plan participants.

Key Points: 
  • BOSTON, Jan. 11, 2022 /PRNewswire/ -John Hancock Retirement, a company of Manulife Investment Management, today announced the results of its Stress, Finances, and Well-Being report, the eighth annual survey of its retirement plan participants.
  • This represents a chance for employers, financial professionals, and retirement providers to help retirement savers build a solid foundation for the future.
  • What's more, 80% of respondents said they wouldn't be likely to work for a company that doesn't offer a retirement plan.
  • John Hancock Retirement Plan Services LLC provides administrative and/or recordkeeping services to sponsors or administrators of retirement plans through an open-architecture platform.