Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 338

Posts Tagged ‘retirement’

JMFA Announces Leadership Retirements and Succession Plan

Posted by fidest press agency su venerdì, 22 novembre 2019

John M. Floyd & Associates (JMFA), has announced the retirement of company founder, chairman and CEO John M. Floyd, and co-owner and COO Cher Floyd. Company veteran, John Cohron, has been named to succeed Floyd as CEO. John Floyd founded JMFA nearly 40 years ago as a small, regional consulting practice with a handful of employees. Over the years, with his leadership the company transformed into what is now recognized nationwide as a premier provider of income enhancement and expense reduction products, and consulting services for banks and credit unions. Mr. Floyd is considered a visionary in the development of high-performance overdraft privilege programs that are fully compliant and consumer friendly.
Cohron joined JMFA in 2002. As Chief Information Officer he has been the principal advisor to the executive team and directly managed the company’s consulting operations group. He has been responsible for client relationships related to the performance improvement aspect of consulting projects, all IT functions and software development for all programs, including the recently enhanced Privilege Manager CRM® for the NEXT GENERATION JMFA OVERDRAFT PRIVILEGE® program.Cohron’s experience includes 30-plus years in government and the financial industry, with expertise in software and systems engineering, automation operations support and cost analysis optimization.

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Retirement Savings Shouldn’t Be a Political Piggy Bank

Posted by fidest press agency su mercoledì, 31 luglio 2019

Middle-class American retirements are being targeted to pay for another political promise – the latest being a “Medicare for All” proposal from U.S. Senator Kamala Harris.Harris, a Democratic presidential aspirant, claims to raise “well over $2 trillion” over a 10-year period to pay for her proposal through a few measures, including a financial transactions tax on stock and bond trading, which – though it’s described as directed at “investors and big banks” – would also include the “investors” called American retirement savers and the hard-earned money set aside in their 401(k), IRAs, and pensions.At the same time, Harris is not the first presidential aspirant seeking to pay for a proposal with a sweeping tax on investment transactions with no apparent exception for retirement accounts. Earlier this year U.S. Senator Bernie Sanders (I-Vt) co-sponsored the Inclusive Prosperity Act of 2019, which claimed to generate up to $2.4 trillion in “public revenue from wealthy investors” to help pay for a program that would underwrite student loan debt forgiveness. Additionally, Senator Kirsten Gillibrand (D-NY) is a co-sponsor of the Wall Street Tax Act, which purports to raise an approximate $755 billion over a decade to help pay for infrastructure improvements – again by including the stocks and bonds held within the trillions of dollars of retirement savings invested every payday in mutual funds and collective investment trusts by pensions and 401(k)s by middle-income Americans.How much difference could it make in retirement savings? Based on a 2015 report by the Obama Administration’s Council of Economic Advisors on the impact of 401(k) fees, these kind of taxes could reduce an American’s retirement savings by as much as 3% over their working life.

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J. W. Childs Associates Announces Retirement of Co-Founder John Childs

Posted by fidest press agency su venerdì, 1 marzo 2019

J.W. Childs Associates, L.P. (JWC), a private equity firm focused on providing operational expertise to middle-market growth companies, today announced the retirement of its co-founder, John Childs. Mr. Childs, who is not currently active in the management of the firm, has stepped down as chairman of J.W. Childs Associates and as a director of the board at KeyImpact, a Fund IV portfolio company. As it has been over the past decade, the firm will continue to be led by Adam Suttin, managing partner, and David Fiorentino, Jeff Teschke and Bill Watts, partners.
“John built an enduring and strong business and we appreciate his many contributions to JWC,” said Suttin. “I look forward with confidence to the next chapter for our firm and wish John well.” Mr. Childs, 77, has had a successful investment career spanning the past five decades. He established J.W. Childs Associates in 1995 and led the organization in its first three funds and many profitable investments, such as Beltone Electronics, Universal Hospital Services and Meow Mix. Before founding JWC, Mr. Childs was a senior managing director at THL where he led the investment in Snapple Beverage, one of the most successful leveraged buyouts in the industry. Before THL, Mr. Childs was a senior managing director for the Capital Markets Group at the Prudential Insurance Company of America.

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Prudential Reveals Two in Five 2012 Retirees Want to Stay in Work

Posted by fidest press agency su giovedì, 10 Maggio 2012

London, (PRNewswire) Prudential has revealed that two in five (40 per cent) people planning to retire this year would be happy to work past 65 if they had the chance. Prudential’s Class of 2012 study, which looks at the finances and expectations of those planning to retire this year, shows that 48 per cent of men and 32 per cent of women would be happy to continue working past the standard retirement age. The main motivation for more than two thirds (68 per cent) of this year’s retirees who want to stay in the workforce past 65, is a desire to remain physically healthy and mentally active, while 39 per cent do not like the idea of retiring and just staying at home. More than half (54 per cent) claim that they enjoy working. However, despite wanting to stay in work, only 13 per would choose to continue to work full-time with their current employer. Nearly half (49 per cent) of those retirees who want to work past 65 years old would prefer to work part-time, either with their current employer or in a new role, in order to strike a better work life balance. More than one in 10 (11 per cent) of entrepreneurial retirees would consider starting their own business after the age of 65 or earn money from a hobby in order to keep working. Five per cent would work as charity volunteers. Recent ONS figures show that average retirement ages are rising, with men now retiring at an average age of 64.6, compared with 63.8 in 2004, and women working until 62.3 years compared with 61.2 previously.
Vince Smith-Hughes, retirement expert at Prudential, said: “There is a new retirement reality taking shape across the UK, with thousands of people actively choosing to work past the traditional retirement age.”The fact that so many of this year’s retirees would keep working on a part-time basis is a strong indication that, for many, working is as much about staying young at heart as it is about funding retirement.”Gradual retirement is an increasing trend among pensioners, whether this means remaining in the same job on a flexible basis or even setting up their own business. Those retiring at 65 will face an average of nineteen years in retirement which makes the financial and social benefits of working for longer an even bigger draw for a new generation of industrious retirees.” Around the country, those planning to retire this year from the East of England were the most keen to stay part of the workforce with 54 per cent saying that they would choose to work past 65 if they had the option. Half (49 per cent) of Londoners and 45 per cent of people in the South East would also like to continue to work. However, just 29 per cent of Scots planning on retiring this year would be happy to work past 65 if given the choice, along with 30 per cent of retirees in Wales and in Yorkshire and Humberside, and only 21 per cent of those in the North East.
‘Prudential’ is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. This name is also used by other companies within the Prudential Group, which between them provide a range of financial services including retirement planning, life assurance, and advice on pensions.

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The cause was not the braking system

Posted by fidest press agency su mercoledì, 31 marzo 2010

Stezzano. With regard to the retirement of the Red Bull Racing’s driver Sebastian Vettel during the Grand Prix of Australia, Brembo communicates that the cause of his exit in Turn 13 was not caused by the braking system supplied by Brembo, as some publications have reported. Red Bull Racing has confirmed that Sebastian Vettel retired from the Australian Grand Prix  after the torque drive between the front left axle and wheel was lost. Post race investigations revealed the wheel nut was correctly tightened at the pitstop as well as other possible causes of the fault. The team has communicated that it’s studying a number of solutions at present, which can be implemented for the Malaysian Grand Prix.

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