The financial industrial arts are not in economics but rhetoric. They have no proof, no science and even actuarial subject products have only shown failure. We continue to demonstrate proof in real markets as the herd turns and mooing increases. Here is a timeless article from our vaults.
The summary interviews Edward Zore, the CEO of Northwestern Mutual, about the impacts of the economic downturn and AIG bailout on the insurance industry. Zore states that Northwestern Mutual was not significantly exposed to the subprime crisis and has seen no negative impacts. However, he acknowledges that the AIG bailout has drawn government attention to the insurance industry and may lead to increased federal regulation. Overall, Zore portrays the insurance industry as financially stable compared to other sectors and says Northwestern Mutual remains focused on its traditional business model despite broader economic challenges.
The document discusses the concept of "too big to fail" and its role in economic crises. It argues that allowing certain financial institutions to privatize profits while socializing losses through government bailouts undermines free enterprise. When large banks and corporations take on excessive risk knowing they will be bailed out, it leads to moral hazard. While government intervention may accelerate economic recovery, it comes at a high cost to taxpayers and increases national debt. The document suggests reinstating regulations like the Glass-Steagall Act to restrict risky activities by large banks and prevent institutions from growing too big and interconnected to fail.
August 2009 The Credit Crunch Is Dead, Long Live The Credit Crunchgatelyw396
The credit crunch is not over despite government efforts - banks are still restricting credit for small businesses and individuals through actions like lowering credit limits, raising interest rates, and tightening loan standards. While large banks have rebounded thanks to government bailout money, they are not passing this relief to smaller customers, continuing to strangle the economy. The systemic issues that led to the crisis also remain unaddressed. Business owners are struggling with less access to credit and personal guarantees now required for business loans, leaving them wary of investing or hiring during this uncertain time.
The document discusses the competitive environment and new business development strategies of several large banks in 2011. It notes that banks are focusing on growing lending while reducing commercial real estate exposure. Specific banks' plans mentioned include PNC growing lending and treasury management services, Flagstar emphasizing commercial, small business, and retail lending, and 5/3 expanding in small business, private banking, and treasury management. The document recommends that banks bundle solutions to meet operational needs of prospective business clients.
The document discusses several challenges and opportunities facing global securities firms. It notes that while last year's results were good, the industry faces evolving businesses that require new strategies. Successful firms will serve both large companies seeking strategic advice and the growing middle market. They will also adapt to changing relationships with large clients, financial sponsors, and hedge funds as private and public boundaries blur. Firms will need new models to serve sponsors and uncover investment opportunities, while also advising companies on private vs. public financing options. Overall the industry faces pressure to develop innovative solutions across client segments.
The document discusses the state of the liability-driven investment (LDI) landscape in the UK and US markets. In the UK, there are currently 14 providers but the market may be oversaturated, while in the US the demand for LDI strategies still outstrips the supply. Some feel there needs to be more customized solutions available in the US rather than just extending duration. Established UK providers believe the market has enough capacity already and that new entrants could be detrimental, but others see benefits to increased competition.
Sec Request for Comments Securities Offerings Rule 506, Form S-1 Reg Aseclawyer
Hamilton & Associates Law Group, a boutique securities law firm in Boca Raton, Florida, would like to take this opportunity to comment on the Commission’s concept release on Securities Offerings Rule 506, Form S-1 and Regulation A.
Selasturkiye Real Estate Business Model By FnisZiya NISANOGLU
The document discusses how changes in the real estate industry, including the shift in leverage from brokers to agents resulting in declining broker profitability, have necessitated that brokers reevaluate and "remargin" their businesses. It describes current and emerging business models brokers can adopt, such as offering ancillary services or using different compensation structures for agents, to increase profit margins. The key is for brokers to change their business model in order to adapt to the new environment and remain profitable.
The summary interviews Edward Zore, the CEO of Northwestern Mutual, about the impacts of the economic downturn and AIG bailout on the insurance industry. Zore states that Northwestern Mutual was not significantly exposed to the subprime crisis and has seen no negative impacts. However, he acknowledges that the AIG bailout has drawn government attention to the insurance industry and may lead to increased federal regulation. Overall, Zore portrays the insurance industry as financially stable compared to other sectors and says Northwestern Mutual remains focused on its traditional business model despite broader economic challenges.
The document discusses the concept of "too big to fail" and its role in economic crises. It argues that allowing certain financial institutions to privatize profits while socializing losses through government bailouts undermines free enterprise. When large banks and corporations take on excessive risk knowing they will be bailed out, it leads to moral hazard. While government intervention may accelerate economic recovery, it comes at a high cost to taxpayers and increases national debt. The document suggests reinstating regulations like the Glass-Steagall Act to restrict risky activities by large banks and prevent institutions from growing too big and interconnected to fail.
August 2009 The Credit Crunch Is Dead, Long Live The Credit Crunchgatelyw396
The credit crunch is not over despite government efforts - banks are still restricting credit for small businesses and individuals through actions like lowering credit limits, raising interest rates, and tightening loan standards. While large banks have rebounded thanks to government bailout money, they are not passing this relief to smaller customers, continuing to strangle the economy. The systemic issues that led to the crisis also remain unaddressed. Business owners are struggling with less access to credit and personal guarantees now required for business loans, leaving them wary of investing or hiring during this uncertain time.
The document discusses the competitive environment and new business development strategies of several large banks in 2011. It notes that banks are focusing on growing lending while reducing commercial real estate exposure. Specific banks' plans mentioned include PNC growing lending and treasury management services, Flagstar emphasizing commercial, small business, and retail lending, and 5/3 expanding in small business, private banking, and treasury management. The document recommends that banks bundle solutions to meet operational needs of prospective business clients.
The document discusses several challenges and opportunities facing global securities firms. It notes that while last year's results were good, the industry faces evolving businesses that require new strategies. Successful firms will serve both large companies seeking strategic advice and the growing middle market. They will also adapt to changing relationships with large clients, financial sponsors, and hedge funds as private and public boundaries blur. Firms will need new models to serve sponsors and uncover investment opportunities, while also advising companies on private vs. public financing options. Overall the industry faces pressure to develop innovative solutions across client segments.
The document discusses the state of the liability-driven investment (LDI) landscape in the UK and US markets. In the UK, there are currently 14 providers but the market may be oversaturated, while in the US the demand for LDI strategies still outstrips the supply. Some feel there needs to be more customized solutions available in the US rather than just extending duration. Established UK providers believe the market has enough capacity already and that new entrants could be detrimental, but others see benefits to increased competition.
Sec Request for Comments Securities Offerings Rule 506, Form S-1 Reg Aseclawyer
Hamilton & Associates Law Group, a boutique securities law firm in Boca Raton, Florida, would like to take this opportunity to comment on the Commission’s concept release on Securities Offerings Rule 506, Form S-1 and Regulation A.
Selasturkiye Real Estate Business Model By FnisZiya NISANOGLU
The document discusses how changes in the real estate industry, including the shift in leverage from brokers to agents resulting in declining broker profitability, have necessitated that brokers reevaluate and "remargin" their businesses. It describes current and emerging business models brokers can adopt, such as offering ancillary services or using different compensation structures for agents, to increase profit margins. The key is for brokers to change their business model in order to adapt to the new environment and remain profitable.
Novogradac - 8-2011 pg51 (E. Usinger - Twinning NMTCs with 7a Loans)Eric Usinger
This document summarizes considerations for structuring transactions that combine New Markets Tax Credits (NMTCs) with Small Business Administration (SBA) Section 7(a) loan guarantees. Specifically:
- Community Development Entities (CDEs) can make loans to other CDEs that are SBA-approved lenders to deploy more small business loans through NMTC financing.
- Leverage lenders providing NMTC financing may expect full repayment of loans within the 7-year compliance period, even if SBA loans have longer terms.
- SBA loan requirements like full amortization could conflict with NMTC rules requiring investments be held for 7 years, requiring strategies like sinking funds.
The boomers have paid into social policy funds to pay for their parents’ retirements only to find those funds have not been used and made to work for them. They have become the victims of poor management policies of the industry who claim results they have never managed to obtain, ever.
You will never save your bacon that way. The financial industry managers ensure that they will take the hog home after you raised it.
“I’ve had nothing yet,” Alice replied in an offended tone: “so I ca’n’t take more.” “You mean you ca’n’t take less,” said the Hatter: “it’s very easy to take more than nothing.”
Spotting Financial Advisors' Conflicts of InterestDaniel Del Re
Recognizing potential conflicts of interest can present a challenge to affluent investors who often work closely with numerous, well-connected advisors. While the business or personal ties that financial and legal professionals possess do not always color the advice they provide, their clients should always be on the lookout for potential problems and, if they arise, be prepared to manage them. The document then discusses a case involving the Cailloux family estate where the family attorney and executor of the estate were found to have conflicts of interest that negatively impacted the family. It concludes by emphasizing the importance of investors understanding an advisor's potential conflicts and not being completely dependent on their advice alone.
The financial crisis was tough on asset-backed lending funds, and a spate of redemptions saw the space shrink considerably. But the launch this year of a new $1bn fund from FrontPoint Partners suggests that direct lending and ABL is making a comeback, and, due to the restrictions of Dodd-Frank, the space offers a wealth of opportunity for smaller niche players.
This presentation discusses the changing financial landscape after the 2008 crisis and lessons learned. It covers four main topics: 1) how the financial crisis occurred and the role of poor policy and incentives, 2) changes in regulation and the financial system, 3) key lessons on risk management and governance, and 4) focus areas including liquidity, capital, and compensation. The presentation emphasizes that while regulation is important, the underlying issues were related more to incentives and risk culture within firms.
The document discusses the history of the mortgage crisis beginning in 2007 and the fraudulent foreclosure practices that emerged in its wake. It describes how hundreds of billions of dollars in risky mortgage-backed securities were sold globally and collapsed, forcing mass loan modifications and foreclosures. Loan servicers hired inexperienced staff who mishandled modifications while "robo-signers" approved foreclosures without verifying details. Widespread legal issues around mortgage ownership led to investigations and moratoriums on foreclosures. The crisis increased shadow inventories and will likely cause future price drops when properties are sold.
The document discusses how a short sale is a better alternative to foreclosure when facing financial hardship and losing one's home, as it allows homeowners to exit their property more gracefully. It explains the advantages and disadvantages of a short sale compared to foreclosure, and provides details on the Home Affordable Foreclosure Alternatives (HAFA) program which provides incentives to lenders and homeowners to pursue a short sale over foreclosure. The document also offers guidance on how homeowners can proceed with a short sale by finding an experienced real estate agent and gathering evidence of financial hardship.
Zachary Lazar of BMO Private Bank and Raymond Whitacre of BMO Harris Bank provide integrated financial strategies for businesses and their owners. They address what happens to a privately held company if its owner dies without a succession plan. They recommend establishing trusts, gifting assets, and life insurance to manage estate taxes. Selecting a successor now ensures smooth leadership transition. Their collaboration provides strategic and tactical financial advice for both business and personal finances.
In Depth: Asset Backed Lending And Hedge FundsLisa Krow
Stillwater Capital Partners manages three hedge funds and a private equity real estate fund that have all achieved double-digit returns with low volatility. Their asset-backed lending fund makes short-term bridge loans secured by real estate, personal injury law firms, and life insurance policies. The loans allow borrowers to access cash quickly when traditional lenders take longer. Stillwater mitigates risk by ensuring adequate insurance on properties and getting two independent appraisals. They also secure law firm loans with expected future case settlements. The asset-backed fund of funds invests in managers pursuing similar lending strategies and verifies assets with an independent auditor.
Captive insurers have traditionally generated revenue through premiums and investments, but many are missing out on recovering paid claims through subrogation. Commercial insurers invest heavily in subrogation and recover over a billion dollars annually, while few captives pursue this avenue. Pursuing subrogation could recover millions for captives, but many lack dedicated staff and data collection systems. Outsourcing subrogation to specialized lawyers on a contingency basis provides a cost-effective option for captives to start recovering losses paid to third parties.
Captive insurers have traditionally generated revenue through premiums and investments, but many are missing out on recovering paid claims through subrogation. Commercial insurers invest heavily in subrogation and recover over a billion dollars annually, while few captives pursue this avenue. Pursuing subrogation could recover millions for captives, but many lack dedicated staff and data collection systems. Outsourcing subrogation to specialized lawyers on a contingency basis provides a cost-effective option for captives to start recovering losses paid to third parties.
William Gross Sues Pimco for Hundreds of MillionsTric Park
The document is a complaint filed by William H. Gross against Pacific Investment Management Company LLC (PIMCO), Allianz Asset Management of America L.P., and unnamed defendants. It alleges that younger PIMCO executives conspired to force Mr. Gross, the founder of PIMCO, out of the company in order to take his share of PIMCO's profits. It also claims PIMCO wrongfully denied Mr. Gross hundreds of millions of dollars in compensation. The complaint provides background on Mr. Gross's career, the founding and success of PIMCO, disputes over strategy between Mr. Gross and another executive, and an investigation into damaging press leaks.
Real Estate and Mortgage Fraud: Emerging Trends 2016Jillayne Schlicke
This document provides an agenda and materials for a training on emerging trends in real estate and mortgage fraud. The training covers the FBI's definitions of mortgage fraud, case studies of recent local fraud cases, emerging fraud trends like collusion, affinity fraud and inflating income/assets. It includes a quiz and discussion of mitigation efforts. The goal is for attendees to learn about current fraud schemes and how they are evolving.
This document summarizes key findings from a research paper by Accuracy on cross-border M&A disputes. Some of the main points include:
- 57% of disputes analyzed were heard through private arbitration rather than traditional litigation.
- Almost a third of claims were for €10 million or less, while 15% were over €1 billion. Dispute amounts do not necessarily correlate with complexity.
- The majority of disputes arise due to surprises for the buyer after deal closing, such as unexpected costs or warranty breaches.
- Deals using a "locked box" purchase price mechanism, where the price does not change after signing, see far fewer disputes than deals using purchase price adjustments.
- Volatility in
This document provides information about Robert Mittleman and the services his company offers related to real estate investing and transactions. It begins with an overview of Robert Mittleman's background and experience in real estate, mortgage lending, title services, and foreclosure issues. It then lists several services offered, including short sale processing, note purchase due diligence, transactional funding, education/consulting, and transaction management. The document emphasizes the importance of due diligence and discusses challenges with short sales. It also provides information on fiduciary duty and the Gramm-Leach-Bliley Act regarding privacy of personal financial information.
5 years later General Growth bankruptcy case still resonatesSamantha Rothman
Samantha J. Rothman and Professors Douglas Baird and Joseph Pagliari Jr. discuss how the General Growth bankruptcy case has impacted SPEs, in theory and in practice.
The major credit rating agencies, Moody's, Standard & Poors, and Fitch, bear a heavy burden of responsibility for the financial meltdown. It was their seal of approval that enabled Wall Street to develop a multi-trillion-dollar market for bonds resting on a foundation of tricky loans and bubbly housing prices. Institutional investors around the world were seduced into buying these high-risk securities by credit ratings that made them out to be as safe as the most conventional corporate and municipal bonds.
This proposal outlines a collaboration between real estate developers in South Florida to purchase distressed properties at below-market prices. The collaboration would pool financial resources to make higher bids than individual developers currently can. They plan to use a data-driven approach to identify and quickly acquire 15 promising properties by January 15th, 2009, with the goal of profiting from the increased value of real estate expected in 2011. Members would take on specified duties and the proposal minimizes risks by allowing members to withdraw support on any individual property purchase.
Fed Policy Compared to Islamic Banking PrinciplesGeoffrey Ford
1) The document discusses the differences between Islamic banking principles and the US Federal Reserve's monetary policy, specifically regarding interest rates. Islamic law forbids interest, while the Fed uses interest rates as a tool.
2) Islamic banks engage in profit-loss sharing investments rather than interest-based loans. This allows entrepreneurs access to funding without liability if ventures fail.
3) The document argues the US system prioritizes interest returns over charitable principles, pointing to examples of speculative lending that Islamic banks would avoid.
The document discusses the impact of the economic downturn and "bailout" on small businesses. It notes that small businesses have been hard hit by issues in the housing market and credit crunch. The bailout aims to help community banks and increase SBA lending to provide more funding options for small firms. The document provides tips for small business owners to evaluate their cash flow, funding sources, and develop alternative plans to survive economic challenges.
StockTakers season of giving Best Wishes to small investors continues with our Risk Price driven results. Small investors can enjoy another slice of our Risk Price method to earn investment income for yourselves.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income for them and leave that work to us. Because We Can.
Novogradac - 8-2011 pg51 (E. Usinger - Twinning NMTCs with 7a Loans)Eric Usinger
This document summarizes considerations for structuring transactions that combine New Markets Tax Credits (NMTCs) with Small Business Administration (SBA) Section 7(a) loan guarantees. Specifically:
- Community Development Entities (CDEs) can make loans to other CDEs that are SBA-approved lenders to deploy more small business loans through NMTC financing.
- Leverage lenders providing NMTC financing may expect full repayment of loans within the 7-year compliance period, even if SBA loans have longer terms.
- SBA loan requirements like full amortization could conflict with NMTC rules requiring investments be held for 7 years, requiring strategies like sinking funds.
The boomers have paid into social policy funds to pay for their parents’ retirements only to find those funds have not been used and made to work for them. They have become the victims of poor management policies of the industry who claim results they have never managed to obtain, ever.
You will never save your bacon that way. The financial industry managers ensure that they will take the hog home after you raised it.
“I’ve had nothing yet,” Alice replied in an offended tone: “so I ca’n’t take more.” “You mean you ca’n’t take less,” said the Hatter: “it’s very easy to take more than nothing.”
Spotting Financial Advisors' Conflicts of InterestDaniel Del Re
Recognizing potential conflicts of interest can present a challenge to affluent investors who often work closely with numerous, well-connected advisors. While the business or personal ties that financial and legal professionals possess do not always color the advice they provide, their clients should always be on the lookout for potential problems and, if they arise, be prepared to manage them. The document then discusses a case involving the Cailloux family estate where the family attorney and executor of the estate were found to have conflicts of interest that negatively impacted the family. It concludes by emphasizing the importance of investors understanding an advisor's potential conflicts and not being completely dependent on their advice alone.
The financial crisis was tough on asset-backed lending funds, and a spate of redemptions saw the space shrink considerably. But the launch this year of a new $1bn fund from FrontPoint Partners suggests that direct lending and ABL is making a comeback, and, due to the restrictions of Dodd-Frank, the space offers a wealth of opportunity for smaller niche players.
This presentation discusses the changing financial landscape after the 2008 crisis and lessons learned. It covers four main topics: 1) how the financial crisis occurred and the role of poor policy and incentives, 2) changes in regulation and the financial system, 3) key lessons on risk management and governance, and 4) focus areas including liquidity, capital, and compensation. The presentation emphasizes that while regulation is important, the underlying issues were related more to incentives and risk culture within firms.
The document discusses the history of the mortgage crisis beginning in 2007 and the fraudulent foreclosure practices that emerged in its wake. It describes how hundreds of billions of dollars in risky mortgage-backed securities were sold globally and collapsed, forcing mass loan modifications and foreclosures. Loan servicers hired inexperienced staff who mishandled modifications while "robo-signers" approved foreclosures without verifying details. Widespread legal issues around mortgage ownership led to investigations and moratoriums on foreclosures. The crisis increased shadow inventories and will likely cause future price drops when properties are sold.
The document discusses how a short sale is a better alternative to foreclosure when facing financial hardship and losing one's home, as it allows homeowners to exit their property more gracefully. It explains the advantages and disadvantages of a short sale compared to foreclosure, and provides details on the Home Affordable Foreclosure Alternatives (HAFA) program which provides incentives to lenders and homeowners to pursue a short sale over foreclosure. The document also offers guidance on how homeowners can proceed with a short sale by finding an experienced real estate agent and gathering evidence of financial hardship.
Zachary Lazar of BMO Private Bank and Raymond Whitacre of BMO Harris Bank provide integrated financial strategies for businesses and their owners. They address what happens to a privately held company if its owner dies without a succession plan. They recommend establishing trusts, gifting assets, and life insurance to manage estate taxes. Selecting a successor now ensures smooth leadership transition. Their collaboration provides strategic and tactical financial advice for both business and personal finances.
In Depth: Asset Backed Lending And Hedge FundsLisa Krow
Stillwater Capital Partners manages three hedge funds and a private equity real estate fund that have all achieved double-digit returns with low volatility. Their asset-backed lending fund makes short-term bridge loans secured by real estate, personal injury law firms, and life insurance policies. The loans allow borrowers to access cash quickly when traditional lenders take longer. Stillwater mitigates risk by ensuring adequate insurance on properties and getting two independent appraisals. They also secure law firm loans with expected future case settlements. The asset-backed fund of funds invests in managers pursuing similar lending strategies and verifies assets with an independent auditor.
Captive insurers have traditionally generated revenue through premiums and investments, but many are missing out on recovering paid claims through subrogation. Commercial insurers invest heavily in subrogation and recover over a billion dollars annually, while few captives pursue this avenue. Pursuing subrogation could recover millions for captives, but many lack dedicated staff and data collection systems. Outsourcing subrogation to specialized lawyers on a contingency basis provides a cost-effective option for captives to start recovering losses paid to third parties.
Captive insurers have traditionally generated revenue through premiums and investments, but many are missing out on recovering paid claims through subrogation. Commercial insurers invest heavily in subrogation and recover over a billion dollars annually, while few captives pursue this avenue. Pursuing subrogation could recover millions for captives, but many lack dedicated staff and data collection systems. Outsourcing subrogation to specialized lawyers on a contingency basis provides a cost-effective option for captives to start recovering losses paid to third parties.
William Gross Sues Pimco for Hundreds of MillionsTric Park
The document is a complaint filed by William H. Gross against Pacific Investment Management Company LLC (PIMCO), Allianz Asset Management of America L.P., and unnamed defendants. It alleges that younger PIMCO executives conspired to force Mr. Gross, the founder of PIMCO, out of the company in order to take his share of PIMCO's profits. It also claims PIMCO wrongfully denied Mr. Gross hundreds of millions of dollars in compensation. The complaint provides background on Mr. Gross's career, the founding and success of PIMCO, disputes over strategy between Mr. Gross and another executive, and an investigation into damaging press leaks.
Real Estate and Mortgage Fraud: Emerging Trends 2016Jillayne Schlicke
This document provides an agenda and materials for a training on emerging trends in real estate and mortgage fraud. The training covers the FBI's definitions of mortgage fraud, case studies of recent local fraud cases, emerging fraud trends like collusion, affinity fraud and inflating income/assets. It includes a quiz and discussion of mitigation efforts. The goal is for attendees to learn about current fraud schemes and how they are evolving.
This document summarizes key findings from a research paper by Accuracy on cross-border M&A disputes. Some of the main points include:
- 57% of disputes analyzed were heard through private arbitration rather than traditional litigation.
- Almost a third of claims were for €10 million or less, while 15% were over €1 billion. Dispute amounts do not necessarily correlate with complexity.
- The majority of disputes arise due to surprises for the buyer after deal closing, such as unexpected costs or warranty breaches.
- Deals using a "locked box" purchase price mechanism, where the price does not change after signing, see far fewer disputes than deals using purchase price adjustments.
- Volatility in
This document provides information about Robert Mittleman and the services his company offers related to real estate investing and transactions. It begins with an overview of Robert Mittleman's background and experience in real estate, mortgage lending, title services, and foreclosure issues. It then lists several services offered, including short sale processing, note purchase due diligence, transactional funding, education/consulting, and transaction management. The document emphasizes the importance of due diligence and discusses challenges with short sales. It also provides information on fiduciary duty and the Gramm-Leach-Bliley Act regarding privacy of personal financial information.
5 years later General Growth bankruptcy case still resonatesSamantha Rothman
Samantha J. Rothman and Professors Douglas Baird and Joseph Pagliari Jr. discuss how the General Growth bankruptcy case has impacted SPEs, in theory and in practice.
The major credit rating agencies, Moody's, Standard & Poors, and Fitch, bear a heavy burden of responsibility for the financial meltdown. It was their seal of approval that enabled Wall Street to develop a multi-trillion-dollar market for bonds resting on a foundation of tricky loans and bubbly housing prices. Institutional investors around the world were seduced into buying these high-risk securities by credit ratings that made them out to be as safe as the most conventional corporate and municipal bonds.
This proposal outlines a collaboration between real estate developers in South Florida to purchase distressed properties at below-market prices. The collaboration would pool financial resources to make higher bids than individual developers currently can. They plan to use a data-driven approach to identify and quickly acquire 15 promising properties by January 15th, 2009, with the goal of profiting from the increased value of real estate expected in 2011. Members would take on specified duties and the proposal minimizes risks by allowing members to withdraw support on any individual property purchase.
Fed Policy Compared to Islamic Banking PrinciplesGeoffrey Ford
1) The document discusses the differences between Islamic banking principles and the US Federal Reserve's monetary policy, specifically regarding interest rates. Islamic law forbids interest, while the Fed uses interest rates as a tool.
2) Islamic banks engage in profit-loss sharing investments rather than interest-based loans. This allows entrepreneurs access to funding without liability if ventures fail.
3) The document argues the US system prioritizes interest returns over charitable principles, pointing to examples of speculative lending that Islamic banks would avoid.
The document discusses the impact of the economic downturn and "bailout" on small businesses. It notes that small businesses have been hard hit by issues in the housing market and credit crunch. The bailout aims to help community banks and increase SBA lending to provide more funding options for small firms. The document provides tips for small business owners to evaluate their cash flow, funding sources, and develop alternative plans to survive economic challenges.
StockTakers season of giving Best Wishes to small investors continues with our Risk Price driven results. Small investors can enjoy another slice of our Risk Price method to earn investment income for yourselves.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income for them and leave that work to us. Because We Can.
Este documento describe cómo realizar una búsqueda en la base de datos CINAHL para encontrar artículos sobre las causas y el diagnóstico de úlceras en los pies en personas mayores de 65 años. Explica la estrategia de búsqueda utilizando descriptores como "foot ulcer" y "aged" y limitando los resultados a artículos desde 2010. También muestra cómo crear una alerta semanal para recibir notificaciones sobre nuevos artículos relevantes.
Stanley CSS is a division of Stanley Black & Decker that provides security solutions and services. It has over 3,700 employees located across 100 offices in North America, UK, and France serving over 445,000 commercial, industrial, government, and residential customers worldwide. Stanley CSS aims to deliver operational excellence, unparalleled customer service, and partner with customers to meet their security, safety, and business needs through five customer touchpoints: single source solutions, on-time installations, responsive service, customer service centers, and successful apprehensions.
Daniel P. Gaines is a student at Georgia Piedmont Technical College studying Banking and Finance with a graduation date of December 2016. He has over 10 years of professional experience in customer service roles at McDonald's, Hill Phoenix, and T&D Home Improvement demonstrating strong communication, leadership, and problem-solving skills. His core competencies include customer service, strategic planning, team building, and Microsoft Office programs.
Nacionalismo e fascismo como resposta ao fracasso da globalização neoliberalFernando Alcoforado
Além de provocar a devastação das economias de quase todos os países do mundo, a globalização neoliberal está gerando em consequência de seu fracasso o advento do nacionalismo e no bojo deste, também, a possibilidade de avanço do fascismo.
Two artists, Lydia Jean Goldbeck and Sara Catapano, will unveil their works called the Memento Vitae collection during the opening reception of the new AKA Creative art gallery in Charlotte's South End on March 1st from 8-10pm. The free public event will provide insight from the artists about the meaning and techniques used in their larger-than-life portraits on warped canvases and intricate sculptures.
A chegada de Donald Trump à Casa Branca pode provocar mudanças significativas em relação ao futuro dos Estados Unidos e do mundo. Diante do discurso de posse e das promessas de campanha de Trump, pode-se descortinar os cenários seguintes: 1) avanço do protecionismo nos Estados Unidos e no mundo; 2) fim da globalização do sistema produtivo e do livre comércio; 3) deportação em massa de imigrantes, especialmente, os ilegais dos Estados Unidos; 4) deterioração das relações econômicas com a China; 5) mudanças na maior aliança militar do mundo (OTAN); 6) aumento das tensões militares com a China e Coreia do Norte no Extremo-Oriente; 7) revisão de acordo nuclear com o Irã; 8) fim dos acordos climáticos; e, 9) formação de um acordo de poder global com a Rússia.
The document discusses the medieval diet for banking and proposals by the Financial Stability Board to increase capital reserve requirements for global systemically important banks to 16-18% by 2022. This would reduce bank leverage and money multiplier effects, requiring banks to obtain more capital from investors rather than relying on insured deposits. The changes aim to make banks operate more prudently and reduce risks of public bailouts due to bank losses, by holding banks more accountable without access to deposit insurance and public support programs.
The document discusses the 2008 financial crisis and government bailouts. It provides background on how risky mortgage lending practices led to the crisis. It describes major events like the failures of Lehman Brothers, AIG receiving an $85 billion bailout from the federal government, and the $700 billion Troubled Asset Relief Program bailout. It considers risks of the government stepping in or not stepping in during a financial crisis and notes the economy may continue to struggle even after bailouts.
Mooing slowly @ 15.21% pa.
StockTakers TaxCharityTM lets small investors grow their wealth with our Risk Price driven 'likeables'. .
Enjoy another slice of our Risk Price method to earn self-directed investment income for yourselves.
Because You Can.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
This document summarizes the strategies and services of Singer Financial Group. They aim to create substantial and sustainable advantages for clients' financial portfolios through strategies that protect principal, retain gains, and guarantee income. They emphasize downside protection using "Finsurance" strategies that blend finance and insurance, such as equity-indexed annuities. Their goal is to help clients enjoy retirement without losing money or running out of money using a "Fortress Balance Sheet" approach.
Dulcid mooing herd this month for 17-20% pa.
StockTakers BlackSwanTrading-Solo 50K TM allows small investors to grow their own wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves with our 'likeables'.
Because You Can.
Accredited Investors Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
This document provides a summary of the author's investment strategies and portfolio performance over time. It discusses the concept of "likeables" equities that trade above a benchmark risk price and tend to continue rising due to investor preference. Sample portfolios like the Solo50K and BlackSwanTrading portfolios are described, showing strong returns over multiple years despite periods of market volatility. The use of stop-loss settings is discussed as a way to potentially improve risk-adjusted returns through capital preservation.
Light lowing from the herd this month for 15-20% pa.
StockTakers BlackSwanTrading-Solo 50K TM allows small investors to grow their own wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves with our 'likeables'.
Because You Can.
Accredited Investors Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
Lovely mooing herd for 14.6-18.9% pa.
StockTakers BlackSwanTrading-Solo 50K TM allows small investors to grow their own wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves with our 'likeables'.
Because You Can.
Accredited Investors Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
Lovely mooing from the herd this month for 17-21% pa.
StockTakers BlackSwanTrading-Solo 50K TM allows small investors to grow their own wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves with our 'likeables'.
Because You Can.
Accredited Investors Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
Lively mooing from the herd this month for 17-21% pa.
StockTakers BlackSwanTrading-Solo 50K TM allows small investors to grow their own wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves with our 'likeables'.
Because You Can.
Accredited Investors Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
Lively mooing from the herd this month for 21.54% pa.
StockTakers BlackSwanTrading-Solo 50K TM allows small investors to grow their own wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves with our 'likeables'.
Because You Can.
Accredited Investors Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
In rough negative marketsfor near half its term BlackSwan is honking 20.50% pa. That is proof,
StockTakers gives small investors means to save tax refunds with our Risk Price method. Enjoy another slice to earn investment income for yourselves.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income for them and leave that work to us.
Because We Can.
StockTakers Black Swans are honking nicely giving small investors means to build their wealth with our proprietary Risk Price method
StockTakers TaxCharityTM gives small investors means to save tax refunds with our proprietary Risk Price method.
Enjoy another slice to earn investment income for yourselves. Because You Can..
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income for them leaving that work to us.
Because We Do.
The document discusses how to navigate banking relationships during troubled economic times. It provides an overview of the shifts in the banking industry due to the financial crisis, including increased consolidation and losses from mortgage-backed securities and credit default swaps. It then offers advice on evaluating your bank's health, communicating proactively with your banker, understanding your loan terms and knowing when to seek other options.
Louder mooing from the herd brought 5% to 10% in a month.
StockTakers BlackSwanTrading-Solo 50K TM allows small investors to grow their own wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves with our 'likeables.
Because You Can.
Accredited Investors Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
StockTakers Hark, FESTIVUS mooing herds 14.44-18.50% pa.
BlackSwanTrading-Solo 50K TM helps small investors grow their own wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves with our 'likeables'.
Because You Can.
Accredited Investors Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
This document provides a summary of various equities portfolios over a period of time, analyzing their performance and gains. It discusses two portfolios in particular - BlackSwanTradingTM and BlackSwanSleepingTM - which achieved gains of over 100% using a strategy of only investing in "likeables" stocks that rose above a defined risk price threshold. The document also comments on broader market trends and the performance of conventional investment strategies over this period.
Louder mooing from the herd brought 3.6% in a month.
StockTakers BlackSwanTrading-Solo 50K TM allows small investors to grow their own wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves with our 'likeables.
Because You Can.
Accredited Investors Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
Mooing slowly @ 18.96% pa.
StockTakers TaxCharityTM lets small investors grow their wealth with our Risk Price driven 'likeables'. .
Enjoy another slice of our Risk Price method to earn self-directed investment income for yourselves.
Because You Can.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
StockTakers BookBuilderTM bromide for the havoc helps small investors grow their wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves.
Because You Can.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
This document provides a summary of the performance of various equity portfolios from 2011-2016, referred to as "ABCs to Zs Portfolios". It discusses how these portfolios, composed of "likeables" stocks identified by the author, have significantly outperformed benchmarks like hedge funds and achieved average annual returns of 17.99% for the TSX portfolio. It encourages readers to consider investing more in these portfolios given the large amounts of cash reserves that have been accumulated from the strong returns.
StockTakers BookBuilderTM bromide for the havoc helps small investors grow their wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves.
Because You Can.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
Contented mooing 9.12% from those Newbies.
StockTakers UUOOPPsiesTM gives small investors means to grow their wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves.
Because You Can.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
Mooing slowly @ 15.87% pa.
StockTakers TaxCharityTM lets small investors grow their wealth with our Risk Price driven 'likeables'. .
Enjoy another slice of our Risk Price method to earn self-directed investment income for yourselves.
Because You Can.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
StockTakers 16% p.a. bromide for the morning after.
StockTakers BookBuilderTM helps small investors grow their wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves.
Because You Can.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
Lovely mooing herd for 14.54-19.56% pa.
StockTakers BlackSwanTrading-Solo 50K TM allows small investors to grow their own wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves with our 'likeables'.
Because You Can.
Accredited Investors Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
Nice market mooing for 6.03 to 17.78% p.a. StockTaker helps small investors grow their wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves.
Because You Can.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
StockTakers 18% p.a. bromide for the morning after.
StockTakers BookBuilderTM helps small investors grow their wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves.
Because You Can.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
Mooing slowly @ 3.63 to 14.56% pa.
StockTakers TaxCharityTM lets small investors grow their wealth with our Risk Price driven 'likeables'. .
Enjoy another slice of our Risk Price method to earn self-directed investment income for yourselves.
Because You Can.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
This document discusses stock market analysis and investment strategies. It summarizes the performance of various "likeables" stock portfolios from 2011-2016, which have significantly outperformed conventional funds and earned returns of 18-26% annually. Specific stocks are listed for the ABCs portfolio from 2011 on the TSX and NYSE that have gained 123.58% over 57 months. The strategies focus on identifying undervalued stocks using risk price analysis and limiting losses with stop losses.
Stocktakers BBr-outlier has gained 17.16% through this quarter – NYSE, 3.69%.
StockTakers BookBuilderTM helps small investors grow their wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves.
Because You Can.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
This document provides a 3-page summary of the investment strategies and philosophies of StockTakers Limited, an Alberta corporation that provides information on "likeable" equities. Some of the key points include:
- StockTakers identifies "likeable" equities as those that trade above their proprietary "Risk Price" metric and tend to rise due to investor preference.
- They argue conventional investment advisors and the financial industry as a whole do not adequately manage risk or provide returns above inflation.
- StockTakers proves their approach works through public portfolios that demonstrate risk aversion, strong returns, liquidity, and other benefits over the long-term, especially during recessions.
- Their strategy
This document describes a portfolio called WHYNOTtsxBUBBY Tax Charity that selects undervalued equities, or "likeables", using a metric called Risk Price. It provides updates on the portfolio's performance over three months, showing consistent gains above 8% despite volatility in broader markets. The portfolio aims to help small investors grow their savings in a low-risk manner, unlike conventional financial managers who take high fees with little return. Details are given on current holdings and their purchase prices to demonstrate the open and testable nature of the strategy.
Mooing slowly @ 4.63 to 18.77% pa.
StockTakers TaxCharityTM lets small investors grow their wealth with our Risk Price driven 'likeables'. .
Enjoy another slice of our Risk Price method to earn self-directed investment income for yourselves.
Because You Can.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
More modest mooing from the herd at 18.32%,
StockTakers BookBuilderTM gives small investors means to grow their wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves.
Because You Can.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
More herd mooing for 4.79 to 19.66% pa.
StockTakers ABC-ZsTM wealth helping small investors
StockTakers ABC-ZsTM gives small investors means to grow their wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves.
Because You Can.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
This document provides an update on the TaxCharit€TM EuroNext portfolio as of June 22, 2016. It discusses recent performance of equities in the portfolio and notes some stop-loss triggers in recent months due to unusual volatility in Euro markets. The summary also references plans to buy additional equities and holds some cash in anticipation of further purchases. Overall, the portfolio has gained 4.0% over the past 4 months but the internal rate of return is currently too early to determine.
WHYNOTtsxBUBBY
8:50pm 07may2016
More contented mooing brings large crop of Newbies.
StockTakers WHYNOTtsxBUBBYTM gives small investors means to grow their wealth with our Risk Price driven 'likeables'.
Enjoy another slice of our Risk Price method to earn investment income for yourselves.
Because You Can.
Accredited investors can Buy A Slice of StockTakers 12% Bond to earn investment income by leaving that work to us.
Because We Do.
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board